Benton, AR Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Benton, AR Housing Market Trends

With a population of 36,820, 13,082 total housing units (homes and apartments), and a median house value of $178,000, Benton real estate is some of the most expensive in Arkansas, although Benton home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Benton, accounting for 79.98% of the city's housing units. Other types of housing that are prevalent in Benton include large apartment complexes or high rise apartments ( 11.39%), duplexes, homes converted to apartments or other small apartment buildings ( 4.15%), and a few mobile homes or trailers ( 3.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Benton. Owner-occupied housing accounts for 67.61% of Benton's homes, and 66.58% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Benton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Benton built between 2000 and later ( 35.05%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.02%). There's also some housing in Benton built before 1939 ( 2.09%).

Benton Home Appreciation Rates

Benton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Benton during the period has been just 1.93%, which is lower than 80% of US communities.

Over the last year, Benton appreciation rates have trailed the rest of the nation. In the last twelve months, Benton's appreciation rate has been 5.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Benton were at 1.74%, which equates to an annual appreciation rate of 7.13%.

Relative to Arkansas, our data show that Benton's latest annual appreciation rate is lower than 70% of the other cities and towns in Arkansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Benton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Benton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Benton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$178,000

Benton, AR HOME PRICES

> $1,146,000
0.2%
0.2%
$860,001 - $1,146,000
0.3%
0.3%
$573,001 - $860,000
0.9%
0.9%
$459,001 - $573,000
0.9%
0.9%
$344,001 - $459,000
3.5%
3.5%
$229,001 - $344,000
16.5%
16.5%
$115,001 - $229,000
51.8%
51.8%
$57,001 - $115,000
19.1%
19.1%
$0 - $57,000
6.8%
6.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very High for AR

Value Relative To Nation

Number Of Homes And Apartments:
13,082

Benton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
43.23% 1.71%
2
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$960 / per month

Homeownership Rate

Owners
67.6%
67.6%
Renters
32.4%
32.4%
Vacant
9.8%
9.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
35.1%
35.1%
1970 - 1999
38.8%
38.8%
1940 - 1969
24.0%
24.0%
1939 or Older
2.1%
2.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
80.0%
80.0%
Townhomes
0.4%
0.4%
Small Apt. Buildings
4.2%
4.2%
Apt. Complexes
11.4%
11.4%
Mobile Homes
3.3%
3.3%
Other
0.8%
0.8%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
5.8%
5.8%
2 Bedrooms
21.8%
21.8%
3 Bedrooms
50.1%
50.1%
4 Bedrooms
16.4%
16.4%
5 or more bedrooms
3.2%
3.2%
0.0% 100.0%
% OF HOMES