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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 229 people, 55 houses or apartments, and a median cost of homes of $282,440, Bismarck real estate is some of the most expensive in Arkansas, although Bismarck home values aren't among America's most expensive.
Mobile homes or trailers are the single most common housing type in Bismarck, accounting for 56.36% of the town's housing units. Other types of housing that are prevalent in Bismarck include single-family detached homes ( 43.64%).
Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Bismarck. Owner-occupied housing accounts for 80.00% of Bismarck's homes, and 100.00% have either three or four bedrooms, which is average sized relative to America.
Bismarck homes and real estate are some of the newest in America. 56.36% of Bismarck's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Bismarck real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 43.64%), and between 1940-1969 ( 0.00%).
Appreciation rates for homes in Bismarck have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.42%, which ranks in the top 40% nationwide. This equates to an annual average Bismarck house appreciation rate of 6.60%.
NeighborhoodScout's data show that during the latest twelve months, Bismarck's appreciation rate, at 5.42%, has been at or slightly above the national average. In the latest quarter, Bismarck's appreciation rate has been 2.22%, which annualizes to a rate of 9.19%.
Importantly, this makes Bismarck one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Arkansas, our data show that Bismarck's latest annual appreciation rate is higher than 70% of the other cities and towns in Arkansas.
$282,440
for Arkansas
for nation
55
$1,415 / per month