Paragould, 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

Paragould, AR Housing Market Trends

With a population of 28,986, 10,755 total housing units (homes and apartments), and a median house value of $129,652, house prices in Paragould are solidly below the national average.

Single-family detached homes are the single most common housing type in Paragould, accounting for 74.89% of the city's housing units. Other types of housing that are prevalent in Paragould include duplexes, homes converted to apartments or other small apartment buildings ( 11.39%), large apartment complexes or high rise apartments ( 6.34%), and a few mobile homes or trailers ( 5.09%).

The most prevalent building size and type in Paragould are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.48% owning and 41.52% renting.

There is a lot of housing in Paragould 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 Paragould built between 2000 and later ( 24.30%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.59%). There's also some housing in Paragould built before 1939 ( 4.93%).

Paragould Home Appreciation Rates

Real estate appreciation rates in Paragould's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.45% during the period.

Over the last year, Paragould appreciation rates have trailed the rest of the nation. In the last twelve months, Paragould's appreciation rate has been 3.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Paragould were at 1.87%, which equates to an annual appreciation rate of 7.67%.

Relative to Arkansas, our data show that Paragould's latest annual appreciation rate is lower than 90% 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 Paragould differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Paragould - 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 Paragould real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$129,652

Paragould, AR HOME PRICES

> $1,149,000
0.6%
0.6%
$862,001 - $1,149,000
0.2%
0.2%
$574,001 - $862,000
0.8%
0.8%
$459,001 - $574,000
0.7%
0.7%
$345,001 - $459,000
2.5%
2.5%
$230,001 - $345,000
10.0%
10.0%
$115,001 - $230,000
42.6%
42.6%
$58,001 - $115,000
27.8%
27.8%
$0 - $58,000
14.8%
14.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for AR

Value Relative To Nation

Number Of Homes And Apartments:
10,755

Paragould 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
44.89% 1.76%
3
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$939 / per month

Homeownership Rate

Owners
58.5%
58.5%
Renters
41.5%
41.5%
Vacant
6.4%
6.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
24.3%
24.3%
1970 - 1999
53.2%
53.2%
1940 - 1969
17.6%
17.6%
1939 or Older
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
74.9%
74.9%
Townhomes
1.9%
1.9%
Small Apt. Buildings
11.4%
11.4%
Apt. Complexes
6.3%
6.3%
Mobile Homes
5.1%
5.1%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
6.5%
6.5%
2 Bedrooms
28.4%
28.4%
3 Bedrooms
49.7%
49.7%
4 Bedrooms
12.9%
12.9%
5 or more bedrooms
1.9%
1.9%
0.0% 100.0%
% OF HOMES