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Pine Bluff, 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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Pine Bluff, AR Housing Market Trends

With 41,253 people, 16,808 houses or apartments, and a median cost of homes of $112,297, house prices in Pine Bluff are solidly below the national average.

Single-family detached homes are the single most common housing type in Pine Bluff, accounting for 70.53% of the city's housing units. Other types of housing that are prevalent in Pine Bluff include large apartment complexes or high rise apartments ( 17.23%), duplexes, homes converted to apartments or other small apartment buildings ( 6.19%), and a few mobile homes or trailers ( 4.90%).

The most prevalent building size and type in Pine Bluff are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.51% owning and 53.49% renting.

There is a lot of housing in Pine Bluff 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 Pine Bluff built between 1940-1969 ( 38.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.73%). There's also some housing in Pine Bluff built before 1939 ( 8.38%).

Vacant housing appears to be an issue in Pine Bluff. Fully 20.73% of the housing stock is classified as vacant. Left unchecked, vacant Pine Bluff homes and apartments can be a drag on the real estate market, holding Pine Bluff real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Pine Bluff Home Appreciation Rates

Pine Bluff's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pine Bluff during the period has been just 3.52%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pine Bluff's appreciation rate, at 15.46%, has been at or slightly above the national average. In the latest quarter, Pine Bluff's appreciation rate has been 9.55%, which annualizes to a rate of 44.05%.

Importantly, NeighborhoodScout’s exclusive research found that Pine Bluff's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Arkansas, our data show that Pine Bluff'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 Pine Bluff differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pine Bluff - 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 Pine Bluff real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$112,297

Pine Bluff, AR HOME PRICES

> $1,386,000
$1,039,001 - $1,386,000
$693,001 - $1,039,000
$554,001 - $693,000
$416,001 - $554,000
$277,001 - $416,000
$138,001 - $277,000
$69,001 - $138,000
$0 - $69,000
0.2%
0.2%
0.1%
0.1%
0.5%
0.5%
0.3%
0.3%
0.7%
0.7%
7.2%
7.2%
22.4%
22.4%
39.0%
39.0%
29.6%
29.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Low for AR

Value Relative To Nation

Number Of Homes And Apartments:
16,808

Pine Bluff Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
74.11% 2.50%
3
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,083 / per month

Homeownership Rate

Owners
Renters
Vacant
46.5%
46.5%
53.5%
53.5%
20.7%
20.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.7%
9.7%
43.5%
43.5%
38.3%
38.3%
8.4%
8.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.5%
70.5%
1.1%
1.1%
6.2%
6.2%
17.2%
17.2%
4.9%
4.9%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.8%
2.8%
9.2%
9.2%
31.5%
31.5%
45.6%
45.6%
9.5%
9.5%
1.4%
1.4%
0.0% 100.0%
% OF HOMES