Sherwood, 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

Sherwood, AR Housing Market Trends

With a population of 31,436, 12,337 total housing units (homes and apartments), and a median house value of $193,842, Sherwood real estate is some of the most expensive in Arkansas, although Sherwood home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Sherwood, accounting for 78.28% of the city's housing units. Other types of housing that are prevalent in Sherwood include large apartment complexes or high rise apartments ( 11.61%), duplexes, homes converted to apartments or other small apartment buildings ( 6.12%), and a few mobile homes or trailers ( 2.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sherwood. Owner-occupied housing accounts for 71.10% of Sherwood's homes, and 73.77% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sherwood 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 Sherwood built between 2000 and later ( 26.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.38%). There's also some housing in Sherwood built before 1939 ( 1.65%).

Vacant housing appears to be an issue in Sherwood. Fully 10.40% of the housing stock is classified as vacant. Left unchecked, vacant Sherwood homes and apartments can be a drag on the real estate market, holding Sherwood 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.

Sherwood Home Appreciation Rates

Sherwood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sherwood during the period has been just 1.47%, which is lower than 80% of US communities.

Over the last year, Sherwood appreciation rates have trailed the rest of the nation. In the last twelve months, Sherwood's appreciation rate has been 5.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sherwood were at 1.73%, which equates to an annual appreciation rate of 7.10%.

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

Average Home Values

 

Median Home Value:
$193,842

Sherwood, AR HOME PRICES

> $1,103,000
0.4%
0.4%
$828,001 - $1,103,000
0.0%
0.0%
$552,001 - $828,000
0.6%
0.6%
$442,001 - $552,000
1.2%
1.2%
$331,001 - $442,000
5.8%
5.8%
$221,001 - $331,000
21.1%
21.1%
$110,001 - $221,000
53.3%
53.3%
$55,001 - $110,000
13.5%
13.5%
$0 - $55,000
4.2%
4.2%
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:
12,337

Sherwood 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
48.82% 1.89%
3
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,079 / per month

Homeownership Rate

Owners
71.1%
71.1%
Renters
28.9%
28.9%
Vacant
10.4%
10.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
26.5%
26.5%
1970 - 1999
55.5%
55.5%
1940 - 1969
16.4%
16.4%
1939 or Older
1.6%
1.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
78.3%
78.3%
Townhomes
1.0%
1.0%
Small Apt. Buildings
6.1%
6.1%
Apt. Complexes
11.6%
11.6%
Mobile Homes
2.8%
2.8%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
6.3%
6.3%
2 Bedrooms
17.9%
17.9%
3 Bedrooms
56.3%
56.3%
4 Bedrooms
17.5%
17.5%
5 or more bedrooms
1.2%
1.2%
0.0% 100.0%
% OF HOMES