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 2,124 people, 762 houses or apartments, and a median cost of homes of $136,152, house prices in Star City are solidly below the national average.
Single-family detached homes are the single most common housing type in Star City, accounting for 82.73% of the city's housing units. Other types of housing that are prevalent in Star City include mobile homes or trailers ( 13.24%), duplexes, homes converted to apartments or other small apartment buildings ( 3.84%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Star City. Owner-occupied housing accounts for 73.14% of Star City's homes, and 82.34% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Star City 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 Star City built between 1940-1969 ( 31.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.87%). There's also some housing in Star City built before 1939 ( 3.65%).
Vacant housing appears to be an issue in Star City. Fully 26.87% of the housing stock is classified as vacant. Left unchecked, vacant Star City homes and apartments can be a drag on the real estate market, holding Star City 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Star City, where house values have increased just 44.13%, which is annualized rate of 3.72%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Star City appreciation rates have trailed the rest of the nation. In the last twelve months, Star City's appreciation rate has been -0.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Star City were at -8.55%, which equates to an annual appreciation rate of -30.07%.
Notably, Star City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arkansas, our data show that Star City's latest annual appreciation rate is lower than 90% of the other cities and towns in Arkansas.
$136,152
for Arkansas
for nation
762
$1,279 / per month