Van Buren, 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 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

Van Buren, AR Housing Market Trends

With a population of 23,683, 8,990 total housing units (homes and apartments), and a median house value of $124,770, house prices in Van Buren are solidly below the national average.

Single-family detached homes are the single most common housing type in Van Buren, accounting for 75.53% of the city's housing units. Other types of housing that are prevalent in Van Buren include large apartment complexes or high rise apartments ( 11.96%), duplexes, homes converted to apartments or other small apartment buildings ( 9.03%), and a few row houses and other attached homes ( 2.07%).

The most prevalent building size and type in Van Buren are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.57% owning and 40.44% renting.

There is a lot of housing in Van Buren 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 Van Buren built between 2000 and later ( 23.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.04%). There's also some housing in Van Buren built before 1939 ( 2.63%).

Van Buren Home Appreciation Rates

Van Buren's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Van Buren during the period has been just 2.52%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Van Buren's appreciation rate, at 9.81%, has been at or slightly above the national average. In the latest quarter, Van Buren's appreciation rate has been 2.00%, which annualizes to a rate of 8.25%.

Relative to Arkansas, our data show that Van Buren's latest annual appreciation rate is higher than 80% 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 Van Buren differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Van Buren - 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 Van Buren real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$124,770

Van Buren, AR HOME PRICES

> $1,217,000
0.2%
0.2%
$913,001 - $1,217,000
0.2%
0.2%
$608,001 - $913,000
1.0%
1.0%
$487,001 - $608,000
0.0%
0.0%
$365,001 - $487,000
3.4%
3.4%
$243,001 - $365,000
6.0%
6.0%
$122,001 - $243,000
46.1%
46.1%
$61,001 - $122,000
34.3%
34.3%
$0 - $61,000
8.7%
8.7%
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:
8,990

Van Buren Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
58.95% 2.18%
4
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$983 / per month

Homeownership Rate

Owners
59.6%
59.6%
Renters
40.4%
40.4%
Vacant
6.0%
6.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
23.8%
23.8%
1970 - 1999
59.5%
59.5%
1940 - 1969
14.0%
14.0%
1939 or Older
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.5%
75.5%
Townhomes
2.1%
2.1%
Small Apt. Buildings
9.0%
9.0%
Apt. Complexes
12.0%
12.0%
Mobile Homes
1.4%
1.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.3%
2.3%
1 Bedroom
7.4%
7.4%
2 Bedrooms
22.7%
22.7%
3 Bedrooms
53.9%
53.9%
4 Bedrooms
11.9%
11.9%
5 or more bedrooms
1.8%
1.8%
0.0% 100.0%
% OF HOMES