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 3,354 people, 1,300 houses or apartments, and a median cost of homes of $124,848, house prices in Waldron are solidly below the national average.
Single-family detached homes are the single most common housing type in Waldron, accounting for 72.31% of the city's housing units. Other types of housing that are prevalent in Waldron include large apartment complexes or high rise apartments ( 11.15%), duplexes, homes converted to apartments or other small apartment buildings ( 9.71%), and a few mobile homes or trailers ( 6.83%).
People in Waldron primarily live in small (one, two or no bedroom) single-family detached homes. Waldron has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Waldron 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 Waldron built between 1940-1969 ( 38.41%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.16%). There's also some housing in Waldron built before 1939 ( 4.45%).
Vacant housing appears to be an issue in Waldron. Fully 18.55% of the housing stock is classified as vacant. Left unchecked, vacant Waldron homes and apartments can be a drag on the real estate market, holding Waldron 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.
Waldron's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Waldron during the period has been just 5.64%, which is lower than 70% of US communities.
Appreciation rates are so strong in Waldron that despite a nationwide downturn in the housing market, Waldron real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Waldron appreciation rates continue to be some of the highest in America, at 8.74%, which is higher than appreciation rates in 78.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Waldron. Waldron appreciation rates in the latest quarter were at 2.97%, which equates to an annual appreciation rate of 12.43%.
Relative to Arkansas, our data show that Waldron's latest annual appreciation rate is higher than 60% of the other cities and towns in Arkansas.
$124,848
for Arkansas
for nation
1,300
$1,261 / per month