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 a population of 21,525, 6,862 total housing units (homes and apartments), and a median house value of $409,676, Centerton real estate is some of the most expensive in Arkansas, although Centerton home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Centerton, accounting for 78.24% of the city's housing units. Other types of housing that are prevalent in Centerton include row houses and other attached homes ( 11.57%), large apartment complexes or high rise apartments ( 7.26%), and a few mobile homes or trailers ( 1.96%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Centerton. Owner-occupied housing accounts for 67.43% of Centerton's homes, and 81.13% have either three or four bedrooms, which is average sized relative to America.
Centerton homes and real estate are some of the newest in America. 77.72% of Centerton's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Centerton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 19.98%), and before 1939 ( 1.42%).
In the last 10 years, Centerton has experienced some of the highest home appreciation rates of any community in the nation. Centerton real estate appreciated 153.03% over the last ten years, which is an average annual home appreciation rate of 9.73%, putting Centerton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Centerton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Centerton that despite a nationwide downturn in the housing market, Centerton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Centerton appreciation rates continue to be some of the highest in America, at 13.81%, which is higher than appreciation rates in 82.99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Centerton. Centerton appreciation rates in the latest quarter were at 4.54%, which equates to an annual appreciation rate of 19.43%.
Importantly, this makes Centerton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Arkansas, our data show that Centerton's latest annual appreciation rate is higher than 90% of the other cities and towns in Arkansas.
$409,676
for Arkansas
for nation
6,862
$2,078 / per month