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 563, 234 total housing units (homes and apartments), and a median house value of $204,227, house prices in Taylor are solidly below the national average.
Single-family detached homes are the single most common housing type in Taylor, accounting for 92.31% of the city's housing units. Other types of housing that are prevalent in Taylor include mobile homes or trailers ( 7.69%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Taylor. Owner-occupied housing accounts for 75.58% of Taylor's homes, and 61.90% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Taylor's housing was primarily built during this period, from the '40s through the '60s. A full 60.44% of the city's housing hails from this era. Other housing ages represented in Taylor include homes built between 1970-1999 ( 19.78%) and housing constructed between 2000 and later ( 12.45%). There's also some housing in Taylor built before 1939 ( 7.33%).
Vacant housing appears to be an issue in Taylor. Fully 14.29% of the housing stock is classified as vacant. Left unchecked, vacant Taylor homes and apartments can be a drag on the real estate market, holding Taylor 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.
Taylor's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Taylor during the period has been just 5.41%, which is lower than 70% of US communities.
Over the last year, Taylor appreciation rates have trailed the rest of the nation. In the last twelve months, Taylor's appreciation rate has been 4.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Taylor were at 2.16%, which equates to an annual appreciation rate of 8.91%.
Relative to Arkansas, our data show that Taylor's latest annual appreciation rate is lower than 80% of the other cities and towns in Arkansas.
$204,227
for Arkansas
for nation
234
$1,530 / per month