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 3,666, 1,199 total housing units (homes and apartments), and a median house value of $198,010, house prices in Alexander are solidly below the national average.
Mobile homes or trailers are the single most common housing type in Alexander, accounting for 59.82% of the city's housing units. Other types of housing that are prevalent in Alexander include single-family detached homes ( 40.18%).
Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Alexander. Owner-occupied housing accounts for 81.27% of Alexander's homes, and 71.09% have either three or four bedrooms, which is average sized relative to America.
Alexander homes and real estate are some of the newest in America. 53.09% of Alexander'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 Alexander real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 45.54%), and between 1940-1969 ( 1.37%).
Vacant housing appears to be an issue in Alexander. Fully 17.65% of the housing stock is classified as vacant. Left unchecked, vacant Alexander homes and apartments can be a drag on the real estate market, holding Alexander 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 Alexander, where house values have increased just 55.70%, which is annualized rate of 4.53%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Alexander appreciation rates have trailed the rest of the nation. In the last twelve months, Alexander's appreciation rate has been 3.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alexander were at 0.44%, which equates to an annual appreciation rate of 1.78%.
Notably, Alexander's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arkansas, our data show that Alexander's latest annual appreciation rate is lower than 80% of the other cities and towns in Arkansas.
$198,010
for Arkansas
for nation
1,199
$1,737 / per month