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 4,017 people, 1,360 houses or apartments, and a median cost of homes of $275,319, Austin real estate is some of the most expensive in Arkansas, although Austin home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Austin, accounting for 95.28% of the city's housing units. Other types of housing that are prevalent in Austin include duplexes, homes converted to apartments or other small apartment buildings ( 3.24%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Austin. Owner-occupied housing accounts for 78.01% of Austin's homes, and 93.18% have either three or four bedrooms, which is average sized relative to America.
Austin homes and real estate are some of the newest in America. 79.89% of Austin'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 Austin real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 13.63%), and between 1940-1969 ( 5.26%). There's also some housing in Austin built before 1939 ( 1.21%).
Austin's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Austin during the period has been just 5.36%, which is lower than 70% of US communities.
Over the last year, Austin appreciation rates have trailed the rest of the nation. In the last twelve months, Austin's appreciation rate has been 5.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Austin were at 0.44%, which equates to an annual appreciation rate of 1.78%.
Notably, Austin's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arkansas, our data show that Austin's latest annual appreciation rate is lower than 70% of the other cities and towns in Arkansas.
$275,319
for Arkansas
for nation
1,360
$2,188 / per month