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 2,934, 1,035 total housing units (homes and apartments), and a median house value of $140,163, house prices in DeWitt are solidly below the national average.
Single-family detached homes are the single most common housing type in DeWitt, accounting for 71.87% of the city's housing units. Other types of housing that are prevalent in DeWitt include mobile homes or trailers ( 12.03%), duplexes, homes converted to apartments or other small apartment buildings ( 9.16%), and a few large apartment complexes or high rise apartments ( 5.82%).
The most prevalent building size and type in DeWitt are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.38% owning and 40.62% renting.
There is a lot of housing in DeWitt 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 DeWitt built between 1940-1969 ( 39.28%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.00%). There's also some housing in DeWitt built before 1939 ( 7.25%).
Vacant housing appears to be an issue in DeWitt. Fully 17.53% of the housing stock is classified as vacant. Left unchecked, vacant DeWitt homes and apartments can be a drag on the real estate market, holding DeWitt 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.
Real estate appreciation rates in DeWitt's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.19% during the period.
Appreciation rates are so strong in DeWitt that despite a nationwide downturn in the housing market, DeWitt real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, DeWitt appreciation rates continue to be some of the highest in America, at 8.72%, which is higher than appreciation rates in 78.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in DeWitt. DeWitt 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 DeWitt's latest annual appreciation rate is higher than 60% of the other cities and towns in Arkansas.
$140,163
for Arkansas
for nation
1,035
$1,289 / per month