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 2,189 people, 933 houses or apartments, and a median cost of homes of $324,966, Eureka Springs real estate is some of the most expensive in Arkansas, although Eureka Springs home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Eureka Springs, accounting for 76.66% of the city's housing units. Other types of housing that are prevalent in Eureka Springs include duplexes, homes converted to apartments or other small apartment buildings ( 12.09%), large apartment complexes or high rise apartments ( 7.04%), and a few mobile homes or trailers ( 2.30%).
People in Eureka Springs primarily live in small (one, two or no bedroom) single-family detached homes. Eureka Springs has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Eureka Springs 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 Eureka Springs built before 1939 ( 28.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.97%). There's also some housing in Eureka Springs built between 2000 and later ( 11.17%).
Vacant housing appears to be an issue in Eureka Springs. Fully 28.62% of the housing stock is classified as vacant. Left unchecked, vacant Eureka Springs homes and apartments can be a drag on the real estate market, holding Eureka Springs 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.
Appreciation rates for homes in Eureka Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.72%, which ranks in the top 40% nationwide. This equates to an annual average Eureka Springs house appreciation rate of 6.95%.
Appreciation rates are so strong in Eureka Springs that despite a nationwide downturn in the housing market, Eureka Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Eureka Springs appreciation rates continue to be some of the highest in America, at 8.51%, which is higher than appreciation rates in 75.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Eureka Springs. Eureka Springs 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 Eureka Springs's latest annual appreciation rate is higher than 50% of the other cities and towns in Arkansas.
$324,966
for Arkansas
for nation
933
$1,270 / per month