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 18,654, 5,963 total housing units (homes and apartments), and a median house value of $313,783, Siloam Springs real estate is some of the most expensive in Arkansas, although Siloam Springs home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Siloam Springs, accounting for 70.37% of the city's housing units. Other types of housing that are prevalent in Siloam Springs include large apartment complexes or high rise apartments ( 10.29%), duplexes, homes converted to apartments or other small apartment buildings ( 10.03%), and a few row houses and other attached homes ( 6.33%).
The most prevalent building size and type in Siloam Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.52% owning and 45.48% renting.
There is a lot of housing in Siloam 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 Siloam Springs built between 2000 and later ( 34.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.96%). There's also some housing in Siloam Springs built before 1939 ( 7.80%).
In the last 10 years, Siloam Springs has experienced some of the highest home appreciation rates of any community in the nation. Siloam Springs real estate appreciated 128.79% over the last ten years, which is an average annual home appreciation rate of 8.63%, putting Siloam Springs in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Siloam Springs definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Siloam Springs's appreciation rate, at 7.46%, has been at or slightly above the national average. In the latest quarter, Siloam Springs's appreciation rate has been 1.10%, which annualizes to a rate of 4.48%.
Relative to Arkansas, our data show that Siloam Springs's latest annual appreciation rate is lower than 50% of the other cities and towns in Arkansas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Siloam Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Siloam Springs - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Siloam Springs real estate investment or home purchase decisions.
$313,783
for Arkansas
for nation
5,963
$1,516 / per month