Texarkana, AR Real Estate Market
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.
Date(s) & Update Frequency:
- Home Values, Rents: Reflects Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
Texarkana, AR Housing Market Trends
With 29,306 people, 11,077 houses or apartments, and a median cost of homes of $182,349, house prices in Texarkana are solidly below the national average.
Single-family detached homes are the single most common housing type in Texarkana, accounting for 68.56% of the city's housing units. Other types of housing that are prevalent in Texarkana include large apartment complexes or high rise apartments ( 16.76%), duplexes, homes converted to apartments or other small apartment buildings ( 8.75%), and a few mobile homes or trailers ( 4.13%).
The most prevalent building size and type in Texarkana are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.56% owning and 45.44% renting.
There is a lot of housing in Texarkana 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 Texarkana built between 1940-1969 ( 30.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.36%). There's also some housing in Texarkana built before 1939 ( 5.61%).
Vacant housing appears to be an issue in Texarkana. Fully 18.70% of the housing stock is classified as vacant. Left unchecked, vacant Texarkana homes and apartments can be a drag on the real estate market, holding Texarkana 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.
Texarkana Home Appreciation Rates
Some of the lowest real estate appreciation rates in America over the last ten years have been in Texarkana, where house values have increased just 49.13%, which is annualized rate of 4.08%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Texarkana appreciation rates have trailed the rest of the nation. In the last twelve months, Texarkana's appreciation rate has been -4.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Texarkana were at 1.24%, which equates to an annual appreciation rate of 5.04%.
Relative to Arkansas, our data show that Texarkana's latest annual appreciation rate is lower than 90% 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 Texarkana differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Texarkana - 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 Texarkana real estate investment or home purchase decisions.
Median Home Value
$182,349
Average
for Arkansas
Low
for nation
Number of Homes And Apartments:
11,077
AR
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$1,306 / per month