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 6,623 people, 2,072 houses or apartments, and a median cost of homes of $193,459, house prices in Ward are solidly below the national average.
Single-family detached homes are the single most common housing type in Ward, accounting for 86.36% of the city's housing units. Other types of housing that are prevalent in Ward include mobile homes or trailers ( 7.27%), duplexes, homes converted to apartments or other small apartment buildings ( 4.92%), and a few large apartment complexes or high rise apartments ( 1.45%).
The most prevalent building size and type in Ward are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.34% owning and 38.66% renting.
Ward homes and real estate are some of the newest in America. 73.62% of Ward'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 Ward real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 22.32%), and before 1939 ( 2.48%). There's also some housing in Ward built between 1940-1969 ( 1.58%).
Vacant housing appears to be an issue in Ward. Fully 11.42% of the housing stock is classified as vacant. Left unchecked, vacant Ward homes and apartments can be a drag on the real estate market, holding Ward 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Ward, where house values have increased just 53.64%, which is annualized rate of 4.39%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Ward appreciation rates have trailed the rest of the nation. In the last twelve months, Ward's appreciation rate has been 2.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ward were at 0.44%, which equates to an annual appreciation rate of 1.78%.
Notably, Ward's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arkansas, our data show that Ward's latest annual appreciation rate is lower than 80% of the other cities and towns in Arkansas.
$193,459
for Arkansas
for nation
2,072
$1,615 / per month