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 3,740 people, 1,199 houses or apartments, and a median cost of homes of $205,934, house prices in Alexander are solidly below the national average.
Mobile homes or trailers are the single most common housing type in Alexander, accounting for 59.82% of the city's housing units. Other types of housing that are prevalent in Alexander include single-family detached homes ( 40.18%).
Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Alexander. Owner-occupied housing accounts for 81.27% of Alexander's homes, and 71.09% have either three or four bedrooms, which is average sized relative to America.
Alexander homes and real estate are some of the newest in America. 53.09% of Alexander'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 Alexander real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 45.54%), and between 1940-1969 ( 1.37%).
Vacant housing appears to be an issue in Alexander. Fully 17.65% of the housing stock is classified as vacant. Left unchecked, vacant Alexander homes and apartments can be a drag on the real estate market, holding Alexander 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.
Alexander's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Alexander during the period has been just 5.00%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Alexander's appreciation rate, at 6.45%, has been at or slightly above the national average. In the latest quarter, Alexander's appreciation rate has been 3.18%, which annualizes to a rate of 13.33%.
Relative to Arkansas, our data show that Alexander's latest annual appreciation rate is lower than 60% of the other cities and towns in Arkansas.
$205,934
for Arkansas
for nation
1,199
$1,752 / per month