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 5,751, 2,315 total housing units (homes and apartments), and a median house value of $191,489, house prices in Berryville are solidly below the national average.
Single-family detached homes are the single most common housing type in Berryville, accounting for 82.71% of the city's housing units. Other types of housing that are prevalent in Berryville include duplexes, homes converted to apartments or other small apartment buildings ( 7.84%), large apartment complexes or high rise apartments ( 5.12%), and a few mobile homes or trailers ( 3.09%).
The most prevalent building size and type in Berryville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.22% owning and 37.78% renting.
There is a lot of housing in Berryville 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 Berryville built between 2000 and later ( 25.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.42%). There's also some housing in Berryville built before 1939 ( 6.35%).
Real estate appreciation rates in Berryville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.74% during the period.
Appreciation rates are so strong in Berryville that despite a nationwide downturn in the housing market, Berryville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Berryville appreciation rates continue to be some of the highest in America, at 8.45%, which is higher than appreciation rates in 75.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Berryville. Berryville 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 Berryville's latest annual appreciation rate is higher than 50% of the other cities and towns in Arkansas.
$191,489
for Arkansas
for nation
2,315
$971 / per month