Appreciation rates for homes in Springdale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.26%, which ranks in the top 50% nationwide. This equates to an annual average Springdale house appreciation rate of 1.25%.
Over the last year, Springdale appreciation rates have trailed the rest of the nation. In the last twelve months, Springdale’s appreciation rate has been 4.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout’s data show that house appreciation rates in Springdale were at -1.18%, which equates to an annual appreciation rate of -4.62%.
Notably, Springdale’s appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arkansas, our data show that Springdale’s latest annual appreciation rate is higher than 70% of the other cities and towns in Arkansas.
Vacant housing appears to be an issue in Springdale. Fully 10.01% of the housing stock is classified as vacant. Left unchecked, vacant Springdale homes and apartments can be a drag on the real estate market, holding Springdale 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, for a real estate investor.
There are currently 57 properties in Spring Dale, AR that are in some stage of foreclosure (default, auction or bank owned) according to Realtytrac.com. Another opportunity for the savvy cash investor to negotiate prices with motivated sellers.
Is this area perfect for Real Estate deals going on right now?
When one looks at the success of real estate investors overall, you will find that many of them have found their success when investing in properties in areas such as Springdale when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back.