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 20,075 people, 6,498 houses or apartments, and a median cost of homes of $301,368, Siloam Springs real estate is some of the most expensive in Arkansas, although Siloam Springs home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Siloam Springs, accounting for 68.56% of the city's housing units. Other types of housing that are prevalent in Siloam Springs include row houses and other attached homes ( 10.70%), duplexes, homes converted to apartments or other small apartment buildings ( 9.40%), and a few large apartment complexes or high rise apartments ( 8.86%).
The most prevalent building size and type in Siloam Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.01% owning and 43.99% renting.
Siloam Springs homes and real estate are some of the newest in America. 41.03% of Siloam Springs'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 Siloam Springs real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.28%), and between 1940-1969 ( 15.09%). There's also some housing in Siloam Springs built before 1939 ( 9.60%).
Appreciation rates for homes in Siloam Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 111.30%, which ranks in the top 30% nationwide. This equates to an annual average Siloam Springs house appreciation rate of 7.77%.
NeighborhoodScout's data show that during the latest twelve months, Siloam Springs's appreciation rate, at 3.08%, has been at or slightly above the national average. In the latest quarter, Siloam Springs's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.
Relative to Arkansas, our data show that Siloam Springs's latest annual appreciation rate is lower than 70% 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 Siloam Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Siloam Springs - 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 Siloam Springs real estate investment or home purchase decisions.
$301,368
for Arkansas
for nation
6,498
$1,479 / per month