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 4,518, 1,663 total housing units (homes and apartments), and a median house value of $214,111, house prices in Dardanelle are solidly below the national average.
Single-family detached homes are the single most common housing type in Dardanelle, accounting for 77.88% of the city's housing units. Other types of housing that are prevalent in Dardanelle include large apartment complexes or high rise apartments ( 8.70%), duplexes, homes converted to apartments or other small apartment buildings ( 7.88%), and a few mobile homes or trailers ( 3.80%).
The most prevalent building size and type in Dardanelle are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.02% owning and 43.98% renting.
There is a lot of housing in Dardanelle 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 Dardanelle built between 1940-1969 ( 26.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.36%). There's also some housing in Dardanelle built before 1939 ( 8.37%).
Appreciation rates for homes in Dardanelle have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.77%, which ranks in the top 50% nationwide. This equates to an annual average Dardanelle house appreciation rate of 6.56%.
Appreciation rates are so strong in Dardanelle that despite a nationwide downturn in the housing market, Dardanelle real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dardanelle appreciation rates continue to be some of the highest in America, at 8.62%, which is higher than appreciation rates in 77.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dardanelle. Dardanelle 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 Dardanelle's latest annual appreciation rate is higher than 50% of the other cities and towns in Arkansas.
$214,111
for Arkansas
for nation
1,663
$1,408 / per month