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Arkansas real estate

Arkansas – Excited Homebuyers, Happy Realtors

It’s a basic law of physics – what goes up must come down. Luckily for Arkansas, the Natural State’s home prices didn’t climb as high as other states’ did during the boom (like California and Florida, to name a few), so its home values didn’t plummet as far when the housing bubble burst. That means homeowners here have more latitude to sell now, without the fear of being trapped by underwater mortgages…

…And that has realtors around Arkansas smiling!

In fact, the number of homes for sale in Arkansas has been climbing steadily since 2011. By the end of 2012, the total value of home sales here accounted for more than $228 million. That’s 25% more than what sellers were getting in 2010, so the housing market here is clearly headed in the right direction!

Out of Arkansas’ most populated areas, the city seeing the biggest strides is Jonesboro. Between November 2011 and November 2012, the number of home sales in Jonesboro went up more than 18%. Realtors in northeast Arkansas were especially-happy to close out 2012 with strong numbers, since the 4th quarter is typically the slowest time of year. Instead, though, the number of end-of-year sales here were higher than they’ve been in a long time!

Realtors over in northeast Arkansas have been busy, too! In fact, the number of home purchases in 2012 in Washington and Benton counties totaled more than one billion dollars in sales for the first time since 2008.

Ft. Smith had a rougher go of it in 2012. Thanks to a number of job losses – including the closing of Whirlpool – “economic stability” wasn’t the name of the game here. However, realtors in Ft. Smith say the local housing market fared better than you might think. The number of home sales was down, but residential construction is moving forward. So, expect to see a variety of new homes for sale in Ft. Smith in 2013!

So, how are things going in Arkansas’ biggest city, Little Rock?

Not only are more homes selling in Pulaski County, but they’re selling faster than they have in years past. According to realtors in central Arkansas, the quality homes for sale in the Little Rock area are getting scooped up by buyers within 30 days of being listed.

As an added benefit, these homes are also selling for higher prices! Realtors in central Arkansas compare the upswing in buying almost to a “cabin fever” of sorts. Since people have been so afraid to buy homes for so long – and may not have been able to afford new homes for so long – they’re excited to go out and do it now.

And, hopefully, that trend will continue!

Living in Arkansas

In search of a place to live filled with history, adventure, as well as scenic beauty? Then you’re in search of a place like Arkansas!

Its name comes from the Quapaw Indians, who once lived on the west side of the Mississippi River. And, thanks to Arkansas’ location, you can count on summers that are hot and humid and winters that are cold and dry. Snow is pretty uncommon, but you might find a little bit in the northern part of the state.

Here are some of Arkansas’ fast facts:

  • What is the population of Arkansas?
  • The population of Arkansas is 2,949,131
  • What is the capital of Arkansas?
  • The capital of Arkansas is Little Rock
  • What is the largest city in Arkansas?
  • The largest city is Little Rock

While early industries in Arkansas included agriculture and fur trading, commerce today also includes forestry, mining and manufacturing. Arkansas is deemed the largest producer of rice in the country and ranks high in the production of cotton, pullet and broilers. Tourism also plays a vital part in this economy.

From Civil War battlefields, to Native American mound sites and national forests, there are plenty of educational and leisure activities available here!

If you are adventurous, a trip to the West Central Ouachita Mountains or the Arkansas Ozarks in Northwest Arkansas is a must. The highest point in the state is Mount Magazine, located in the Ouachita Mountains. But even at lower levels, the natural beauty of unspoiled lakes, rivers, will inspire you. In fact, it won’t take long to see why this state was nicknamed “The Natural State”!

Want to spend your free time doing something totally unique? Take the kids to the striking limestone caves of the Ozarks and check out the crystals, fossils, blind trout, and salamanders.

Or, spend a weekend at each of Arkansas’ 52 beautiful state parks. You could spend an entire year seeing them all!

To learn a little bit more about American history, visit the William Jefferson Clinton Presidential Library in Little Rock. The museum contains many artifacts from Clinton’s presidency, as well as full-scale replicas of the Oval Office and Cabinet Room reflecting his time in the White House.

Who knew you could learn so much without leaving home?!

This is the Census data for Arkansas

Population

Total population estimate for Arkansas (July 1) 2012
2,949,131
Total population change for Arkansas- April 1, 2010 to July 1, 2012
1.1%

Age

Percentage of the population that's under 5 years old in Arkansas, 2011
6.7%
Percentage of the population that's under 18 years years old in Arkansas, 2011
24.2%
Percentage of the population that's 65 years and over Arkansas, 2011
14.6%

Gender

Percentage of the population that are females in Arkansas, 2011
50.9%

Race breakdown for Arkansas in percentages

White alone, 2011
80.1%
Black alone, 2011
15.6%
American Indian and Alaska Native alone,2011
0.9%
Asian alone, percent, 2011
1.3%
Native Hawaiian and Other Pacific Islander alone, 2011
0.2%
Two or more races, 2011
1.8%
Hispanic or Latino Origin, 2011
6.6%
Not Hispanic, White alone, 2011
74.2%

A little more about the residents of Arkansas

Percentage of residents who lived in the same house 1 year ago, 2007-2011
82.4%
Percent of residents who are foreign born 2007-2011
4.4%
Percent speaking a language other than English at home, 2007-2011
6.9%

Education

Percent high school graduates or higher for residents 25 years old and over in Arkansas, 2007-2011
82.7%
Percent with a bachelor's degree or higher for residents 25 years old and over in Arkansas, 2007-2011
19.6%

Veterans

Total number of Veterans living in Arkansas 2007-2011
245,969

Communting

The average travel time to work for workers in Arkansas (16 years and over not working at home), 2007-2011
21.2 mins

Real estate stats in Arkansas

Housing unit estimates, 2011
1,324,369
Owner-occupied housing units - percent of total occupied housing units, 2007-2011
67.5%
Housing units by units in structure - multi-dwelling structure, percent, 2007-2011
15.2%
Median value of specified owner-occupied housing units, 2007-2011
$105,100.00
Households, 2007-2011
1,121,386
Average household size, 2007-2011
2.51

Income

Per capita income for Arkansas in the past 12 months (in 2011 inflation-adjusted dollars), 2007-2011
$21,833.00
Median household income in Arkansas, 2007-2011
$40,149.00
Percentage of people living in poverty in Arkansas 2007-2011
18.4%

Business and commerce info for Arkansas

Private nonfarm establishments, 2010
65,158
Private nonfarm employment for pay period including March 12, 2010
965,474
Private nonfarm employment for pay period including March 12, 2010, percent change, 2000-2010
-2.6%
Total number of businesses in Arkansas, 2007
238,994
Percentage of Black-owned businesses in Arkansas, 2007
5.5%
Percentage of American Indian- and Alaska Native-owned businesses in Arkansas , 2007
1.1%
Percentage of Asian-owned businesses in Arkansas, 2007
1.4%
Percentage of Native Hawaiian- and Other Pacific Islander-owned businesses in Arkansas, 2007
0.1%
Percentage of Hispanic-owned businesses in Arkansas, 2007
2.3%
Percentage of Women-owned businesses in Arkansas, 2007
24.5%

Land size and population

Size of Arkansas in Square Miles, 2010
52,035.48 mi²
Population per square mile in Arkansas, 2010
56.0

Arkansas real estate

[Not Specified]

Antoine

Beech Grove

Bella Vista

Bentonville

Black Oak

Black Rock

Blevins

Bluffton

Blytheville

Botkinburg

Boydsville

Buffalo City

Caddo Valley

Cammack Village

Carthage

Cave City

Cave Springs

Centerton

Cherokee City

Cherry Valley

Clarksville

College Station

Concord

Corning

Cozahome

Crabtree

Cross Roads

Cushman

De Queen

De Valls Bluff

Delight

Dermott

Diamondhead

Dumascus

Eureka Springs

Evening Shade

Fairview

Fayetteville

Fendley

Forrest City

Fort Smith

Fountain Lake

Franklin

Gainsville

George Town

Glen Rose

Grannis

Green Forest

Greenwood

Griffithville

Hagarville

Hattieville

Hermitage

Hickory Plains

Hickory Ridge

Holly Grove

Huntsville

Jacksonport

Jerusalem

Kingsland

Knoxville

Lake Village

Lewisville

Little Flock

Locust Grove

Magnet Cove

Mammoth Springs

Marble Falls

Marianna

Marked Tree

Maynard

McDougal

McGehee

Menifee

Mount Judea

Mount Pleasant

Mountain Pine

Mt Pleasnt

Mtn. Pine

New Edinburg

New Hope

Newnata

Okolona

Outside Area (Outside Ca)

Ozark Acres

Patterson

Pea Ridge

Pencil Bluff

Pine Ridge

Pineville

Pleasant Grove

Pleasant Plains

Plesant Plains

Plummerville

Possum Grape

Poughkeepsie

Powhatan

Prairie Grove

Prattsville

Prescott

Ravenden Springs

Rea Valley

Reydell

Russell

Saint Francis

Scranton

Shannon Hills

Show Low

Smithville

Snow Lake

Solgohachia

Sparkman

Springdale

Springfield

Strawberry

Stuttgart

Sweet Home

Tuckerman

Twin Groves

Violet Hill

Waltreak

West Helena

Whiteville

Witt Springs

Witts Spring

Woodson

Wrightsville