Jun 22, 2021 - Real Estate
Mapped: The spike in home prices in Northwest Arkansas
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Everyone's talking about home prices, for good reason. The average home value in NWA is approaching a quarter-million dollars, at $238,660.
What's happening: In the last five years, average home prices in NWA have gone up as much as 100%, according to data from Zillow.
- In most ZIP codes, home values are up between 40% and 60% from 2016.
Areas with with the biggest increases from April 2016 to April 2021:
- Sulphur Springs: 100%, from $82,633 to $165,298.
- Summers: 79%, from $134,412 to $240,637.
- Decatur: 73.7%, from $104,281 to $181,183.
- Maysville: 70.7%, from $138,209 to $236,040.
- Bella Vista: 62.7%, from $141,296 to $229,966.
State of play: Much of that growth has happened in the past year, according to Zillow's latest Market Report for the Northwest Arkansas metro area.
- The typical home value in NWA is up 18.5% over last May; the national average is 13.2%.
Go deeper: There's an interactive version of the map above on our website, so you can see just how much things have changed in your own ZIP code.