West Point Arkansas Area Home Supply Charts

This page looks at a variety of West Point Arkansas housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. West Point depicts it has a Housing Units of 47 which is the smallest in order of housing units of all the other places in the local area.

Figure 2 illustrates the housing density in the West Point housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) West Point depicts it has a Housing Density of 115.7 which is the smallest when sorted by housing density of all the other places in the metro area. The city with the highest housing density in the area is Searcy which depicts a density of 514.3 (approximately 4.4 times bigger). Comparing housing density to the United States average of 38.9, West Point is approximately 3.0 times bigger. Also, in comparison with the state of Arkansas, housing density of 26.3, West Point is approximately 4.4 times bigger.

In Figure 4, West Point area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. West Point shows it has a Housing Unit Change of -23.0% which is the smallest when sorted by change in the housing units of all the other places in the surrounding region. The city with the highest change in the housing units in the area is Kensett which depicts a housing units of 11.5% ( about the same size). Comparing change in the housing units to the United States average of 5.7%, West Point is approximately 4.0 times bigger. Also, compared to the state of Arkansas, change in the housing units of 4.1%, West Point is markedly bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) West Point depicts it has a Renter Percent of 40.9% which is less than most other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 59.1% which is the third most of all other places in the local area.

West Point Arkansas Home Cost Charts

Looking at the housing data provided in Figure 7, the average West Point home price is illustrated for this community and a useful analysis of affordable housing. West Point depicts it has a Median Home Value of $86,700 which is in the mid range of other places in the greater region. The city with the highest median home price in the area is Searcy which depicts a home price of $145,000 (67.2% larger). Figure 8 provides aggregate comparative data for the West Point Arkansas metro area in terms of the median housing rental rate, apartment rent, etc. West Point depicts it has a Median Gross Rent of $785 which is the highest of all places in the greater West Point region. Comparing rental rates to the United States average of $1,062, West Point is approximately three-fourths the size. Also, benchmarked against the state of Arkansas, rental rates of $745, West Point is only about 5.4% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. West Point has the percentage of home price worth less than $50,000 in the mid point range of other places in the local area at 38% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. West Point depicts it has a Median Owner Cost of $400 which is the second smallest when sorted by median ownership cost of all the other places in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the West Point metro area. it has a Owner Cost as % of HH Income of 15% which is in the mid point range of other places in the local area.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. West Point shows it has a Median Home Value as Percent of Median Earnings of 326% which is the second most median home value as a percent of median worker earnings of all the places in the greater West Point region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) West Point shows it has a Median Owner Costs-With Mortgage of $750 which is the second smallest when sorted by median housing cost of all the other places in the greater region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $333 which is the third most median housing cost of all other places in the greater West Point region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. West Point has the largest proportion of owner cost less than $300 at 46% of the total and is ranked #1. Second, it has the second smallest as measured by owner cost less than $300 of all the other places in the metro area in order of owner cost between $300 and $500 at 8% of the total. Third, it has the second smallest in order of owner cost less than $300 of all the other places in the surrounding region in order of owner cost between $500 and $700 at 8% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) West Point shows it has a % of Income Owner Costs-With Mortgage of 22% which is the second most cost as a percent of household income of all the places in the greater West Point region. The city with the highest cost as a percent of household income in the area is Griffithville which depicts a cost as a percent of household income of 42% (about twice as large). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. West Point depicts it has a % of Income Owner Costs-No Mortgage of 14% which is the second most of all the places in the greater region. The city with the highest cost as a percent of household income in the area is Kensett which shows a cost as a percent of household income of 15% (only about 4.2% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) West Point has the percentage of rent as a percent of income is less than 10 pct the second smallest when sorted by rent as a percent of income is less than 10 pct of all the other places in the metropolitan area at 17% of the total. Second, it has the second smallest when sorted by rent as a percent of income is less than 10 pct of all the other places in the greater region when ranked by rent as a percent of income is between 10pct to 20pct at 17% of the total. Third, it has the largest proportion of rent as a percent of income is between 40pct to 50pct at 44% of the total and is ranked #1.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. West Point has the smallest proportion of housing cost between $300 and $500 at 5% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $199 which is the smallest as measured by median real estate taxes paid of all the other places in the greater region. The city with the highest median real estate taxes paid in the area is Searcy which depicts a taxes paid of $715 (approximately 3.6 times bigger). Comparing median real estate taxes paid to the United States average of $2,471, West Point is approximately a twelfth the size. Also, in comparison with the state of Arkansas, median real estate taxes paid of $798, West Point is approximately a quarter the size.

Figure 23 shows the rental rate distribution for this area. West Point Arkansas has the largest proportion of rent between 500 and 750 dollars at 56% of the total and is ranked #1. Second, it has the largest proportion of rent between 750 and 1000 dollars at 22% of the total and is ranked #1.

West Point Arkansas Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. West Point has the percentage of both 2nd mortgage and heloc the second smallest in terms of with mortgage of all the other places in the local area at 31% of the total. Second, it has one of the largest proportions of no 2nd mortgage and no heloc at 69% of the total and is ranked #2. The only larger city being Griffithville with 70%.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. West Point has one of the largest proportions of houses with mortgages at 69% of the total and is ranked #2. The only larger city being Griffithville with 70%.

West Point Arkansas Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.7 which is the smallest when sorted by family members per housing unit of all the other places in the greater region. The city with the highest family members per housing unit in the area is Higginson which depicts a family members per housing unit of 3.7 (34.0% larger). Comparing family members per housing unit to the United States average of 3.3, West Point is about 21.6% smaller. Also, versus the state of Arkansas, family members per housing unit of 3.2, West Point is about 16.3% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 4.8 which is the smallest when ranked by average number of rooms in a house of all the other places in the metro area. The city with the highest average number of rooms in a house in the area is Higginson which depicts an average number of rooms in a house of 5.5 (14.6% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1992 which is the second most year built of all the places in the greater West Point region. The city with the highest year built in the area is Higginson which depicts a year built of 1996 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the smallest proportion of homes built between 2010 to 2013 at 11% of the total. Second, it has the largest proportion of homes built between 2000 to 2009 at 43% of the total and is ranked #1. Third, it has the largest proportion of homes built between 1970 to 1979 at 23% of the total and is ranked #1. Also, it has the largest proportion of homes built between 1950 to 1959 at 11% of the total and is ranked #1.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the smallest proportion of owner housing units at 18 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of 50 or more units at 34% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 1960 to 1969 at $83,300 of the total and is ranked #2. The only larger city being Searcy with $113,000.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. has the smallest proportion of occupied housing units at 6% of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for West Point residents. it has a Owner-Household Size of 2.2 which is the smallest when sorted by homeowner household size of all the other places in the local area. The city with the highest homeowner household size in the area is Higginson which depicts a homeowner household size of 2.8 (25.6% larger).

Figure 37 shows the household size for renters. West Point shows it has a Renter-Household Size of 2.8 which is the second most renter household sizes of all the places in the greater West Point region. The city with the highest renter household size in the area is Higginson which shows a renter household sizes of 4.1 (43.5% larger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2000 to 2009 at 28% of the total and is ranked #2. The only larger city being Kensett with 31%. Figure 39 shows the year that people who rent moved into the area. West Point has one of the largest proportions of renters moved in 2017 or later at 31% of the total and is ranked #3. Only #2 Judsonia (38%), and #1 Searcy (38%) are larger. Second, it has one of the largest proportions of renters moved in 2015 to 2016 at 53% of the total and is ranked #2. The only larger city being Higginson with 54%. Third, it has one of the largest proportions of renters moved in 2010 to 2014 at 16% of the total and is ranked #2. The only larger city being Griffithville with 18%.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2000 which is less than most other places in the local area. Figure 41 compares the median year that renters moved into their home. West Point depicts it has a Renter Median Year Moved In of 2013 which is the second smallest in order of median year that a renter moved in of all the other places in the surrounding region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas the second smallest as measured by homes using natural gas of all the other places in the local area at 43% of the total.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the West Point housing department, Arkansas department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. West Point depicts it has a Total In Group Quarters of 51 which is the third most of all other places in the area.

Figure 44 shows the percentage of people who are living in group quarters to the total population for West Point residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) West Point has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.