West Memphis, AR Real Estate
According to census data in the year 2000 there were 11,016 housing units in West Memphis.
This represents a 4.9% growth from 10,505 in 1990.
Of those housing units, 10,955 were located in either urbanized areas or urban clusters, and 61 were located in what is classified as a rural area.
Homeownership rate in West Memphis is about 56.2%.
West Memphis's vacancy rate, including seasonal lodging, is about 8.7%.
Average household size is 2.71 people.
The majority of houses, apartments or condos in West Memphis were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 10.10% |
| Two Bedrooms | 35.20% |
| Three Bedrooms | 44.70% |
| Four Bedrooms | 7.60% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.84 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $63,700 |
| Median Price asked for vacant units | $63,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $336 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.70% |
| Home Equity Loan | 3.50% |
| Simple Mortgage | 56.80% |
| Debt Free | 33.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.8% |
