Ajo appreciation rates and housing market information

Ajo housing market information

With 3,720 people, 2,490 houses or apartments, and a median cost of homes of $129,759, house prices in Ajo are solidly below the national average.

single-family detached homes are the single most common housing type in Ajo, accounting for 81.41% of the town's housing units. Other types of housing that are prevalent in Ajo include mobile homes or trailers (11.73%), row houses and other attached homes (2.85%), duplexes, homes converted to apartments, or other small apartment buildings (2.13%), and a few large apartment complexes or high rise apartments (0.60%).

Dwellings in Ajo tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 59.92% of the homes in Ajo have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Ajo's housing was primarily built during this period, from the '40s through the '60s. A full 50.00% of the town's housing hails from this era. Other housing ages represented in Ajo include homes built between 1970-1994 (28.92%), and housing constructed from 1939 and earlier (15.90%). There's also some housing in Ajo built between 1995 and later (5.18%).

Ajo home appreciation rates

In the last 10 years, Ajo has experienced some of the highest home appreciation rates of any community in the nation. Ajo real estate appreciated 116.34% over the last ten years, which is an average annual home appreciation rate of 11.63%, putting Ajo in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ajo definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Ajo appreciation rates have trailed the rest of the nation. In the last twelve months, Ajo's appreciation rate has been -6.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ajo were at 0.26%, which equates to an annual appreciation rate of 1.04%.

Relative to Arizona, our data show that Ajo's latest annual appreciation rate is higher than 59% of the other cities and towns in Arizona.