Clifton appreciation rates and housing market information

Clifton housing market information

With a population of 2,583, 1,114 total housing units (homes and apartments), and a median house value of $92,158,

single-family detached homes are the single most common housing type in Clifton, accounting for 84.92% of the town's housing units. Other types of housing that are prevalent in Clifton include mobile homes or trailers (9.25%), duplexes, homes converted to apartments, or other small apartment buildings (3.59%), and a few row houses and other attached homes (1.26%).

The most prevalent building size and type in Clifton are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 31.33% owning, and 52.33% renting.

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. Clifton's housing was primarily built during this period, from the '40s through the '60s. A full 48.83% of the town's housing hails from this era. Other housing ages represented in Clifton include homes built between 1970-1994 (29.62%), and housing constructed from 1939 and earlier (19.31%). There's also some housing in Clifton built between 1995 and later (2.24%).

Vacant housing appears to be an issue in Clifton. Fully 16.34% of the housing stock is classified as vacant. Left unchecked, vacant Clifton homes and apartments can be a drag on the real estate market, holding Clifton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Clifton home appreciation rates

Appreciation rates for homes in Clifton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.86%, which ranks in the top 20% nationwide. This equates to an annual average Clifton house appreciation rate of 10.28%.

Over the last year, Clifton appreciation rates have trailed the rest of the nation. In the last twelve months, Clifton's appreciation rate has been -0.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clifton were at -0.49%, which equates to an annual appreciation rate of -1.96%.

Notably, Clifton's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Arizona, our data show that Clifton's latest annual appreciation rate is higher than 83% of the other cities and towns in Arizona.