Duncan appreciation rates and housing market information

Duncan housing market information

With 817 people, 387 houses or apartments, and a median cost of homes of $78,299, house prices in Duncan are some of the most affordable in Arizona as well as the nation.

single-family detached homes are the single most common housing type in Duncan, accounting for 51.42% of the town's housing units. Other types of housing that are prevalent in Duncan include mobile homes or trailers (34.88%), large apartment complexes or high rise apartments (7.49%), and a few duplexes, homes converted to apartments, or other small apartment buildings (5.17%).

Dwellings in Duncan tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 59.43% of the homes in Duncan have two or fewer bedrooms.

There is a lot of housing in Duncan built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Duncan built from 1940-1969 (25.06%). A lesser amount of the housing stock also hails from 1939 and earlier (18.35%), and some were built from 1995 and later (18.35%).

Vacant housing appears to be an issue in Duncan. Fully 22.22% of the housing stock is classified as vacant. Left unchecked, vacant Duncan homes and apartments can be a drag on the real estate market, holding Duncan 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.

Duncan home appreciation rates

Real estate appreciation rates in Duncan have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.46% during the period.

Over the last year, Duncan appreciation rates have trailed the rest of the nation. In the last twelve months, Duncan's appreciation rate has been -3.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Duncan were at -1.20%, which equates to an annual appreciation rate of -4.80%.

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

Relative to Arizona, our data show that Duncan's latest annual appreciation rate is higher than 69% of the other cities and towns in Arizona.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Duncan differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Duncan - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Duncan real estate investment or home purchase decisions.