Fountain Hills appreciation rates and housing market information

Fountain Hills housing market information

With a population of 20,199, 10,498 total housing units (homes and apartments), and a median house value of $404,974, Fountain Hills house prices are not only among the most expensive in Arizona, Fountain Hills real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Fountain Hills, accounting for 66.36% of the town's housing units. Other types of housing that are prevalent in Fountain Hills include large apartment complexes or high rise apartments (12.06%), row houses and other attached homes (10.88%), and a few duplexes, homes converted to apartments, or other small apartment buildings (10.70%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Fountain Hills. Owner-occupied housing accounts for 68.94% of Fountain Hills's homes, and 60.41% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Fountain Hills 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 Fountain Hills built from 1995 and later (38.24%). A lesser amount of the housing stock also hails from 1940-1969 (.93%), and some were built from 1939 and earlier (.93%).

Vacant housing appears to be an issue in Fountain Hills. Fully 17.63% of the housing stock is classified as vacant. Left unchecked, vacant Fountain Hills homes and apartments can be a drag on the real estate market, holding Fountain Hills 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.

Fountain Hills home appreciation rates

Appreciation rates for homes in Fountain Hills have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 81.00%, which ranks in the top 40% nationwide. This equates to an annual average Fountain Hills house appreciation rate of 8.10%.

Over the last year, Fountain Hills appreciation rates have trailed the rest of the nation. In the last twelve months, Fountain Hills's appreciation rate has been -17.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fountain Hills were at -1.28%, which equates to an annual appreciation rate of -5.12%.

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

Relative to Arizona, our data show that Fountain Hills's latest annual appreciation rate is higher than 14% of the other cities and towns in Arizona.