Holbrook appreciation rates and housing market information

Holbrook housing market information

With a population of 4,953, 1,909 total housing units (homes and apartments), and a median house value of $116,639, house prices in Holbrook are solidly below the national average.

single-family detached homes are the single most common housing type in Holbrook, accounting for 57.36% of the city's housing units. Other types of housing that are prevalent in Holbrook include mobile homes or trailers (25.30%), large apartment complexes or high rise apartments (7.23%), duplexes, homes converted to apartments, or other small apartment buildings (6.97%), and a few row houses and other attached homes (2.67%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Holbrook. Owner-occupied housing accounts for 58.98% of Holbrook's homes, and 54.95% have either three or four bedrooms, which is average sized relative to America.

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. Holbrook's housing was primarily built during this period, from the '40s through the '60s. A full 47.30% of the city's housing hails from this era. Other housing ages represented in Holbrook include homes built between 1970-1994 (41.96%), and housing constructed from 1995 and later (5.76%). There's also some housing in Holbrook built between 1939 and earlier (4.98%).

Vacant housing appears to be an issue in Holbrook. Fully 14.15% of the housing stock is classified as vacant. Left unchecked, vacant Holbrook homes and apartments can be a drag on the real estate market, holding Holbrook 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.

Holbrook home appreciation rates

Real estate appreciation rates in Holbrook have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.58% during the period.

Over the last year, Holbrook appreciation rates have trailed the rest of the nation. In the last twelve months, Holbrook's appreciation rate has been -4.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Holbrook were at -1.42%, which equates to an annual appreciation rate of -5.68%.

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

Relative to Arizona, our data show that Holbrook's latest annual appreciation rate is higher than 65% of the other cities and towns in Arizona.