Kayenta appreciation rates and housing market information

Kayenta housing market information

With 4,947 people, 1,455 houses or apartments, and a median cost of homes of $55,538, house prices in Kayenta are some of the most affordable in Arizona as well as the nation.

mobile homes or trailers are the single most common housing type in Kayenta, accounting for 44.81% of the town's housing units. Other types of housing that are prevalent in Kayenta include single-family detached homes (37.87%), duplexes, homes converted to apartments, or other small apartment buildings (11.55%), row houses and other attached homes (4.12%), and a few large apartment complexes or high rise apartments (1.03%).

People in Kayenta primarily live in small (one, two, or no bedroom) mobile homes or trailers. Kayenta has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Kayenta 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 Kayenta built from 1995 and later (20.41%). A lesser amount of the housing stock also hails from 1940-1969 (17.25%), and some were built from 1939 and earlier (17.25%).

Vacant housing appears to be an issue in Kayenta. Fully 13.20% of the housing stock is classified as vacant. Left unchecked, vacant Kayenta homes and apartments can be a drag on the real estate market, holding Kayenta 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.

Kayenta home appreciation rates

In the last 10 years, Kayenta has experienced some of the highest home appreciation rates of any community in the nation. Kayenta real estate appreciated 209.23% over the last ten years, which is an average annual home appreciation rate of 20.92%, putting Kayenta in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kayenta definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Kayenta that despite a nationwide downturn in the housing market, Kayenta real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kayenta appreciation rates continue to be some of the highest in America, at 9.76%, which is higher than appreciation rates in 99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kayenta. Kayenta appreciation rates in the latest quarter were at 2.16%, which equates to an annual appreciation rate of 8.64%.

Importantly, this makes Kayenta one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Arizona, our data show that Kayenta's latest annual appreciation rate is higher than 100% of the other cities and towns in Arizona.