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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



San Luis, AZ Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

San Luis, AZ Housing Market Trends

With 35,770 people, 8,846 houses or apartments, and a median cost of homes of $280,059, San Luis real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in San Luis, accounting for 72.55% of the city's housing units. Other types of housing that are prevalent in San Luis include mobile homes or trailers ( 17.90%), large apartment complexes or high rise apartments ( 5.56%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.98%).

The most prevalent building size and type in San Luis are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.22% owning and 41.78% renting.

San Luis homes and real estate are some of the newest in America. 56.47% of San Luis's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the San Luis real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.02%), and between 1940-1969 ( 6.15%). There's also some housing in San Luis built before 1939 ( 1.36%).

San Luis Home Appreciation Rates

In the last 10 years, San Luis has experienced some of the highest home appreciation rates of any community in the nation. San Luis real estate appreciated 123.49% over the last ten years, which is an average annual home appreciation rate of 8.37%, putting San Luis in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, San Luis definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, San Luis appreciation rates have trailed the rest of the nation. In the last twelve months, San Luis's appreciation rate has been 2.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in San Luis were at -0.17%, which equates to an annual appreciation rate of -0.66%.

Relative to Arizona, our data show that San Luis's latest annual appreciation rate is higher than 50% 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 city. Individual neighborhoods within San Luis differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Luis - 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 2000, to assist you in making the best San Luis real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$280,059

San Luis, AZ Home Prices
> $1,417,000
$1,063,001 - $1,417,000
$709,001 - $1,063,000
$567,001 - $709,000
$425,001 - $567,000
$283,001 - $425,000
$142,001 - $283,000
$71,001 - $142,000
$0 - $71,000
0.1%
0.1%
1.3%
1.3%
3.4%
3.4%
3.4%
3.4%
5.7%
5.7%
25.8%
25.8%
51.3%
51.3%
6.1%
6.1%
3.0%
3.0%
0% 100.0%
% of Homes
Average

for Arizona

Average

for nation

Number of Homes And Apartments:

8,846

San Luis Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,738 / per month

Homeownership Rate

Owners
Renters
58.2%
58.2%
41.8%
41.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.4%
3.4%
96.6%
96.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
56.5%
56.5%
36.0%
36.0%
6.1%
6.1%
1.4%
1.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.6%
72.6%
0.0%
0.0%
4.0%
4.0%
5.6%
5.6%
17.9%
17.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
7.9%
7.9%
4.8%
4.8%
10.5%
10.5%
58.6%
58.6%
17.2%
17.2%
0.9%
0.9%
0% 100.0%
% of Homes

Popular Communities Near San Luis, AZ

Zip Codes in San Luis, AZ