Show Low appreciation rates and housing market information
Show Low housing market information
With a population of 10,657, 4,368 total housing units (homes and apartments), and a median house value of $115,460, Show Low 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 Show Low, accounting for 47.43% of the city's housing units. Other types of housing that are prevalent in Show Low include mobile homes or trailers (35.77%), large apartment complexes or high rise apartments (7.88%), and a few duplexes, homes converted to apartments or other small apartment buildings (6.96%).
Dwellings in Show Low tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.87% of the homes in Show Low have two or fewer bedrooms.
There is a lot of housing in Show Low built from 1970 to 1999 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 Show Low built between 2000 and later (30.26%). A lesser amount of the housing stock also hails from between 1940-1969 (7.52%).
A decent proportion of the Show Low housing stock is seasonally occupied. That is, homes and condos in Show Low are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Show Low housing market speaks to its popularity as a vacation location of choice.
Show Low home appreciation rates
Homes have actually lost value in Show Low over the last then years, as home values have seen a decline of 30.08% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Show Low home appreciation rates at -0.30%, which equates to an annual appreciation rate of -1.19%.
Appreciation rates are so strong in Show Low that despite a nationwide downturn in the housing market, Show Low real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Show Low appreciation rates continue to be some of the highest in America, at 2.32%, which is higher than appreciation rates in 71.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Show Low. Show Low appreciation rates in the latest quarter were at -0.30%, which equates to an annual appreciation rate of -1.19%.
Relative to Arizona, our data show that Show Low's latest annual appreciation rate is lower than 70% of the other cities and towns in Arizona.