Show Low appreciation rates and housing market information
Show Low housing market information
With a population of 10,773, 4,368 total housing units (homes and apartments), and a median house value of $147,014, 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 52.67% of the city's housing units. Other types of housing that are prevalent in Show Low include mobile homes or trailers (33.54%), large apartment complexes or high rise apartments (6.13%), and a few duplexes, homes converted to apartments or other small apartment buildings (4.66%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Show Low. Owner-occupied housing accounts for 66.56% of Show Low's homes, and 49.08% have either three or four bedrooms, which is average sized relative to America.
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 (34.13%). A lesser amount of the housing stock also hails from between 1940-1969 (7.22%).
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
Appreciation rates for homes in Show Low have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 33.88%, which ranks in the top 30% nationwide. This equates to an annual average Show Low house appreciation rate of 2.96%.
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 9.10%, which is higher than appreciation rates in 86.95% 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 3.50%, which equates to an annual appreciation rate of 14.76%.
Importantly, this makes Show Low one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Arizona, our data show that Show Low's latest annual appreciation rate is lower than 60% of the other cities and towns in Arizona.