Sun City appreciation rates and housing market information

Sun City housing market information

With 38,155 people, 27,584 houses or apartments, and a median cost of homes of $181,557, Sun City real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Sun City, accounting for 59.88% of the town's housing units. Other types of housing that are prevalent in Sun City include row houses and other attached homes (24.41%), large apartment complexes or high rise apartments (10.51%), and a few duplexes, homes converted to apartments, or other small apartment buildings (4.89%).

Dwellings in Sun City tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 78.22% of the homes in Sun City have two or fewer bedrooms.

There is a lot of housing in Sun City 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 Sun City built from 1940-1969 (29.90%). A lesser amount of the housing stock also hails from 1995 and later (2.01%), and some were built from 1939 and earlier (2.01%).

Vacant housing appears to be an issue in Sun City. Fully 15.05% of the housing stock is classified as vacant. Left unchecked, vacant Sun City homes and apartments can be a drag on the real estate market, holding Sun City 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.

Sun City home appreciation rates

Sun City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sun City during the period has been just 6.03%, which is lower than % of US communities.

Over the last year, Sun City appreciation rates have trailed the rest of the nation. In the last twelve months, Sun City's appreciation rate has been -19.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sun City were at -1.80%, which equates to an annual appreciation rate of -7.20%.

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

Relative to Arizona, our data show that Sun City's latest annual appreciation rate is higher than 1% 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 town. Individual neighborhoods within Sun City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sun City - 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 1990, to assist you in making the best Sun City real estate investment or home purchase decisions.