Winkelman appreciation rates and housing market information

Winkelman housing market information

With 2,141 people, 6,766 houses or apartments, and a median cost of homes of $277,103, Winkelman real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Winkelman, accounting for 72.79% of the town's housing units. Other types of housing that are prevalent in Winkelman include mobile homes or trailers (22.10%), row houses and other attached homes (2.04%), large apartment complexes or high rise apartments (1.40%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.09%).

Dwellings in Winkelman tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 50.67% of the homes in Winkelman have two or fewer bedrooms.

There is a lot of housing in Winkelman 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 Winkelman built from 1995 and later (29.68%). A lesser amount of the housing stock also hails from 1940-1969 (19.13%), and some were built from 1939 and earlier (19.13%).

Vacant housing appears to be an issue in Winkelman. Fully 13.66% of the housing stock is classified as vacant. Left unchecked, vacant Winkelman homes and apartments can be a drag on the real estate market, holding Winkelman 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.

Winkelman home appreciation rates

In the last 10 years, Winkelman has experienced some of the highest home appreciation rates of any community in the nation. Winkelman real estate appreciated 224.74% over the last ten years, which is an average annual home appreciation rate of 22.47%, putting Winkelman in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Winkelman 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, Winkelman appreciation rates have trailed the rest of the nation. In the last twelve months, Winkelman's appreciation rate has been -2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Winkelman were at 2.30%, which equates to an annual appreciation rate of 9.20%.

Importantly, this makes Winkelman 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 Winkelman's latest annual appreciation rate is higher than 74% of the other cities and towns in Arizona.