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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
Single-family detached homes are the single most common housing type in Ajo, accounting for 82.35% of the town's housing units. Other types of housing that are prevalent in Ajo include mobile homes or trailers ( 11.75%), large apartment complexes or high rise apartments ( 5.00%).
People in Ajo primarily live in small (one, two or no bedroom) single-family detached homes. Ajo has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Ajo's housing was primarily built during this period, from the '40s through the '60s. A full 43.25% of the town's housing hails from this era. Other housing ages represented in Ajo include homes built between 1970-1999 ( 34.58%) and housing constructed before 1939 ( 18.23%). There's also some housing in Ajo built between 2000 and later ( 3.93%).
Vacant housing appears to be an issue in Ajo. Fully 31.05% of the housing stock is classified as vacant. Left unchecked, vacant Ajo homes and apartments can be a drag on the real estate market, holding Ajo 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.
Homes have actually lost value in Ajo over the last then years, as home values have seen a decline of 47.37% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ajo home appreciation rates at 0.60%, which equates to an annual appreciation rate of 2.42%.
Over the last year, Ajo appreciation rates have trailed the rest of the nation. In the last twelve months, Ajo's appreciation rate has been -16.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ajo were at 0.60%, which equates to an annual appreciation rate of 2.42%.
Relative to Arizona, our data show that Ajo's latest annual appreciation rate is lower than 90% of the other cities and towns in Arizona.
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Ajo HOMES|
|2000 or Newer||3.9|
|1970 - 1999||34.6|
|1940 - 1969||43.3|
|1939 or Older||18.2|
|TYPE OF Ajo HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Ajo HOMES|
|5 or more bedrooms||0.89|