Apache Junction, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Apache Junction Neighborhoods Since 2000




Apache Junction, AZ Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Apache Junction Housing Market Information

With a population of 38,074, 15,933 total housing units (homes and apartments), and a median house value of $113,581, house prices in Apache Junction are solidly below the national average.

Mobile homes or trailers are the single most common housing type in Apache Junction, accounting for 49.87% of the city's housing units. Other types of housing that are prevalent in Apache Junction include single-family detached homes ( 36.57%), large apartment complexes or high rise apartments ( 5.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.48%).

Dwellings in Apache Junction tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 66.69% of the homes in Apache Junction have two or fewer bedrooms.

There is a lot of housing in Apache Junction 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 Apache Junction built between 2000 and later ( 24.96%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.48%).

Vacant housing appears to be an issue in Apache Junction. Fully 26.80% of the housing stock is classified as vacant. Left unchecked, vacant Apache Junction homes and apartments can be a drag on the real estate market, holding Apache Junction 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.

Apache Junction Home Appreciation Rates

Homes have actually lost value in Apache Junction over the last then years, as home values have seen a decline of 23.01% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Apache Junction home appreciation rates at 2.04%, which equates to an annual appreciation rate of 8.40%.

Appreciation rates are so strong in Apache Junction that despite a nationwide downturn in the housing market, Apache Junction real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Apache Junction appreciation rates continue to be some of the highest in America, at 12.94%, which is higher than appreciation rates in 98.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Apache Junction. Apache Junction appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.40%.

Importantly, this makes Apache Junction 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 Apache Junction's latest annual appreciation rate is higher than 90% 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 city. Individual neighborhoods within Apache Junction differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Apache Junction - 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 2000, to assist you in making the best Apache Junction real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$113,581

Apache Junction, AZ HOME PRICES

Value Range
> $1,454,000 1.8
$1,091,001 - $1,454,000 0.0
$727,001 - $1,091,000 0.7
$582,001 - $727,000 1.2
$436,001 - $582,000 1.2
$291,001 - $436,000 3.9
$145,001 - $291,000 30.5
$73,001 - $145,000 26.9
$0 - $73,000 33.8

Low for AZ
Low for Nation

Value Relative to Nation Value Relative to State
69.1960623461854 64.8648648648649

Number Of Homes And Apartments:
15,933

Apache Junction Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AZ*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
52.69% 2.48% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,046 / per month

Homeownership Rate

Homeownership
Owners 70.93
Renters 29.07
Vacant 26.80

Housing Market Details

 

Age of Homes

AGE OF Apache Junction HOMES
2000 or Newer 25.0
1970 - 1999 66.3
1940 - 1969 8.5
1939 or Older 0.3

Types of Homes

TYPE OF Apache Junction HOMES
Single-Family 36.6
Townhomes 1.3
Small Apt. Buildings 4.5
Apt. Complexes 5.2
Mobile Homes 49.9
Other 2.7

Home Size

SIZE OF Apache Junction HOMES
No Bedroom 1.46
1 Bedroom 28.95
2 Bedrooms 36.28
3 Bedrooms 26.80
4 Bedrooms 5.67
5 or more bedrooms 0.84