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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Arizona City, AZ Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Arizona City, AZ Housing Market Trends

With 9,868 people, 3,685 houses or apartments, and a median cost of homes of $238,793, house prices in Arizona City are solidly below the national average.

Single-family detached homes are the single most common housing type in Arizona City, accounting for 69.08% of the town's housing units. Other types of housing that are prevalent in Arizona City include mobile homes or trailers ( 15.39%), duplexes, homes converted to apartments or other small apartment buildings ( 8.74%), and a few large apartment complexes or high rise apartments ( 3.68%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Arizona City. Owner-occupied housing accounts for 76.07% of Arizona City's homes, and 69.59% have either three or four bedrooms, which is average sized relative to America.

Arizona City homes and real estate are some of the newest in America. 58.31% of Arizona City's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Arizona City real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.95%), and between 1940-1969 ( 5.74%).

Vacant housing appears to be an issue in Arizona City. Fully 19.31% of the housing stock is classified as vacant. Left unchecked, vacant Arizona City homes and apartments can be a drag on the real estate market, holding Arizona 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.

Arizona City Home Appreciation Rates

In the last 10 years, Arizona City has experienced some of the highest home appreciation rates of any community in the nation. Arizona City real estate appreciated 189.21% over the last ten years, which is an average annual home appreciation rate of 11.20%, putting Arizona City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Arizona City 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, Arizona City appreciation rates have trailed the rest of the nation. In the last twelve months, Arizona City's appreciation rate has been -2.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Arizona City were at 0.45%, which equates to an annual appreciation rate of 1.81%.

Relative to Arizona, our data show that Arizona City's latest annual appreciation rate is lower than 80% of the other cities and towns in Arizona.

Average Home Values

Median Home Value

$238,793

Arizona City, AZ Home Prices
> $1,304,000
$978,001 - $1,304,000
$652,001 - $978,000
$522,001 - $652,000
$391,001 - $522,000
$261,001 - $391,000
$130,001 - $261,000
$65,001 - $130,000
$0 - $65,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.8%
0.8%
8.9%
8.9%
33.0%
33.0%
41.1%
41.1%
10.0%
10.0%
6.3%
6.3%
0% 100.0%
% of Homes
Average

for Arizona

Average

for nation

Number of Homes And Apartments:

3,685

Arizona City Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,760 / per month

Homeownership Rate

Owners
Renters
76.1%
76.1%
23.9%
23.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
19.3%
19.3%
80.7%
80.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
58.3%
58.3%
36.0%
36.0%
5.7%
5.7%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.1%
69.1%
3.1%
3.1%
8.7%
8.7%
3.7%
3.7%
15.4%
15.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
7.2%
7.2%
19.6%
19.6%
56.5%
56.5%
13.1%
13.1%
2.2%
2.2%
0% 100.0%
% of Homes

Popular Communities Near Arizona City, AZ

Zip Codes in Arizona City, AZ