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
With a population of 11,354, 3,458 total housing units (homes and apartments), and a median house value of $127,887, 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 73.73% of the town's housing units. Other types of housing that are prevalent in Arizona City include duplexes, homes converted to apartments or other small apartment buildings ( 12.17%), mobile homes or trailers ( 10.21%), and a few row houses and other attached homes ( 2.76%).
The most prevalent building size and type in Arizona City are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.86% owning and 37.14% renting.
Arizona City homes and real estate are some of the newest in America. 54.07% 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 ( 42.42%), and between 1940-1969 ( 3.51%).
Vacant housing appears to be an issue in Arizona City. Fully 28.69% 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.
Homes have actually lost value in Arizona City over the last then years, as home values have seen a decline of 29.42% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Arizona City home appreciation rates at 2.04%, which equates to an annual appreciation rate of 8.40%.
Appreciation rates are so strong in Arizona City that despite a nationwide downturn in the housing market, Arizona City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Arizona City appreciation rates continue to be some of the highest in America, at 7.28%, which is higher than appreciation rates in 82.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Arizona City. Arizona City appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.40%.
Importantly, this makes Arizona City 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 Arizona City's latest annual appreciation rate is lower than 50% of the other cities and towns in Arizona.
|$994,001 - $1,325,000||0.0|
|$663,001 - $994,000||0.0|
|$530,001 - $663,000||0.0|
|$398,001 - $530,000||0.3|
|$265,001 - $398,000||3.7|
|$133,001 - $265,000||41.3|
|$66,001 - $133,000||42.8|
|$0 - $66,000||11.8|
|Value Relative to Nation||Value Relative to State|
|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 Arizona City HOMES|
|2000 or Newer||54.1|
|1970 - 1999||42.4|
|1940 - 1969||3.5|
|1939 or Older||0.0|
|TYPE OF Arizona City HOMES|
|Small Apt. Buildings||12.2|
|SIZE OF Arizona City HOMES|
|5 or more bedrooms||0.00|