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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.



Benson, 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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

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

Benson, AZ Housing Market Trends

With 5,352 people, 2,285 houses or apartments, and a median cost of homes of $166,437, house prices in Benson are solidly below the national average.

Single-family detached homes are the single most common housing type in Benson, accounting for 46.09% of the city's housing units. Other types of housing that are prevalent in Benson include mobile homes or trailers ( 36.81%), large apartment complexes or high rise apartments ( 8.83%), and a few row houses and other attached homes ( 2.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Benson. Owner-occupied housing accounts for 66.03% of Benson's homes, and 50.86% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Benson 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 Benson built between 1940-1969 ( 22.63%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.30%). There's also some housing in Benson built before 1939 ( 4.64%).

Vacant housing appears to be an issue in Benson. Fully 21.53% of the housing stock is classified as vacant. Left unchecked, vacant Benson homes and apartments can be a drag on the real estate market, holding Benson 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.

Benson Home Appreciation Rates

Appreciation rates for homes in Benson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 84.43%, which ranks in the top 50% nationwide. This equates to an annual average Benson house appreciation rate of 6.31%.

NeighborhoodScout's data show that during the latest twelve months, Benson's appreciation rate, at 4.57%, has been at or slightly above the national average. In the latest quarter, Benson's appreciation rate has been 2.42%, which annualizes to a rate of 10.05%.

Relative to Arizona, our data show that Benson's latest annual appreciation rate is higher than 70% of the other cities and towns in Arizona.

Average Home Values

Median Home Value

$166,437

Benson, AZ Home Prices
> $1,569,000
$1,176,001 - $1,569,000
$784,001 - $1,176,000
$627,001 - $784,000
$471,001 - $627,000
$314,001 - $471,000
$157,001 - $314,000
$78,001 - $157,000
$0 - $78,000
0.0%
0.0%
0.3%
0.3%
4.8%
4.8%
1.7%
1.7%
1.3%
1.3%
11.6%
11.6%
40.9%
40.9%
12.6%
12.6%
26.7%
26.7%
0% 100.0%
% of Homes
Low

for Arizona

Low

for nation

Number of Homes And Apartments:

2,285

Benson Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,344 / per month

Homeownership Rate

Owners
Renters
Vacant
66.0%
66.0%
34.0%
34.0%
21.5%
21.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.3%
20.3%
52.4%
52.4%
22.6%
22.6%
4.6%
4.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
46.1%
46.1%
2.8%
2.8%
2.4%
2.4%
8.8%
8.8%
36.8%
36.8%
3.1%
3.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.1%
1.1%
8.9%
8.9%
39.2%
39.2%
43.8%
43.8%
7.0%
7.0%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Benson

Popular Communities Near Benson, AZ

Zip Codes in Benson, AZ