Buckeye AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Buckeye, 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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Buckeye Housing Market Information

With a population of 74,370, 17,687 total housing units (homes and apartments), and a median house value of $236,044, Buckeye real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Buckeye, accounting for 92.82% of the town's housing units. Other types of housing that are prevalent in Buckeye include mobile homes or trailers ( 2.81%), large apartment complexes or high rise apartments ( 2.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.38%).

The most prevalent building size and type in Buckeye are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.58% owning and 35.42% renting.

Buckeye homes and real estate are some of the newest in America. 85.13% of Buckeye'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 Buckeye real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 11.19%), and between 1940-1969 ( 2.96%).

Vacant housing appears to be an issue in Buckeye. Fully 13.09% of the housing stock is classified as vacant. Left unchecked, vacant Buckeye homes and apartments can be a drag on the real estate market, holding Buckeye 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.

Buckeye Home Appreciation Rates

In the last 10 years, Buckeye has experienced some of the highest home appreciation rates of any community in the nation. Buckeye real estate appreciated 104.13% over the last ten years, which is an average annual home appreciation rate of 7.40%, putting Buckeye in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Buckeye definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Buckeye that despite a nationwide downturn in the housing market, Buckeye real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Buckeye appreciation rates continue to be some of the highest in America, at 5.39%, which is higher than appreciation rates in 76.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Buckeye. Buckeye appreciation rates in the latest quarter were at 1.01%, which equates to an annual appreciation rate of 4.11%.

Relative to Arizona, our data show that Buckeye's latest annual appreciation rate is lower than 60% 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 town. Individual neighborhoods within Buckeye differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Buckeye - 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 Buckeye real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$236,044

Buckeye, AZ HOME PRICES

Value Range
> $1,290,000 0.4
$967,001 - $1,290,000 0.5
$644,001 - $967,000 1.8
$516,001 - $644,000 3.3
$387,001 - $516,000 7.6
$258,001 - $387,000 25.8
$129,001 - $258,000 52.7
$65,001 - $129,000 4.3
$0 - $65,000 3.6

High for AZ
High for Nation

Value Relative to Nation Value Relative to State
30.6394160583942 30.0

Number Of Homes And Apartments:
17,687

Buckeye Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AZ*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
93.56% 3.36%
6
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,659 / per month

Homeownership Rate

Homeownership
Owners 64.58
Renters 35.42
Vacant 13.09

Housing Market Details

 

Age of Homes

AGE OF Buckeye HOMES
2000 or Newer 85.1
1970 - 1999 11.2
1940 - 1969 3.0
1939 or Older 0.7

Types of Homes

TYPE OF Buckeye HOMES
Single-Family 92.8
Townhomes 0.9
Small Apt. Buildings 1.4
Apt. Complexes 2.1
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Buckeye HOMES
No Bedroom 0.93
1 Bedroom 2.15
2 Bedrooms 14.34
3 Bedrooms 40.84
4 Bedrooms 33.27
5 or more bedrooms 8.46