Buckeye, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Buckeye Neighborhoods Since 2000




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 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

Buckeye Housing Market Information

With 62,138 people, 15,718 houses or apartments, and a median cost of homes of $199,659, 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 89.88% of the town's housing units. Other types of housing that are prevalent in Buckeye include mobile homes or trailers ( 4.41%), large apartment complexes or high rise apartments ( 3.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.66%).

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 57.89% owning and 42.11% renting.

Buckeye homes and real estate are some of the newest in America. 82.78% 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 ( 12.81%), and between 1940-1969 ( 3.66%).

Vacant housing appears to be an issue in Buckeye. Fully 18.07% 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

Homes have actually lost value in Buckeye over the last then years, as home values have seen a decline of 28.32% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Buckeye home appreciation rates at 2.04%, which equates to an annual appreciation rate of 8.40%.

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 6.89%, which is higher than appreciation rates in 80.65% 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 2.04%, which equates to an annual appreciation rate of 8.40%.

Importantly, this makes Buckeye 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 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:
$199,659

Buckeye, AZ HOME PRICES

Value Range
> $1,389,000 0.5
$1,042,001 - $1,389,000 0.1
$695,001 - $1,042,000 1.5
$556,001 - $695,000 1.5
$417,001 - $556,000 5.5
$278,001 - $417,000 14.1
$139,001 - $278,000 53.3
$70,001 - $139,000 17.4
$0 - $70,000 6.1

High for AZ
High for Nation

Value Relative to Nation Value Relative to State
32.3450134770889 27.027027027027

Number Of Homes And Apartments:
15,718

Buckeye 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
46.04% 2.22% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,437 / per month

Homeownership Rate

Homeownership
Owners 57.89
Renters 42.11
Vacant 18.07

Housing Market Details

 

Age of Homes

AGE OF Buckeye HOMES
2000 or Newer 82.8
1970 - 1999 12.8
1940 - 1969 3.7
1939 or Older 0.7

Types of Homes

TYPE OF Buckeye HOMES
Single-Family 89.9
Townhomes 0.7
Small Apt. Buildings 1.7
Apt. Complexes 3.3
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Buckeye HOMES
No Bedroom 1.37
1 Bedroom 2.84
2 Bedrooms 15.82
3 Bedrooms 39.54
4 Bedrooms 33.45
5 or more bedrooms 6.97