Bullhead City, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bullhead City, AZ Real Estate Data


Bullhead City Housing Market Information

With 39,445 people, 16,796 houses or apartments, and a median cost of homes of $145,479, Bullhead City real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Bullhead City, accounting for 46.79% of the city's housing units. Other types of housing that are prevalent in Bullhead City include mobile homes or trailers ( 33.83%), large apartment complexes or high rise apartments ( 11.41%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.66%).

People in Bullhead City primarily live in small (one, two or no bedroom) single-family detached homes. Bullhead City has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Bullhead City 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 Bullhead City built between 2000 and later ( 28.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.47%).

Vacant housing appears to be an issue in Bullhead City. Fully 30.65% of the housing stock is classified as vacant. Left unchecked, vacant Bullhead City homes and apartments can be a drag on the real estate market, holding Bullhead 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.

Bullhead City Home Appreciation Rates

Homes have actually lost value in Bullhead City over the last then years, as home values have seen a decline of 35.76% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bullhead City home appreciation rates at 2.40%, which equates to an annual appreciation rate of 9.96%.

Appreciation rates are so strong in Bullhead City that despite a nationwide downturn in the housing market, Bullhead City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bullhead City appreciation rates continue to be some of the highest in America, at 8.53%, which is higher than appreciation rates in 94.04% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bullhead City. Bullhead City appreciation rates in the latest quarter were at 2.40%, which equates to an annual appreciation rate of 9.96%.

Relative to Arizona, our data show that Bullhead City's latest annual appreciation rate is higher than 80% 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 city. Individual neighborhoods within Bullhead City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bullhead City - 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 Bullhead City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$145,479

Bullhead City, AZ HOME PRICES

Value Range
> $1,296,000 0.7
$972,001 - $1,296,000 0.6
$648,001 - $972,000 2.0
$518,001 - $648,000 1.4
$389,001 - $518,000 4.9
$259,001 - $389,000 10.8
$129,001 - $259,000 27.3
$65,001 - $129,000 30.8
$0 - $65,000 21.6

Average for AZ
Average for Nation

Value Relative to Nation Value Relative to State
52.9484101422967 55.7046979865772

Number Of Homes And Apartments:
16,796

Rent & Ownership

 

Average Market Rent:
$1,025 / per month

Homeownership Rate

Homeownership
Owners 60.16
Renters 39.84
Vacant 30.65

Housing Market Details

 

Age of Homes

AGE OF Bullhead City HOMES
2000 or Newer 28.0
1970 - 1999 63.3
1940 - 1969 8.5
1939 or Older 0.2

Types of Homes

TYPE OF Bullhead City HOMES
Single-Family 46.8
Townhomes 1.1
Small Apt. Buildings 6.7
Apt. Complexes 11.4
Mobile Homes 33.8
Other 0.2

Home Size

SIZE OF Bullhead City HOMES
No Bedroom 1.87
1 Bedroom 9.98
2 Bedrooms 40.40
3 Bedrooms 41.50
4 Bedrooms 4.86
5 or more bedrooms 1.38

Bullhead City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AZ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
31.44% 1.62% 2 3
* 10 is highest