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 39,445, 16,872 total housing units (homes and apartments), and a median house value of $125,466, house prices in Bullhead City are solidly below the national average.
Single-family detached homes are the single most common housing type in Bullhead City, accounting for 45.83% of the city's housing units. Other types of housing that are prevalent in Bullhead City include mobile homes or trailers ( 33.13%), large apartment complexes or high rise apartments ( 12.37%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.36%).
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 ( 27.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.40%).
Vacant housing appears to be an issue in Bullhead City. Fully 30.64% 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.
Homes have actually lost value in Bullhead City over the last then years, as home values have seen a decline of 32.64% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bullhead City home appreciation rates at 4.31%, which equates to an annual appreciation rate of 18.39%.
NeighborhoodScout's data show that during the latest twelve months, Bullhead City's appreciation rate, at 6.23%, has been at or slightly above the national average. In the latest quarter, Bullhead City's appreciation rate has been 4.31%, which annualizes to a rate of 18.39%.
Importantly, this makes Bullhead City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Arizona, our data show that Bullhead City's latest annual appreciation rate is lower 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.
|$951,001 - $1,268,000||0.2|
|$634,001 - $951,000||1.7|
|$507,001 - $634,000||1.9|
|$381,001 - $507,000||4.7|
|$254,001 - $381,000||10.5|
|$127,001 - $254,000||29.2|
|$63,001 - $127,000||27.4|
|$0 - $63,000||23.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Bullhead City HOMES|
|2000 or Newer||27.8|
|1970 - 1999||62.7|
|1940 - 1969||9.4|
|1939 or Older||0.1|
|TYPE OF Bullhead City HOMES|
|Small Apt. Buildings||7.4|
|SIZE OF Bullhead City HOMES|
|5 or more bedrooms||1.18|