Casa Grande, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Casa Grande Neighborhoods Since 2000




Casa Grande, 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

Casa Grande Housing Market Information

With a population of 51,460, 17,391 total housing units (homes and apartments), and a median house value of $147,023, Casa Grande 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 Casa Grande, accounting for 66.09% of the city's housing units. Other types of housing that are prevalent in Casa Grande include mobile homes or trailers ( 16.88%), large apartment complexes or high rise apartments ( 10.01%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.40%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Casa Grande. Owner-occupied housing accounts for 67.40% of Casa Grande's homes, and 55.88% have either three or four bedrooms, which is average sized relative to America.

Casa Grande homes and real estate are some of the newest in America. 52.00% of Casa Grande's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Casa Grande real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.57%), and between 1940-1969 ( 12.50%).

Vacant housing appears to be an issue in Casa Grande. Fully 19.06% of the housing stock is classified as vacant. Left unchecked, vacant Casa Grande homes and apartments can be a drag on the real estate market, holding Casa Grande 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.

Casa Grande Home Appreciation Rates

Homes have actually lost value in Casa Grande over the last then years, as home values have seen a decline of 30.04% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Casa Grande home appreciation rates at 2.04%, which equates to an annual appreciation rate of 8.40%.

Appreciation rates are so strong in Casa Grande that despite a nationwide downturn in the housing market, Casa Grande real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Casa Grande appreciation rates continue to be some of the highest in America, at 7.73%, which is higher than appreciation rates in 85.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Casa Grande. Casa Grande appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.40%.

Importantly, this makes Casa Grande 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 Casa Grande's latest annual appreciation rate is lower than 50% 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 Casa Grande differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Casa Grande - 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 Casa Grande real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$147,023

Casa Grande, AZ HOME PRICES

Value Range
> $1,288,000 0.3
$966,001 - $1,288,000 0.3
$644,001 - $966,000 0.6
$515,001 - $644,000 0.8
$386,001 - $515,000 2.2
$258,001 - $386,000 7.6
$129,001 - $258,000 41.9
$64,001 - $129,000 28.7
$0 - $64,000 17.7

Average for AZ
Average for Nation

Value Relative to Nation Value Relative to State
51.2832532520802 47.2972972972973

Number Of Homes And Apartments:
17,391

Casa Grande 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
24.74% 1.29% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,108 / per month

Homeownership Rate

Homeownership
Owners 67.40
Renters 32.60
Vacant 19.06

Housing Market Details

 

Age of Homes

AGE OF Casa Grande HOMES
2000 or Newer 52.0
1970 - 1999 34.6
1940 - 1969 12.5
1939 or Older 0.9

Types of Homes

TYPE OF Casa Grande HOMES
Single-Family 66.1
Townhomes 2.7
Small Apt. Buildings 3.4
Apt. Complexes 10.0
Mobile Homes 16.9
Other 0.9

Home Size

SIZE OF Casa Grande HOMES
No Bedroom 0.72
1 Bedroom 11.50
2 Bedrooms 28.08
3 Bedrooms 37.87
4 Bedrooms 18.01
5 or more bedrooms 3.82