Chinle, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chinle, 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

Chinle Housing Market Information

With 4,537 people, 1,208 houses or apartments, and a median cost of homes of $42,903, house prices in Chinle are some of the most affordable in Arizona as well as the nation.

Single-family detached homes are the single most common housing type in Chinle, accounting for 41.35% of the town's housing units. Other types of housing that are prevalent in Chinle include duplexes, homes converted to apartments or other small apartment buildings ( 24.61%), mobile homes or trailers ( 16.93%), and a few large apartment complexes or high rise apartments ( 10.34%).

Chinle is dominated by renter-occupied one, two, or no bedrooms apartments. 68.61% of Chinle's dwellings are rentals.

There is a lot of housing in Chinle 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 Chinle built between 1940-1969 ( 17.71%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.00%).

Vacant housing appears to be an issue in Chinle. Fully 26.96% of the housing stock is classified as vacant. Left unchecked, vacant Chinle homes and apartments can be a drag on the real estate market, holding Chinle 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.

Chinle Home Appreciation Rates

Chinle's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chinle during the period has been just -1.34%, which is lower than 80% of US communities.

Appreciation rates are so strong in Chinle that despite a nationwide downturn in the housing market, Chinle real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chinle appreciation rates continue to be some of the highest in America, at 11.25%, which is higher than appreciation rates in 96.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chinle. Chinle appreciation rates in the latest quarter were at 1.55%, which equates to an annual appreciation rate of 6.33%.

Relative to Arizona, our data show that Chinle's latest annual appreciation rate is higher than 90% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$42,903

Chinle, AZ HOME PRICES

Value Range
> $1,220,000 1.9
$915,001 - $1,220,000 0.0
$610,001 - $915,000 0.4
$488,001 - $610,000 0.0
$366,001 - $488,000 2.0
$244,001 - $366,000 0.9
$122,001 - $244,000 12.8
$61,001 - $122,000 22.4
$0 - $61,000 59.5

Very Low for AZ
Very Low for Nation

Value Relative to Nation Value Relative to State
99.7304582210243 100.0

Number Of Homes And Apartments:
1,208

Chinle 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
59.81% 2.75% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$619 / per month

Homeownership Rate

Homeownership
Owners 31.39
Renters 68.61
Vacant 26.96

Housing Market Details

 

Age of Homes

AGE OF Chinle HOMES
2000 or Newer 11.0
1970 - 1999 70.9
1940 - 1969 17.7
1939 or Older 0.4

Types of Homes

TYPE OF Chinle HOMES
Single-Family 41.4
Townhomes 6.8
Small Apt. Buildings 24.6
Apt. Complexes 10.3
Mobile Homes 16.9
Other 0.0

Home Size

SIZE OF Chinle HOMES
No Bedroom 11.00
1 Bedroom 9.98
2 Bedrooms 30.47
3 Bedrooms 39.60
4 Bedrooms 7.98
5 or more bedrooms 0.97

Popular Neighborhoods in Chinle

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Zip Codes in Chinle, AZ