Chino Valley, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chino Valley, 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

Chino Valley Housing Market Information

With 11,137 people, 4,365 houses or apartments, and a median cost of homes of $166,490, Chino Valley 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 Chino Valley, accounting for 60.84% of the town's housing units. Other types of housing that are prevalent in Chino Valley include mobile homes or trailers ( 36.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chino Valley. Owner-occupied housing accounts for 73.79% of Chino Valley's homes, and 64.54% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Chino Valley 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 Chino Valley built between 2000 and later ( 37.85%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.05%). There's also some housing in Chino Valley built before 1939 ( 1.98%).

Vacant housing appears to be an issue in Chino Valley. Fully 13.44% of the housing stock is classified as vacant. Left unchecked, vacant Chino Valley homes and apartments can be a drag on the real estate market, holding Chino Valley 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.

Chino Valley Home Appreciation Rates

Chino Valley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chino Valley during the period has been just -2.07%, which is lower than 80% of US communities.

Appreciation rates are so strong in Chino Valley that despite a nationwide downturn in the housing market, Chino Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chino Valley appreciation rates continue to be some of the highest in America, at 8.92%, which is higher than appreciation rates in 90.52% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chino Valley. Chino Valley appreciation rates in the latest quarter were at 2.54%, which equates to an annual appreciation rate of 10.54%.

Importantly, this makes Chino Valley 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 Chino Valley's latest annual appreciation rate is higher than 60% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$166,490

Chino Valley, AZ HOME PRICES

Value Range
> $1,327,000 2.0
$995,001 - $1,327,000 0.1
$663,001 - $995,000 1.0
$531,001 - $663,000 3.6
$398,001 - $531,000 4.1
$265,001 - $398,000 16.5
$133,001 - $265,000 37.6
$66,001 - $133,000 24.3
$0 - $66,000 10.9

High for AZ
Average for Nation

Value Relative to Nation Value Relative to State
43.0212117660846 39.1891891891892

Number Of Homes And Apartments:
4,365

Chino Valley 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
55.71% 2.60% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,021 / per month

Homeownership Rate

Homeownership
Owners 73.79
Renters 26.21
Vacant 13.44

Housing Market Details

 

Age of Homes

AGE OF Chino Valley HOMES
2000 or Newer 37.9
1970 - 1999 52.1
1940 - 1969 8.1
1939 or Older 2.0

Types of Homes

TYPE OF Chino Valley HOMES
Single-Family 60.8
Townhomes 0.7
Small Apt. Buildings 0.6
Apt. Complexes 0.9
Mobile Homes 36.3
Other 0.7

Home Size

SIZE OF Chino Valley HOMES
No Bedroom 0.00
1 Bedroom 7.42
2 Bedrooms 25.74
3 Bedrooms 50.05
4 Bedrooms 14.50
5 or more bedrooms 2.30

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Zip Codes in Chino Valley, AZ