Clifton, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Clifton Neighborhoods Since 2000




Clifton, 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

Clifton Housing Market Information

With a population of 3,685, 1,108 total housing units (homes and apartments), and a median house value of $106,317, house prices in Clifton are solidly below the national average.

Single-family detached homes are the single most common housing type in Clifton, accounting for 82.56% of the town's housing units. Other types of housing that are prevalent in Clifton include mobile homes or trailers ( 11.69%), row houses and other attached homes ( 2.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.03%).

Renters dominate Clifton's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Clifton 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 Clifton built between 1940-1969 ( 26.12%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.27%). There's also some housing in Clifton built before 1939 ( 19.19%).

Vacant housing appears to be an issue in Clifton. Fully 22.41% of the housing stock is classified as vacant. Left unchecked, vacant Clifton homes and apartments can be a drag on the real estate market, holding Clifton 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.

Clifton Home Appreciation Rates

Clifton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Clifton during the period has been just -1.64%, which is lower than 80% of US communities.

Appreciation rates are so strong in Clifton that despite a nationwide downturn in the housing market, Clifton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Clifton appreciation rates continue to be some of the highest in America, at 7.43%, which is higher than appreciation rates in 83.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Clifton. Clifton 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 Clifton's latest annual appreciation rate is lower than 50% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$106,317

Clifton, AZ HOME PRICES

Value Range
> $1,213,000 0.2
$910,001 - $1,213,000 0.6
$607,001 - $910,000 3.1
$486,001 - $607,000 0.4
$364,001 - $486,000 2.3
$243,001 - $364,000 2.5
$122,001 - $243,000 23.5
$61,001 - $122,000 40.5
$0 - $61,000 26.8

Low for AZ
Low for Nation

Value Relative to Nation Value Relative to State
73.4794327903434 68.2432432432432

Number Of Homes And Apartments:
1,108

Clifton 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
37.95% 1.88% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$547 / per month

Homeownership Rate

Homeownership
Owners 21.95
Renters 78.05
Vacant 22.41

Housing Market Details

 

Age of Homes

AGE OF Clifton HOMES
2000 or Newer 22.3
1970 - 1999 32.4
1940 - 1969 26.1
1939 or Older 19.2

Types of Homes

TYPE OF Clifton HOMES
Single-Family 82.6
Townhomes 2.5
Small Apt. Buildings 2.0
Apt. Complexes 0.4
Mobile Homes 11.7
Other 0.8

Home Size

SIZE OF Clifton HOMES
No Bedroom 1.89
1 Bedroom 4.83
2 Bedrooms 16.88
3 Bedrooms 67.93
4 Bedrooms 8.19
5 or more bedrooms 0.28

Popular Neighborhoods in Clifton

Popular Communities Near Clifton, AZ

Zip Codes in Clifton, AZ