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 11,818 people, 4,985 houses or apartments, and a median cost of homes of $195,524, Cottonwood real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Cottonwood, accounting for 46.55% of the city's housing units. Other types of housing that are prevalent in Cottonwood include mobile homes or trailers ( 20.44%), large apartment complexes or high rise apartments ( 17.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.49%).
People in Cottonwood primarily live in small (one, two or no bedroom) single-family detached homes. Cottonwood has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Cottonwood 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 Cottonwood built between 2000 and later ( 31.08%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.17%). There's also some housing in Cottonwood built before 1939 ( 3.72%).
Vacant housing appears to be an issue in Cottonwood. Fully 10.92% of the housing stock is classified as vacant. Left unchecked, vacant Cottonwood homes and apartments can be a drag on the real estate market, holding Cottonwood 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 Cottonwood over the last then years, as home values have seen a decline of 19.21% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cottonwood home appreciation rates at 2.54%, which equates to an annual appreciation rate of 10.54%.
Appreciation rates are so strong in Cottonwood that despite a nationwide downturn in the housing market, Cottonwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cottonwood appreciation rates continue to be some of the highest in America, at 11.39%, which is higher than appreciation rates in 96.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cottonwood. Cottonwood appreciation rates in the latest quarter were at 2.54%, which equates to an annual appreciation rate of 10.54%.
Importantly, this makes Cottonwood 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 Cottonwood's latest annual appreciation rate is higher than 90% of the other cities and towns in Arizona.
|$1,038,001 - $1,383,000||0.3|
|$692,001 - $1,038,000||1.2|
|$554,001 - $692,000||3.7|
|$415,001 - $554,000||3.5|
|$277,001 - $415,000||14.5|
|$138,001 - $277,000||53.6|
|$69,001 - $138,000||16.0|
|$0 - $69,000||6.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Cottonwood HOMES|
|2000 or Newer||31.1|
|1970 - 1999||57.0|
|1940 - 1969||8.2|
|1939 or Older||3.7|
|TYPE OF Cottonwood HOMES|
|Small Apt. Buildings||11.5|
|SIZE OF Cottonwood HOMES|
|5 or more bedrooms||0.00|