Cottonwood, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cottonwood Neighborhoods Since 2000




Cottonwood, AZ Real Estate Data


Cottonwood Housing Market Information

With 11,818 people, 4,784 houses or apartments, and a median cost of homes of $203,238, 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 48.34% of the city's housing units. Other types of housing that are prevalent in Cottonwood include mobile homes or trailers ( 20.28%), large apartment complexes or high rise apartments ( 15.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.97%).

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 ( 30.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.51%). There's also some housing in Cottonwood built before 1939 ( 4.81%).

Vacant housing appears to be an issue in Cottonwood. Fully 10.85% 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.

Cottonwood Home Appreciation Rates

Homes have actually lost value in Cottonwood over the last then years, as home values have seen a decline of 21.17% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cottonwood home appreciation rates at 3.55%, which equates to an annual appreciation rate of 15.00%.

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 8.93%, which is higher than appreciation rates in 95.40% 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 3.55%, which equates to an annual appreciation rate of 15.00%.

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 80% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$203,238

Cottonwood, AZ HOME PRICES

Value Range
> $1,369,000 0.6
$1,027,001 - $1,369,000 0.5
$685,001 - $1,027,000 1.3
$548,001 - $685,000 4.6
$411,001 - $548,000 2.9
$274,001 - $411,000 14.2
$137,001 - $274,000 53.0
$69,001 - $137,000 16.0
$0 - $69,000 6.9

High for AZ
High for Nation

Value Relative to Nation Value Relative to State
32.3066112314809 32.8859060402685

Number Of Homes And Apartments:
4,784

Rent & Ownership

 

Average Market Rent:
$1,152 / per month

Homeownership Rate

Homeownership
Owners 56.90
Renters 43.10
Vacant 10.85

Housing Market Details

 

Age of Homes

AGE OF Cottonwood HOMES
2000 or Newer 30.7
1970 - 1999 57.0
1940 - 1969 7.5
1939 or Older 4.8

Types of Homes

TYPE OF Cottonwood HOMES
Single-Family 48.3
Townhomes 5.4
Small Apt. Buildings 10.0
Apt. Complexes 16.0
Mobile Homes 20.3
Other 0.0

Home Size

SIZE OF Cottonwood HOMES
No Bedroom 2.72
1 Bedroom 13.81
2 Bedrooms 40.64
3 Bedrooms 37.09
4 Bedrooms 5.74
5 or more bedrooms 0.00

Cottonwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AZ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
55.32% 2.62% 6 7
* 10 is highest

Popular Communities Near Cottonwood, AZ

Zip Codes in Cottonwood, AZ