Dewey-Humboldt, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dewey-Humboldt, AZ Real Estate Data


Dewey-Humboldt Housing Market Information

With a population of 3,988, 1,660 total housing units (homes and apartments), and a median house value of $203,914, Dewey-Humboldt real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Dewey-Humboldt, accounting for 59.17% of the town's housing units. Other types of housing that are prevalent in Dewey-Humboldt include mobile homes or trailers ( 35.63%), row houses and other attached homes ( 2.97%), and a few large apartment complexes or high rise apartments ( 1.35%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dewey-Humboldt. Owner-occupied housing accounts for 85.31% of Dewey-Humboldt's homes, and 70.47% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Dewey-Humboldt 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 Dewey-Humboldt built between 2000 and later ( 31.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.70%). There's also some housing in Dewey-Humboldt built before 1939 ( 1.61%).

Vacant housing appears to be an issue in Dewey-Humboldt. Fully 13.54% of the housing stock is classified as vacant. Left unchecked, vacant Dewey-Humboldt homes and apartments can be a drag on the real estate market, holding Dewey-Humboldt 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.

Dewey-Humboldt Home Appreciation Rates

Homes have actually lost value in Dewey-Humboldt over the last then years, as home values have seen a decline of 19.77% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Dewey-Humboldt home appreciation rates at 3.55%, which equates to an annual appreciation rate of 15.00%.

Appreciation rates are so strong in Dewey-Humboldt that despite a nationwide downturn in the housing market, Dewey-Humboldt real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dewey-Humboldt appreciation rates continue to be some of the highest in America, at 8.78%, which is higher than appreciation rates in 94.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dewey-Humboldt. Dewey-Humboldt appreciation rates in the latest quarter were at 3.55%, which equates to an annual appreciation rate of 15.00%.

Importantly, this makes Dewey-Humboldt 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 Dewey-Humboldt's latest annual appreciation rate is higher than 80% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$203,914

Dewey-Humboldt, AZ HOME PRICES

Value Range
> $1,349,000 3.1
$1,012,001 - $1,349,000 1.9
$675,001 - $1,012,000 2.9
$540,001 - $675,000 2.6
$405,001 - $540,000 7.6
$270,001 - $405,000 18.9
$135,001 - $270,000 32.2
$68,001 - $135,000 15.6
$0 - $68,000 15.3

High for AZ
High for Nation

Value Relative to Nation Value Relative to State
32.1250805176553 32.2147651006711

Number Of Homes And Apartments:
1,660

Rent & Ownership

 

Average Market Rent:
$888 / per month

Homeownership Rate

Homeownership
Owners 85.31
Renters 14.69
Vacant 13.54

Housing Market Details

 

Age of Homes

AGE OF Dewey-Humboldt HOMES
2000 or Newer 31.0
1970 - 1999 53.6
1940 - 1969 13.7
1939 or Older 1.6

Types of Homes

TYPE OF Dewey-Humboldt HOMES
Single-Family 59.2
Townhomes 3.0
Small Apt. Buildings 0.0
Apt. Complexes 1.4
Mobile Homes 35.6
Other 0.9

Home Size

SIZE OF Dewey-Humboldt HOMES
No Bedroom 0.00
1 Bedroom 4.69
2 Bedrooms 21.30
3 Bedrooms 59.01
4 Bedrooms 11.46
5 or more bedrooms 3.54

Dewey-Humboldt 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
36.53% 1.85% 3 4
* 10 is highest

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Zip Codes in Dewey-Humboldt, AZ