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




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Highest Appreciating Dewey-Humboldt Neighborhoods Since 2000




Dewey-Humboldt, 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

Dewey-Humboldt Housing Market Information

With a population of 3,988, 1,650 total housing units (homes and apartments), and a median house value of $218,401, 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 61.59% of the town's housing units. Other types of housing that are prevalent in Dewey-Humboldt include mobile homes or trailers ( 33.04%), row houses and other attached homes ( 2.81%), and a few large apartment complexes or high rise apartments ( 1.23%).

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 84.33% of Dewey-Humboldt's homes, and 70.53% 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 ( 31.21%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.53%).

Vacant housing appears to be an issue in Dewey-Humboldt. Fully 15.73% 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

Dewey-Humboldt's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dewey-Humboldt during the period has been just -2.09%, which is lower than 80% of US communities.

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 9.39%, which is higher than appreciation rates in 92.04% 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 2.54%, which equates to an annual appreciation rate of 10.54%.

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 70% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$218,401

Dewey-Humboldt, AZ HOME PRICES

Value Range
> $1,318,000 1.6
$989,001 - $1,318,000 1.8
$659,001 - $989,000 2.5
$527,001 - $659,000 2.6
$396,001 - $527,000 8.4
$263,001 - $396,000 21.7
$132,001 - $263,000 31.6
$66,001 - $132,000 14.8
$0 - $66,000 15.0

High for AZ
High for Nation

Value Relative to Nation Value Relative to State
28.008906597914 21.6216216216216

Number Of Homes And Apartments:
1,650

Dewey-Humboldt 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
43.03% 2.10% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,078 / per month

Homeownership Rate

Homeownership
Owners 84.33
Renters 15.67
Vacant 15.73

Housing Market Details

 

Age of Homes

AGE OF Dewey-Humboldt HOMES
2000 or Newer 31.2
1970 - 1999 55.3
1940 - 1969 13.5
1939 or Older 0.0

Types of Homes

TYPE OF Dewey-Humboldt HOMES
Single-Family 61.6
Townhomes 2.8
Small Apt. Buildings 0.0
Apt. Complexes 1.2
Mobile Homes 33.0
Other 1.3

Home Size

SIZE OF Dewey-Humboldt HOMES
No Bedroom 0.00
1 Bedroom 4.60
2 Bedrooms 22.37
3 Bedrooms 59.91
4 Bedrooms 10.62
5 or more bedrooms 2.50

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