Eagar, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Eagar, AZ Real Estate Data


Eagar Housing Market Information

With a population of 4,869, 1,466 total housing units (homes and apartments), and a median house value of $172,182, Eagar real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Eagar, accounting for 73.58% of the town's housing units. Other types of housing that are prevalent in Eagar include mobile homes or trailers ( 21.72%), large apartment complexes or high rise apartments ( 2.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.35%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Eagar. Owner-occupied housing accounts for 81.50% of Eagar's homes, and 67.21% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Eagar 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 Eagar built between 2000 and later ( 15.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.41%). There's also some housing in Eagar built before 1939 ( 4.86%).

Vacant housing appears to be an issue in Eagar. Fully 23.45% of the housing stock is classified as vacant. Left unchecked, vacant Eagar homes and apartments can be a drag on the real estate market, holding Eagar 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.

Eagar Home Appreciation Rates

Eagar's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Eagar during the period has been just -1.28%, which is lower than 80% of US communities.

Over the last year, Eagar appreciation rates have trailed the rest of the nation. In the last twelve months, Eagar's appreciation rate has been 4.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Eagar were at -0.05%, which equates to an annual appreciation rate of -0.18%.

Notably, Eagar's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Arizona, our data show that Eagar's latest annual appreciation rate is lower than 80% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$172,182

Eagar, AZ HOME PRICES

Value Range
> $1,206,000 0.8
$904,001 - $1,206,000 0.3
$603,001 - $904,000 0.3
$483,001 - $603,000 0.6
$362,001 - $483,000 1.1
$241,001 - $362,000 13.3
$120,001 - $241,000 57.1
$60,001 - $120,000 22.7
$0 - $60,000 3.9

High for AZ
Average for Nation

Value Relative to Nation Value Relative to State
41.9511623821514 38.9261744966443

Number Of Homes And Apartments:
1,466

Rent & Ownership

 

Average Market Rent:
$1,242 / per month

Homeownership Rate

Homeownership
Owners 81.50
Renters 18.50
Vacant 23.45

Housing Market Details

 

Age of Homes

AGE OF Eagar HOMES
2000 or Newer 15.8
1970 - 1999 65.0
1940 - 1969 14.4
1939 or Older 4.9

Types of Homes

TYPE OF Eagar HOMES
Single-Family 73.6
Townhomes 0.0
Small Apt. Buildings 2.3
Apt. Complexes 2.3
Mobile Homes 21.7
Other 0.0

Home Size

SIZE OF Eagar HOMES
No Bedroom 0.00
1 Bedroom 2.09
2 Bedrooms 20.52
3 Bedrooms 50.23
4 Bedrooms 16.97
5 or more bedrooms 10.18

Eagar 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
47.93% 2.33% 5 6
* 10 is highest

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Zip Codes in Eagar, AZ