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 17,059 people, 3,241 houses or apartments, and a median cost of homes of $101,955, house prices in Eloy are solidly below the national average.
Single-family detached homes are the single most common housing type in Eloy, accounting for 62.03% of the city's housing units. Other types of housing that are prevalent in Eloy include mobile homes or trailers ( 17.46%), duplexes, homes converted to apartments or other small apartment buildings ( 9.49%), and a few large apartment complexes or high rise apartments ( 9.36%).
The most prevalent building size and type in Eloy are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 36.18% owning and 63.82% renting.
There is a lot of housing in Eloy 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 Eloy built between 2000 and later ( 33.42%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.55%). There's also some housing in Eloy built before 1939 ( 3.72%).
Vacant housing appears to be an issue in Eloy. Fully 18.01% of the housing stock is classified as vacant. Left unchecked, vacant Eloy homes and apartments can be a drag on the real estate market, holding Eloy 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.
Eloy's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Eloy during the period has been just -1.46%, which is lower than 80% of US communities.
Appreciation rates are so strong in Eloy that despite a nationwide downturn in the housing market, Eloy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Eloy appreciation rates continue to be some of the highest in America, at 8.58%, which is higher than appreciation rates in 89.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Eloy. Eloy appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.40%.
Importantly, this makes Eloy 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 Eloy's latest annual appreciation rate is higher than 60% of the other cities and towns in Arizona.
|$993,001 - $1,324,000||0.0|
|$662,001 - $993,000||0.3|
|$529,001 - $662,000||1.7|
|$397,001 - $529,000||2.6|
|$265,001 - $397,000||6.5|
|$132,001 - $265,000||21.2|
|$66,001 - $132,000||42.8|
|$0 - $66,000||24.9|
|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 Eloy HOMES|
|2000 or Newer||33.4|
|1970 - 1999||37.3|
|1940 - 1969||25.6|
|1939 or Older||3.7|
|TYPE OF Eloy HOMES|
|Small Apt. Buildings||9.5|
|SIZE OF Eloy HOMES|
|5 or more bedrooms||0.58|