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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Eloy, AZ Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Eloy, AZ Housing Market Trends

With 17,042 people, 3,611 houses or apartments, and a median cost of homes of $252,060, Eloy 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 Eloy, accounting for 66.77% of the city's housing units. Other types of housing that are prevalent in Eloy include mobile homes or trailers ( 13.10%), large apartment complexes or high rise apartments ( 8.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.17%).

People in Eloy primarily live in small (one, two or no bedroom) single-family detached homes. Eloy has a mixture of owner-occupied and renter-occupied housing.

Eloy homes and real estate are some of the newest in America. 44.88% of Eloy's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Eloy real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.92%), and between 1940-1969 ( 17.49%).

Vacant housing appears to be an issue in Eloy. Fully 17.86% 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 Home Appreciation Rates

In the last 10 years, Eloy has experienced some of the highest home appreciation rates of any community in the nation. Eloy real estate appreciated 152.58% over the last ten years, which is an average annual home appreciation rate of 9.71%, putting Eloy in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Eloy definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Eloy appreciation rates have trailed the rest of the nation. In the last twelve months, Eloy's appreciation rate has been -2.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Eloy were at 0.45%, which equates to an annual appreciation rate of 1.81%.

Relative to Arizona, our data show that Eloy's latest annual appreciation rate is lower than 90% of the other cities and towns in Arizona.

Average Home Values

Median Home Value

$252,060

Eloy, AZ Home Prices
> $1,448,000
$1,086,001 - $1,448,000
$724,001 - $1,086,000
$579,001 - $724,000
$434,001 - $579,000
$289,001 - $434,000
$145,001 - $289,000
$73,001 - $145,000
$0 - $73,000
1.7%
1.7%
0.1%
0.1%
3.7%
3.7%
4.9%
4.9%
8.9%
8.9%
28.0%
28.0%
21.6%
21.6%
18.4%
18.4%
12.6%
12.6%
0% 100.0%
% of Homes
Average

for Arizona

Average

for nation

Number of Homes And Apartments:

3,611

Eloy Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,614 / per month

Homeownership Rate

Owners
Renters
38.5%
38.5%
61.5%
61.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
17.9%
17.9%
82.1%
82.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
44.9%
44.9%
36.9%
36.9%
17.5%
17.5%
0.7%
0.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.8%
66.8%
3.8%
3.8%
8.2%
8.2%
8.2%
8.2%
13.1%
13.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
7.1%
7.1%
47.3%
47.3%
37.8%
37.8%
6.7%
6.7%
0.7%
0.7%
0% 100.0%
% of Homes