Fort Mohave, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fort Mohave, AZ Real Estate Data


Fort Mohave Housing Market Information

With 14,809 people, 5,956 houses or apartments, and a median cost of homes of $168,074, Fort Mohave 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 Fort Mohave, accounting for 71.99% of the town's housing units. Other types of housing that are prevalent in Fort Mohave include mobile homes or trailers ( 21.18%), large apartment complexes or high rise apartments ( 3.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.21%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fort Mohave. Owner-occupied housing accounts for 71.07% of Fort Mohave's homes, and 70.10% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Fort Mohave 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 Fort Mohave built between 2000 and later ( 44.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.48%).

Vacant housing appears to be an issue in Fort Mohave. Fully 20.82% of the housing stock is classified as vacant. Left unchecked, vacant Fort Mohave homes and apartments can be a drag on the real estate market, holding Fort Mohave 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.

Fort Mohave Home Appreciation Rates

Homes have actually lost value in Fort Mohave over the last then years, as home values have seen a decline of 30.62% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Fort Mohave home appreciation rates at 2.40%, which equates to an annual appreciation rate of 9.96%.

Appreciation rates are so strong in Fort Mohave that despite a nationwide downturn in the housing market, Fort Mohave real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Mohave appreciation rates continue to be some of the highest in America, at 6.38%, which is higher than appreciation rates in 78.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Mohave. Fort Mohave appreciation rates in the latest quarter were at 2.40%, which equates to an annual appreciation rate of 9.96%.

Relative to Arizona, our data show that Fort Mohave's latest annual appreciation rate is lower than 50% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$168,074

Fort Mohave, AZ HOME PRICES

Value Range
> $1,282,000 0.1
$961,001 - $1,282,000 0.1
$641,001 - $961,000 0.6
$513,001 - $641,000 0.4
$385,001 - $513,000 2.7
$256,001 - $385,000 14.6
$129,001 - $256,000 49.6
$64,001 - $129,000 26.9
$0 - $64,000 4.9

Average for AZ
Average for Nation

Value Relative to Nation Value Relative to State
43.4385430696258 41.6107382550336

Number Of Homes And Apartments:
5,956

Rent & Ownership

 

Average Market Rent:
$1,108 / per month

Homeownership Rate

Homeownership
Owners 71.07
Renters 28.93
Vacant 20.82

Housing Market Details

 

Age of Homes

AGE OF Fort Mohave HOMES
2000 or Newer 44.8
1970 - 1999 53.8
1940 - 1969 1.5
1939 or Older 0.0

Types of Homes

TYPE OF Fort Mohave HOMES
Single-Family 72.0
Townhomes 0.8
Small Apt. Buildings 2.2
Apt. Complexes 3.8
Mobile Homes 21.2
Other 0.0

Home Size

SIZE OF Fort Mohave HOMES
No Bedroom 2.67
1 Bedroom 1.82
2 Bedrooms 23.53
3 Bedrooms 63.65
4 Bedrooms 6.45
5 or more bedrooms 1.87

Fort Mohave 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
36.66% 1.85% 3 4
* 10 is highest

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Zip Codes in Fort Mohave, AZ