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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.



Fountain Hills, 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

Fountain Hills, AZ Housing Market Trends

With 23,785 people, 11,092 houses or apartments, and a median cost of homes of $701,896, Fountain Hills house prices are not only among the most expensive in Arizona, Fountain Hills real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Fountain Hills, accounting for 65.78% of the town's housing units. Other types of housing that are prevalent in Fountain Hills include row houses and other attached homes ( 16.64%), large apartment complexes or high rise apartments ( 9.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fountain Hills. Owner-occupied housing accounts for 84.11% of Fountain Hills's homes, and 66.64% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Fountain Hills 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 Fountain Hills built between 2000 and later ( 25.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.23%).

Vacant housing appears to be an issue in Fountain Hills. Fully 15.98% of the housing stock is classified as vacant. Left unchecked, vacant Fountain Hills homes and apartments can be a drag on the real estate market, holding Fountain Hills 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.

Fountain Hills Home Appreciation Rates

Appreciation rates for homes in Fountain Hills have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 82.39%, which ranks in the top 50% nationwide. This equates to an annual average Fountain Hills house appreciation rate of 6.19%.

Over the last year, Fountain Hills appreciation rates have trailed the rest of the nation. In the last twelve months, Fountain Hills'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 Fountain Hills were at 0.45%, which equates to an annual appreciation rate of 1.81%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Fountain Hills differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fountain Hills - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fountain Hills real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$701,896

Fountain Hills, AZ Home Prices
> $1,292,000
$969,001 - $1,292,000
$646,001 - $969,000
$517,001 - $646,000
$388,001 - $517,000
$258,001 - $388,000
$129,001 - $258,000
$65,001 - $129,000
$0 - $65,000
10.9%
10.9%
12.1%
12.1%
27.8%
27.8%
21.8%
21.8%
13.4%
13.4%
10.3%
10.3%
3.4%
3.4%
0.2%
0.2%
0.2%
0.2%
0% 100.0%
% of Homes
Very High

for Arizona

Very High

for nation

Number of Homes And Apartments:

11,092

Fountain Hills Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,003 / per month

Homeownership Rate

Owners
Renters
84.1%
84.1%
15.9%
15.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
16.0%
16.0%
84.0%
84.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
25.8%
25.8%
72.8%
72.8%
1.2%
1.2%
0.2%
0.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
65.8%
65.8%
16.6%
16.6%
8.1%
8.1%
9.5%
9.5%
0.0%
0.0%
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
0.1%
0.1%
2.9%
2.9%
26.9%
26.9%
50.9%
50.9%
15.8%
15.8%
3.4%
3.4%
0% 100.0%
% of Homes

Popular Communities Near Fountain Hills, AZ

Zip Codes in Fountain Hills, AZ