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 23,899 people, 10,970 houses or apartments, and a median cost of homes of $523,197, 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 64.55% of the town's housing units. Other types of housing that are prevalent in Fountain Hills include row houses and other attached homes ( 12.85%), large apartment complexes or high rise apartments ( 12.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.28%).
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 81.43% of Fountain Hills's homes, and 62.59% 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 ( 22.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.47%).
Vacant housing appears to be an issue in Fountain Hills. Fully 22.10% 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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fountain Hills during the period has been just -2.02%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Fountain Hills's appreciation rate, at 3.23%, has been at or slightly above the national average. In the latest quarter, Fountain Hills's appreciation rate has been 2.04%, which annualizes to a rate of 8.40%.
Importantly, this makes Fountain Hills one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
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.
|$907,001 - $1,210,000||5.7|
|$605,001 - $907,000||13.6|
|$484,001 - $605,000||13.7|
|$363,001 - $484,000||21.2|
|$242,001 - $363,000||20.2|
|$121,001 - $242,000||15.8|
|$61,001 - $121,000||3.3|
|$0 - $61,000||3.0|
|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 Fountain Hills HOMES|
|2000 or Newer||23.0|
|1970 - 1999||74.6|
|1940 - 1969||1.5|
|1939 or Older||0.9|
|TYPE OF Fountain Hills HOMES|
|Small Apt. Buildings||10.3|
|SIZE OF Fountain Hills HOMES|
|5 or more bedrooms||3.86|