Fountain Hills, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Fountain Hills Neighborhoods Since 2000




Fountain Hills, AZ Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fountain Hills Housing Market Information

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 Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$523,197

Fountain Hills, AZ HOME PRICES

Value Range
> $1,210,000 3.6
$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

Very High for AZ
Very High for Nation

Value Relative to Nation Value Relative to State
5.28536270948084 2.7027027027027

Number Of Homes And Apartments:
10,970

Fountain Hills Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AZ*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
55.61% 2.60% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,427 / per month

Homeownership Rate

Homeownership
Owners 81.43
Renters 18.57
Vacant 22.10

Housing Market Details

 

Age of Homes

AGE OF Fountain Hills HOMES
2000 or Newer 23.0
1970 - 1999 74.6
1940 - 1969 1.5
1939 or Older 0.9

Types of Homes

TYPE OF Fountain Hills HOMES
Single-Family 64.5
Townhomes 12.9
Small Apt. Buildings 10.3
Apt. Complexes 12.2
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Fountain Hills HOMES
No Bedroom 1.51
1 Bedroom 2.68
2 Bedrooms 29.35
3 Bedrooms 47.26
4 Bedrooms 15.32
5 or more bedrooms 3.86

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Zip Codes in Fountain Hills, AZ