Ganado, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ganado Neighborhoods Since 2000




Ganado, 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

Ganado Housing Market Information

With 1,215 people, 278 houses or apartments, and a median cost of homes of $54,811, house prices in Ganado are some of the most affordable in Arizona as well as the nation.

Single-family detached homes are the single most common housing type in Ganado, accounting for 54.61% of the town's housing units. Other types of housing that are prevalent in Ganado include mobile homes or trailers ( 26.74%), duplexes, homes converted to apartments or other small apartment buildings ( 13.93%), and a few row houses and other attached homes ( 2.47%).

Dwellings in Ganado tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.01% of the homes in Ganado have two or fewer bedrooms.

There is a lot of housing in Ganado 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 Ganado built between 1940-1969 ( 20.00%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.66%). There's also some housing in Ganado built before 1939 ( 1.57%).

Vacant housing appears to be an issue in Ganado. Fully 37.53% of the housing stock is classified as vacant. Left unchecked, vacant Ganado homes and apartments can be a drag on the real estate market, holding Ganado 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.

Ganado Home Appreciation Rates

Homes have actually lost value in Ganado over the last then years, as home values have seen a decline of 20.24% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Ganado home appreciation rates at 1.55%, which equates to an annual appreciation rate of 6.33%.

Appreciation rates are so strong in Ganado that despite a nationwide downturn in the housing market, Ganado real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ganado appreciation rates continue to be some of the highest in America, at 8.08%, which is higher than appreciation rates in 87.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ganado. Ganado appreciation rates in the latest quarter were at 1.55%, which equates to an annual appreciation rate of 6.33%.

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

Average Home Values

 

Median Home Value:
$54,811

Ganado, AZ HOME PRICES

Value Range
> $1,199,000 2.0
$899,001 - $1,199,000 0.1
$599,001 - $899,000 1.9
$479,001 - $599,000 0.6
$360,001 - $479,000 1.4
$240,001 - $360,000 4.2
$120,001 - $240,000 13.7
$60,001 - $120,000 23.4
$0 - $60,000 52.7

Very Low for AZ
Very Low for Nation

Value Relative to Nation Value Relative to State
98.8632368451893 97.972972972973

Number Of Homes And Apartments:
278

Ganado 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
98.10% 4.04% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$642 / per month

Homeownership Rate

Homeownership
Owners 65.83
Renters 34.17
Vacant 37.53

Housing Market Details

 

Age of Homes

AGE OF Ganado HOMES
2000 or Newer 9.7
1970 - 1999 68.8
1940 - 1969 20.0
1939 or Older 1.6

Types of Homes

TYPE OF Ganado HOMES
Single-Family 54.6
Townhomes 2.5
Small Apt. Buildings 13.9
Apt. Complexes 2.2
Mobile Homes 26.7
Other 0.0

Home Size

SIZE OF Ganado HOMES
No Bedroom 18.43
1 Bedroom 8.76
2 Bedrooms 23.82
3 Bedrooms 37.53
4 Bedrooms 9.89
5 or more bedrooms 1.57

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Zip Codes in Ganado, AZ