Globe, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Globe Neighborhoods Since 2000




Globe, 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

Globe Housing Market Information

With a population of 7,396, 2,840 total housing units (homes and apartments), and a median house value of $123,676, house prices in Globe are solidly below the national average.

Single-family detached homes are the single most common housing type in Globe, accounting for 71.57% of the city's housing units. Other types of housing that are prevalent in Globe include mobile homes or trailers ( 15.85%), duplexes, homes converted to apartments or other small apartment buildings ( 7.72%), and a few large apartment complexes or high rise apartments ( 2.77%).

The most prevalent building size and type in Globe are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.75% owning and 42.25% renting.

There is a lot of housing in Globe 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 Globe built between 1940-1969 ( 29.74%). A lesser amount of the housing stock also hails from before 1939 ( 23.66%). There's also some housing in Globe built between 2000 and later ( 9.03%).

Vacant housing appears to be an issue in Globe. Fully 15.38% of the housing stock is classified as vacant. Left unchecked, vacant Globe homes and apartments can be a drag on the real estate market, holding Globe 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.

Globe Home Appreciation Rates

Real estate appreciation rates in Globe's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.35% during the period.

Appreciation rates are so strong in Globe that despite a nationwide downturn in the housing market, Globe real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Globe appreciation rates continue to be some of the highest in America, at 14.02%, which is higher than appreciation rates in 99.04% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Globe. Globe 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 Globe's latest annual appreciation rate is higher than 90% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$123,676

Globe, AZ HOME PRICES

Value Range
> $1,226,000 0.0
$919,001 - $1,226,000 0.0
$613,001 - $919,000 0.5
$490,001 - $613,000 0.0
$368,001 - $490,000 2.1
$245,001 - $368,000 9.6
$123,001 - $245,000 41.6
$61,001 - $123,000 31.7
$0 - $61,000 14.5

Average for AZ
Low for Nation

Value Relative to Nation Value Relative to State
63.3540372670807 60.1351351351351

Number Of Homes And Apartments:
2,840

Globe 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
58.48% 2.71% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,176 / per month

Homeownership Rate

Homeownership
Owners 57.75
Renters 42.25
Vacant 15.38

Housing Market Details

 

Age of Homes

AGE OF Globe HOMES
2000 or Newer 9.0
1970 - 1999 37.6
1940 - 1969 29.7
1939 or Older 23.7

Types of Homes

TYPE OF Globe HOMES
Single-Family 71.6
Townhomes 2.1
Small Apt. Buildings 7.7
Apt. Complexes 2.8
Mobile Homes 15.9
Other 0.0

Home Size

SIZE OF Globe HOMES
No Bedroom 1.16
1 Bedroom 6.88
2 Bedrooms 32.66
3 Bedrooms 49.52
4 Bedrooms 8.02
5 or more bedrooms 1.76

Popular Neighborhoods in Globe

Popular Communities Near Globe, AZ

Zip Codes in Globe, AZ