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 a population of 10,159, 4,638 total housing units (homes and apartments), and a median house value of $389,403, Gold Canyon house prices are not only among the most expensive in Arizona, Gold Canyon 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 Gold Canyon, accounting for 82.95% of the town's housing units. Other types of housing that are prevalent in Gold Canyon include mobile homes or trailers ( 9.12%), row houses and other attached homes ( 3.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.76%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gold Canyon. Owner-occupied housing accounts for 90.16% of Gold Canyon's homes, and 62.83% have either three or four bedrooms, which is average sized relative to America.
Gold Canyon homes and real estate are some of the newest in America. 61.15% of Gold Canyon's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Gold Canyon real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 38.38%), and between 1940-1969 ( 0.47%).
Vacant housing appears to be an issue in Gold Canyon. Fully 32.42% of the housing stock is classified as vacant. Left unchecked, vacant Gold Canyon homes and apartments can be a drag on the real estate market, holding Gold Canyon 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.
Gold Canyon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gold Canyon during the period has been just -1.86%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Gold Canyon's appreciation rate, at 5.55%, has been at or slightly above the national average. In the latest quarter, Gold Canyon's appreciation rate has been 2.04%, which annualizes to a rate of 8.40%.
Importantly, this makes Gold Canyon 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 Gold Canyon's latest annual appreciation rate is lower than 80% of the other cities and towns in Arizona.
|$953,001 - $1,270,000||1.8|
|$635,001 - $953,000||4.2|
|$508,001 - $635,000||9.1|
|$381,001 - $508,000||17.7|
|$254,001 - $381,000||33.2|
|$127,001 - $254,000||22.6|
|$63,001 - $127,000||5.4|
|$0 - $63,000||4.8|
|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 Gold Canyon HOMES|
|2000 or Newer||61.2|
|1970 - 1999||38.4|
|1940 - 1969||0.5|
|1939 or Older||0.0|
|TYPE OF Gold Canyon HOMES|
|Small Apt. Buildings||3.8|
|SIZE OF Gold Canyon HOMES|
|5 or more bedrooms||1.68|