Gold Canyon, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Gold Canyon Neighborhoods Since 2000




Gold Canyon, 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

Gold Canyon Housing Market Information

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 Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$389,403

Gold Canyon, AZ HOME PRICES

Value Range
> $1,270,000 1.3
$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

Very High for AZ
Very High for Nation

Value Relative to Nation Value Relative to State
9.93202859486699 5.40540540540541

Number Of Homes And Apartments:
4,638

Gold Canyon 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
53.44% 2.51% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,674 / per month

Homeownership Rate

Homeownership
Owners 90.16
Renters 9.84
Vacant 32.42

Housing Market Details

 

Age of Homes

AGE OF Gold Canyon HOMES
2000 or Newer 61.2
1970 - 1999 38.4
1940 - 1969 0.5
1939 or Older 0.0

Types of Homes

TYPE OF Gold Canyon HOMES
Single-Family 83.0
Townhomes 3.8
Small Apt. Buildings 3.8
Apt. Complexes 0.0
Mobile Homes 9.1
Other 0.3

Home Size

SIZE OF Gold Canyon HOMES
No Bedroom 0.00
1 Bedroom 5.96
2 Bedrooms 29.54
3 Bedrooms 50.43
4 Bedrooms 12.40
5 or more bedrooms 1.68

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