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 82,835, 24,835 total housing units (homes and apartments), and a median house value of $358,034, Goodyear house prices are not only among the most expensive in Arizona, Goodyear 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 Goodyear, accounting for 90.10% of the city's housing units. Other types of housing that are prevalent in Goodyear include large apartment complexes or high rise apartments ( 6.63%), duplexes, homes converted to apartments or other small apartment buildings ( 1.33%), and a few row houses and other attached homes ( 1.15%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Goodyear. Owner-occupied housing accounts for 71.40% of Goodyear's homes, and 68.67% have either three or four bedrooms, which is average sized relative to America.
Goodyear homes and real estate are some of the newest in America. 77.25% of Goodyear's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Goodyear real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 19.77%), and between 1940-1969 ( 2.69%).
Vacant housing appears to be an issue in Goodyear. Fully 11.95% of the housing stock is classified as vacant. Left unchecked, vacant Goodyear homes and apartments can be a drag on the real estate market, holding Goodyear 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.
In the last 10 years, Goodyear has experienced some of the highest home appreciation rates of any community in the nation. Goodyear real estate appreciated 73.95% over the last ten years, which is an average annual home appreciation rate of 5.69%, putting Goodyear in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Goodyear definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Goodyear that despite a nationwide downturn in the housing market, Goodyear real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Goodyear appreciation rates continue to be some of the highest in America, at 5.39%, which is higher than appreciation rates in 76.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Goodyear. Goodyear appreciation rates in the latest quarter were at 1.01%, which equates to an annual appreciation rate of 4.11%.
Relative to Arizona, our data show that Goodyear's latest annual appreciation rate is lower than 60% of the other cities and towns in Arizona.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Goodyear differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Goodyear - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Goodyear real estate investment or home purchase decisions.
|$963,001 - $1,284,000||0.6|
|$642,001 - $963,000||3.2|
|$514,001 - $642,000||7.8|
|$386,001 - $514,000||22.9|
|$256,001 - $386,000||37.6|
|$128,001 - $256,000||24.6|
|$64,001 - $128,000||1.7|
|$0 - $64,000||1.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
2000 Q1 - 2019 Q4
|* 10 is highest|
|AGE OF Goodyear HOMES|
|2000 or Newer||77.3|
|1970 - 1999||19.8|
|1940 - 1969||2.7|
|1939 or Older||0.3|
|TYPE OF Goodyear HOMES|
|Small Apt. Buildings||1.3|
|SIZE OF Goodyear HOMES|
|5 or more bedrooms||7.76|