Green Valley, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Green Valley Neighborhoods Since 2000




Green Valley, 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

Green Valley Housing Market Information

With 21,810 people, 13,233 houses or apartments, and a median cost of homes of $181,751, Green Valley real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Green Valley, accounting for 55.02% of the town's housing units. Other types of housing that are prevalent in Green Valley include row houses and other attached homes ( 28.19%), large apartment complexes or high rise apartments ( 7.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.36%).

Dwellings in Green Valley tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 83.69% of the homes in Green Valley have two or fewer bedrooms.

There is a lot of housing in Green Valley 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 Green Valley built between 2000 and later ( 22.29%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.74%).

Vacant housing appears to be an issue in Green Valley. Fully 25.50% of the housing stock is classified as vacant. Left unchecked, vacant Green Valley homes and apartments can be a drag on the real estate market, holding Green Valley 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.

Green Valley Home Appreciation Rates

Homes have actually lost value in Green Valley over the last then years, as home values have seen a decline of 27.01% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Green Valley home appreciation rates at 0.60%, which equates to an annual appreciation rate of 2.42%.

Appreciation rates are so strong in Green Valley that despite a nationwide downturn in the housing market, Green Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Green Valley appreciation rates continue to be some of the highest in America, at 5.93%, which is higher than appreciation rates in 73.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Green Valley. Green Valley appreciation rates in the latest quarter were at 0.60%, which equates to an annual appreciation rate of 2.42%.

Relative to Arizona, our data show that Green Valley's latest annual appreciation rate is lower than 70% 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 town. Individual neighborhoods within Green Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Green Valley - 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 Green Valley real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$181,751

Green Valley, AZ HOME PRICES

Value Range
> $1,125,000 0.2
$844,001 - $1,125,000 0.3
$562,001 - $844,000 1.5
$450,001 - $562,000 2.5
$337,001 - $450,000 8.1
$225,001 - $337,000 22.0
$112,001 - $225,000 47.7
$56,001 - $112,000 13.2
$0 - $56,000 4.7

High for AZ
High for Nation

Value Relative to Nation Value Relative to State
37.5659205437712 34.4594594594595

Number Of Homes And Apartments:
13,233

Green Valley 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
35.13% 1.76% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,087 / per month

Homeownership Rate

Homeownership
Owners 81.31
Renters 18.69
Vacant 25.50

Housing Market Details

 

Age of Homes

AGE OF Green Valley HOMES
2000 or Newer 22.3
1970 - 1999 66.8
1940 - 1969 10.7
1939 or Older 0.2

Types of Homes

TYPE OF Green Valley HOMES
Single-Family 55.0
Townhomes 28.2
Small Apt. Buildings 6.4
Apt. Complexes 7.4
Mobile Homes 2.7
Other 0.4

Home Size

SIZE OF Green Valley HOMES
No Bedroom 1.98
1 Bedroom 9.74
2 Bedrooms 71.96
3 Bedrooms 14.54
4 Bedrooms 1.64
5 or more bedrooms 0.14