Heber-Overgaard, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Heber-Overgaard, AZ Real Estate Data


Heber-Overgaard Housing Market Information

With 2,842 people, 960 houses or apartments, and a median cost of homes of $193,465, Heber-Overgaard real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Heber-Overgaard, accounting for 65.86% of the town's housing units. Other types of housing that are prevalent in Heber-Overgaard include mobile homes or trailers ( 32.08%), duplexes, homes converted to apartments or other small apartment buildings ( 1.35%).

People in Heber-Overgaard primarily live in small (one, two or no bedroom) single-family detached homes. Heber-Overgaard has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Heber-Overgaard 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 Heber-Overgaard built between 2000 and later ( 22.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.30%). There's also some housing in Heber-Overgaard built before 1939 ( 1.54%).

A decent proportion of the Heber-Overgaard housing stock is seasonally occupied. That is, homes and condos in Heber-Overgaard are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Heber-Overgaard housing market speaks to its popularity as a vacation location of choice.

Heber-Overgaard Home Appreciation Rates

Homes have actually lost value in Heber-Overgaard over the last then years, as home values have seen a decline of 27.32% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Heber-Overgaard home appreciation rates at -0.05%, which equates to an annual appreciation rate of -0.18%.

Over the last year, Heber-Overgaard appreciation rates have trailed the rest of the nation. In the last twelve months, Heber-Overgaard's appreciation rate has been 3.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Heber-Overgaard were at -0.05%, which equates to an annual appreciation rate of -0.18%.

Notably, Heber-Overgaard's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Arizona, our data show that Heber-Overgaard's latest annual appreciation rate is lower than 90% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$193,465

Heber-Overgaard, AZ HOME PRICES

Value Range
> $1,184,000 0.9
$888,001 - $1,184,000 0.0
$592,001 - $888,000 2.3
$473,001 - $592,000 1.3
$355,001 - $473,000 8.7
$237,001 - $355,000 13.1
$118,001 - $237,000 32.8
$59,001 - $118,000 30.1
$0 - $59,000 10.7

High for AZ
High for Nation

Value Relative to Nation Value Relative to State
34.8070504186918 35.5704697986577

Number Of Homes And Apartments:
960

Rent & Ownership

 

Average Market Rent:
$1,196 / per month

Homeownership Rate

Homeownership
Owners 61.38
Renters 38.62
Vacant 73.59

Housing Market Details

 

Age of Homes

AGE OF Heber-Overgaard HOMES
2000 or Newer 22.4
1970 - 1999 60.7
1940 - 1969 15.3
1939 or Older 1.5

Types of Homes

TYPE OF Heber-Overgaard HOMES
Single-Family 65.9
Townhomes 0.1
Small Apt. Buildings 1.3
Apt. Complexes 0.0
Mobile Homes 32.1
Other 0.6

Home Size

SIZE OF Heber-Overgaard HOMES
No Bedroom 0.58
1 Bedroom 19.56
2 Bedrooms 37.80
3 Bedrooms 30.56
4 Bedrooms 10.43
5 or more bedrooms 1.07

Heber-Overgaard Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AZ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
21.43% 1.15% 1 2
* 10 is highest

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Zip Codes in Heber-Overgaard, AZ