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




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Heber-Overgaard, 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

Heber-Overgaard Housing Market Information

With 2,842 people, 997 houses or apartments, and a median cost of homes of $163,683, Heber-Overgaard real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Heber-Overgaard, accounting for 60.14% of the town's housing units. Other types of housing that are prevalent in Heber-Overgaard include mobile homes or trailers ( 37.36%), duplexes, homes converted to apartments or other small apartment buildings ( 1.82%).

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 ( 22.30%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.43%). There's also some housing in Heber-Overgaard built before 1939 ( 1.50%).

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 31.70% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Heber-Overgaard home appreciation rates at 1.55%, which equates to an annual appreciation rate of 6.33%.

NeighborhoodScout's data show that during the latest twelve months, Heber-Overgaard's appreciation rate, at 3.40%, has been at or slightly above the national average. In the latest quarter, Heber-Overgaard's appreciation rate has been 1.55%, which annualizes to a rate of 6.33%.

Relative to Arizona, our data show that Heber-Overgaard's latest annual appreciation rate is lower than 80% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$163,683

Heber-Overgaard, AZ HOME PRICES

Value Range
> $1,136,000 0.8
$851,001 - $1,136,000 0.0
$568,001 - $851,000 1.9
$454,001 - $568,000 2.9
$341,001 - $454,000 9.9
$227,001 - $341,000 6.4
$114,001 - $227,000 35.2
$56,001 - $114,000 29.8
$0 - $56,000 13.0

Average for AZ
Average for Nation

Value Relative to Nation Value Relative to State
44.1872729403492 40.5405405405405

Number Of Homes And Apartments:
997

Heber-Overgaard 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
20.50% 1.09% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,318 / per month

Homeownership Rate

Homeownership
Owners 60.16
Renters 39.84
Vacant 71.72

Housing Market Details

 

Age of Homes

AGE OF Heber-Overgaard HOMES
2000 or Newer 22.3
1970 - 1999 64.8
1940 - 1969 11.4
1939 or Older 1.5

Types of Homes

TYPE OF Heber-Overgaard HOMES
Single-Family 60.1
Townhomes 0.1
Small Apt. Buildings 1.8
Apt. Complexes 0.0
Mobile Homes 37.4
Other 0.5

Home Size

SIZE OF Heber-Overgaard HOMES
No Bedroom 0.57
1 Bedroom 20.71
2 Bedrooms 39.06
3 Bedrooms 31.01
4 Bedrooms 8.65
5 or more bedrooms 0.00

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Zip Codes in Heber-Overgaard, AZ