Holbrook, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Holbrook, AZ Real Estate Data


Holbrook Housing Market Information

With a population of 5,019, 1,625 total housing units (homes and apartments), and a median house value of $96,499, house prices in Holbrook are some of the most affordable in Arizona as well as the nation.

Single-family detached homes are the single most common housing type in Holbrook, accounting for 62.50% of the city's housing units. Other types of housing that are prevalent in Holbrook include mobile homes or trailers ( 20.00%), duplexes, homes converted to apartments or other small apartment buildings ( 9.48%), and a few large apartment complexes or high rise apartments ( 7.40%).

The most prevalent building size and type in Holbrook are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.62% owning and 35.38% renting.

There is a lot of housing in Holbrook 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 Holbrook built between 1940-1969 ( 33.80%). A lesser amount of the housing stock also hails from before 1939 ( 8.75%). There's also some housing in Holbrook built between 2000 and later ( 6.67%).

Vacant housing appears to be an issue in Holbrook. Fully 15.36% of the housing stock is classified as vacant. Left unchecked, vacant Holbrook homes and apartments can be a drag on the real estate market, holding Holbrook 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.

Holbrook Home Appreciation Rates

Holbrook's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Holbrook during the period has been just -0.97%, which is lower than 70% of US communities.

Appreciation rates are so strong in Holbrook that despite a nationwide downturn in the housing market, Holbrook real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Holbrook appreciation rates continue to be some of the highest in America, at 6.65%, which is higher than appreciation rates in 81.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Holbrook. Holbrook appreciation rates in the latest quarter were at -0.05%, which equates to an annual appreciation rate of -0.18%.

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

Relative to Arizona, our data show that Holbrook's latest annual appreciation rate is lower than 50% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$96,499

Holbrook, AZ HOME PRICES

Value Range
> $1,204,000 1.4
$903,001 - $1,204,000 0.0
$602,001 - $903,000 0.4
$482,001 - $602,000 0.7
$361,001 - $482,000 3.9
$241,001 - $361,000 2.7
$121,001 - $241,000 24.0
$60,001 - $121,000 37.4
$0 - $60,000 29.6

Very Low for AZ
Very Low for Nation

Value Relative to Nation Value Relative to State
81.091526614745 81.8791946308725

Number Of Homes And Apartments:
1,625

Rent & Ownership

 

Average Market Rent:
$992 / per month

Homeownership Rate

Homeownership
Owners 64.62
Renters 35.38
Vacant 15.36

Housing Market Details

 

Age of Homes

AGE OF Holbrook HOMES
2000 or Newer 6.7
1970 - 1999 50.8
1940 - 1969 33.8
1939 or Older 8.8

Types of Homes

TYPE OF Holbrook HOMES
Single-Family 62.5
Townhomes 0.6
Small Apt. Buildings 9.5
Apt. Complexes 7.4
Mobile Homes 20.0
Other 0.0

Home Size

SIZE OF Holbrook HOMES
No Bedroom 3.07
1 Bedroom 6.15
2 Bedrooms 31.72
3 Bedrooms 44.38
4 Bedrooms 13.39
5 or more bedrooms 1.30

Holbrook 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
38.37% 1.93% 4 4
* 10 is highest

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Zip Codes in Holbrook, AZ