Holbrook, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Holbrook Neighborhoods Since 2000




Holbrook, 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

Holbrook Housing Market Information

With 5,019 people, 1,642 houses or apartments, and a median cost of homes of $90,001, house prices in Holbrook are solidly below the national average.

Single-family detached homes are the single most common housing type in Holbrook, accounting for 63.08% of the city's housing units. Other types of housing that are prevalent in Holbrook include mobile homes or trailers ( 21.86%), duplexes, homes converted to apartments or other small apartment buildings ( 9.99%), and a few large apartment complexes or high rise apartments ( 4.55%).

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 63.05% owning and 36.95% 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 ( 35.88%). A lesser amount of the housing stock also hails from before 1939 ( 10.62%). There's also some housing in Holbrook built between 2000 and later ( 5.02%).

Vacant housing appears to be an issue in Holbrook. Fully 14.12% 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

Real estate appreciation rates in Holbrook's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.79% during the period.

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 7.93%, which is higher than appreciation rates in 86.38% 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 1.55%, which equates to an annual appreciation rate of 6.33%.

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

Average Home Values

 

Median Home Value:
$90,001

Holbrook, AZ HOME PRICES

Value Range
> $1,245,000 1.2
$934,001 - $1,245,000 0.0
$623,001 - $934,000 0.0
$498,001 - $623,000 0.4
$373,001 - $498,000 3.8
$249,001 - $373,000 3.8
$125,001 - $249,000 25.2
$62,001 - $125,000 41.2
$0 - $62,000 24.4

Low for AZ
Very Low for Nation

Value Relative to Nation Value Relative to State
83.9681237548342 79.7297297297297

Number Of Homes And Apartments:
1,642

Holbrook 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
45.42% 2.19% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$983 / per month

Homeownership Rate

Homeownership
Owners 63.05
Renters 36.95
Vacant 14.12

Housing Market Details

 

Age of Homes

AGE OF Holbrook HOMES
2000 or Newer 5.0
1970 - 1999 48.5
1940 - 1969 35.9
1939 or Older 10.6

Types of Homes

TYPE OF Holbrook HOMES
Single-Family 63.1
Townhomes 0.5
Small Apt. Buildings 10.0
Apt. Complexes 4.6
Mobile Homes 21.9
Other 0.0

Home Size

SIZE OF Holbrook HOMES
No Bedroom 2.98
1 Bedroom 9.99
2 Bedrooms 26.57
3 Bedrooms 47.38
4 Bedrooms 11.82
5 or more bedrooms 1.26

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Zip Codes in Holbrook, AZ