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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 53,553, 22,788 total housing units (homes and apartments), and a median house value of $252,455, Lake Havasu City real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Lake Havasu City, accounting for 78.66% of the city's housing units. Other types of housing that are prevalent in Lake Havasu City include duplexes, homes converted to apartments or other small apartment buildings ( 7.27%), large apartment complexes or high rise apartments ( 7.15%), and a few mobile homes or trailers ( 3.79%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lake Havasu City. Owner-occupied housing accounts for 66.79% of Lake Havasu City's homes, and 68.68% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lake Havasu City 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 Lake Havasu City built between 2000 and later ( 29.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.43%).
Vacant housing appears to be an issue in Lake Havasu City. Fully 30.90% of the housing stock is classified as vacant. Left unchecked, vacant Lake Havasu City homes and apartments can be a drag on the real estate market, holding Lake Havasu City 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.
Lake Havasu City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lake Havasu City during the period has been just -1.23%, which is lower than 80% of US communities.
Appreciation rates are so strong in Lake Havasu City that despite a nationwide downturn in the housing market, Lake Havasu City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lake Havasu City appreciation rates continue to be some of the highest in America, at 7.28%, which is higher than appreciation rates in 77.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lake Havasu City. Lake Havasu City appreciation rates in the latest quarter were at 4.31%, which equates to an annual appreciation rate of 18.39%.
Importantly, this makes Lake Havasu City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Arizona, our data show that Lake Havasu City's latest annual appreciation rate is lower than 60% 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 city. Individual neighborhoods within Lake Havasu City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lake Havasu City - 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 Lake Havasu City real estate investment or home purchase decisions.
|$988,001 - $1,317,000||0.4|
|$659,001 - $988,000||2.3|
|$527,001 - $659,000||4.7|
|$395,001 - $527,000||12.4|
|$263,001 - $395,000||28.9|
|$132,001 - $263,000||39.6|
|$66,001 - $132,000||6.7|
|$0 - $66,000||4.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Lake Havasu City HOMES|
|2000 or Newer||29.4|
|1970 - 1999||66.1|
|1940 - 1969||4.4|
|1939 or Older||0.1|
|TYPE OF Lake Havasu City HOMES|
|Small Apt. Buildings||7.3|
|SIZE OF Lake Havasu City HOMES|
|5 or more bedrooms||0.69|