Marana, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Marana Neighborhoods Since 2000




Marana, 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

Marana Housing Market Information

With 41,315 people, 13,821 houses or apartments, and a median cost of homes of $199,557, Marana real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Marana, accounting for 86.97% of the town's housing units. Other types of housing that are prevalent in Marana include large apartment complexes or high rise apartments ( 6.91%), mobile homes or trailers ( 2.81%), and a few row houses and other attached homes ( 1.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marana. Owner-occupied housing accounts for 72.95% of Marana's homes, and 70.37% have either three or four bedrooms, which is average sized relative to America.

Marana homes and real estate are some of the newest in America. 64.58% of Marana's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Marana real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.38%), and between 1940-1969 ( 2.96%).

Marana Home Appreciation Rates

Homes have actually lost value in Marana over the last then years, as home values have seen a decline of 25.85% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Marana home appreciation rates at 0.60%, which equates to an annual appreciation rate of 2.42%.

Over the last year, Marana appreciation rates have trailed the rest of the nation. In the last twelve months, Marana's appreciation rate has been -0.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marana were at 0.60%, which equates to an annual appreciation rate of 2.42%.

Relative to Arizona, our data show that Marana's latest annual appreciation rate is lower than 90% 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 town. Individual neighborhoods within Marana differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Marana - 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 Marana real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$199,557

Marana, AZ HOME PRICES

Value Range
> $1,112,000 1.1
$834,001 - $1,112,000 1.1
$556,001 - $834,000 2.1
$445,001 - $556,000 3.5
$334,001 - $445,000 9.4
$222,001 - $334,000 32.9
$111,001 - $222,000 40.9
$56,001 - $111,000 3.8
$0 - $56,000 5.1

High for AZ
High for Nation

Value Relative to Nation Value Relative to State
32.3801711004336 27.7027027027027

Number Of Homes And Apartments:
13,821

Marana 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
32.04% 1.62% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,643 / per month

Homeownership Rate

Homeownership
Owners 72.95
Renters 27.05
Vacant 6.30

Housing Market Details

 

Age of Homes

AGE OF Marana HOMES
2000 or Newer 64.6
1970 - 1999 32.4
1940 - 1969 3.0
1939 or Older 0.1

Types of Homes

TYPE OF Marana HOMES
Single-Family 87.0
Townhomes 1.6
Small Apt. Buildings 1.3
Apt. Complexes 6.9
Mobile Homes 2.8
Other 0.4

Home Size

SIZE OF Marana HOMES
No Bedroom 0.22
1 Bedroom 4.09
2 Bedrooms 20.68
3 Bedrooms 42.27
4 Bedrooms 28.09
5 or more bedrooms 4.64