Maricopa, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Maricopa, AZ Real Estate Data


Maricopa Housing Market Information

With 48,602 people, 14,481 houses or apartments, and a median cost of homes of $216,892, Maricopa real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Maricopa, accounting for 96.55% of the city's housing units. Other types of housing that are prevalent in Maricopa include mobile homes or trailers ( 1.51%), row houses and other attached homes ( 1.27%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Maricopa. Owner-occupied housing accounts for 77.99% of Maricopa's homes, and 82.12% have either three or four bedrooms, which is average sized relative to America.

Maricopa homes and real estate are some of the newest in America. 92.82% of Maricopa's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Maricopa real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 5.31%), and between 1940-1969 ( 1.87%).

Vacant housing appears to be an issue in Maricopa. Fully 19.61% of the housing stock is classified as vacant. Left unchecked, vacant Maricopa homes and apartments can be a drag on the real estate market, holding Maricopa 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.

Maricopa Home Appreciation Rates

Maricopa's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Maricopa during the period has been just -1.40%, which is lower than 80% of US communities.

Appreciation rates are so strong in Maricopa that despite a nationwide downturn in the housing market, Maricopa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Maricopa appreciation rates continue to be some of the highest in America, at 8.81%, which is higher than appreciation rates in 95.04% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Maricopa. Maricopa appreciation rates in the latest quarter were at 2.46%, which equates to an annual appreciation rate of 10.22%.

Relative to Arizona, our data show that Maricopa's latest annual appreciation rate is higher than 80% 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 Maricopa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Maricopa - 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 Maricopa real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$216,892

Maricopa, AZ HOME PRICES

Value Range
> $1,617,000 0.1
$1,212,001 - $1,617,000 0.1
$808,001 - $1,212,000 0.3
$647,001 - $808,000 0.3
$485,001 - $647,000 2.1
$323,001 - $485,000 12.4
$162,001 - $323,000 60.3
$81,001 - $162,000 23.1
$0 - $81,000 1.3

High for AZ
High for Nation

Value Relative to Nation Value Relative to State
29.2147332669673 28.1879194630872

Number Of Homes And Apartments:
14,481

Rent & Ownership

 

Average Market Rent:
$1,470 / per month

Homeownership Rate

Homeownership
Owners 77.99
Renters 22.01
Vacant 19.61

Housing Market Details

 

Age of Homes

AGE OF Maricopa HOMES
2000 or Newer 92.8
1970 - 1999 5.3
1940 - 1969 1.9
1939 or Older 0.0

Types of Homes

TYPE OF Maricopa HOMES
Single-Family 96.5
Townhomes 1.3
Small Apt. Buildings 0.3
Apt. Complexes 0.4
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Maricopa HOMES
No Bedroom 0.07
1 Bedroom 0.98
2 Bedrooms 5.73
3 Bedrooms 49.91
4 Bedrooms 32.22
5 or more bedrooms 11.09

Maricopa 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
105.00% 4.31% 10 10
* 10 is highest