Mohave Valley, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mohave Valley, AZ Real Estate Data


Mohave Valley Housing Market Information

With 2,697 people, 1,089 houses or apartments, and a median cost of homes of $121,721, house prices in Mohave Valley are solidly below the national average.

Single-family detached homes are the single most common housing type in Mohave Valley, accounting for 74.85% of the town's housing units. Other types of housing that are prevalent in Mohave Valley include mobile homes or trailers ( 24.62%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mohave Valley. Owner-occupied housing accounts for 65.20% of Mohave Valley's homes, and 69.44% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mohave Valley 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 Mohave Valley built between 2000 and later ( 29.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.06%).

Vacant housing appears to be an issue in Mohave Valley. Fully 28.12% of the housing stock is classified as vacant. Left unchecked, vacant Mohave Valley homes and apartments can be a drag on the real estate market, holding Mohave Valley 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.

Mohave Valley Home Appreciation Rates

Homes have actually lost value in Mohave Valley over the last then years, as home values have seen a decline of 37.71% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mohave Valley home appreciation rates at 2.40%, which equates to an annual appreciation rate of 9.96%.

Appreciation rates are so strong in Mohave Valley that despite a nationwide downturn in the housing market, Mohave Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mohave Valley appreciation rates continue to be some of the highest in America, at 6.25%, which is higher than appreciation rates in 77.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mohave Valley. Mohave Valley appreciation rates in the latest quarter were at 2.40%, which equates to an annual appreciation rate of 9.96%.

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

Average Home Values

 

Median Home Value:
$121,721

Mohave Valley, AZ HOME PRICES

Value Range
> $1,192,000 0.8
$894,001 - $1,192,000 3.1
$596,001 - $894,000 2.5
$477,001 - $596,000 0.9
$358,001 - $477,000 0.0
$239,001 - $358,000 8.0
$119,001 - $239,000 35.8
$60,001 - $119,000 30.5
$0 - $60,000 18.3

Low for AZ
Low for Nation

Value Relative to Nation Value Relative to State
65.3569128066991 66.4429530201342

Number Of Homes And Apartments:
1,089

Rent & Ownership

 

Average Market Rent:
$847 / per month

Homeownership Rate

Homeownership
Owners 65.20
Renters 34.80
Vacant 28.12

Housing Market Details

 

Age of Homes

AGE OF Mohave Valley HOMES
2000 or Newer 29.2
1970 - 1999 63.8
1940 - 1969 7.1
1939 or Older 0.0

Types of Homes

TYPE OF Mohave Valley HOMES
Single-Family 74.9
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.5
Mobile Homes 24.6
Other 0.0

Home Size

SIZE OF Mohave Valley HOMES
No Bedroom 0.00
1 Bedroom 0.59
2 Bedrooms 29.97
3 Bedrooms 58.02
4 Bedrooms 11.42
5 or more bedrooms 0.00

Mohave Valley 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
35.87% 1.82% 3 4
* 10 is highest

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Zip Codes in Mohave Valley, AZ