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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Oro Valley, AZ Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Oro Valley, AZ Housing Market Trends

With 48,226 people, 21,019 houses or apartments, and a median cost of homes of $578,436, Oro Valley house prices are not only among the most expensive in Arizona, Oro Valley real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Oro Valley, accounting for 73.03% of the town's housing units. Other types of housing that are prevalent in Oro Valley include large apartment complexes or high rise apartments ( 16.58%), row houses and other attached homes ( 6.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oro Valley. Owner-occupied housing accounts for 76.40% of Oro Valley's homes, and 57.67% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Oro 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 Oro Valley built between 2000 and later ( 33.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.58%).

Vacant housing appears to be an issue in Oro Valley. Fully 11.92% of the housing stock is classified as vacant. Left unchecked, vacant Oro Valley homes and apartments can be a drag on the real estate market, holding Oro 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.

Oro Valley Home Appreciation Rates

Appreciation rates for homes in Oro Valley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 87.97%, which ranks in the top 50% nationwide. This equates to an annual average Oro Valley house appreciation rate of 6.51%.

Over the last year, Oro Valley appreciation rates have trailed the rest of the nation. In the last twelve months, Oro Valley's appreciation rate has been 2.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oro Valley were at 0.89%, which equates to an annual appreciation rate of 3.59%.

Relative to Arizona, our data show that Oro Valley's latest annual appreciation rate is lower than 50% 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 Oro Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Oro Valley - 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 Oro Valley real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$578,436

Oro Valley, AZ Home Prices
> $1,322,000
$992,001 - $1,322,000
$661,001 - $992,000
$529,001 - $661,000
$397,001 - $529,000
$264,001 - $397,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
4.6%
4.6%
6.3%
6.3%
18.1%
18.1%
23.4%
23.4%
27.6%
27.6%
14.9%
14.9%
3.6%
3.6%
0.6%
0.6%
0.8%
0.8%
0% 100.0%
% of Homes
Very High

for Arizona

Very High

for nation

Number of Homes And Apartments:

21,019

Oro Valley Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,690 / per month

Homeownership Rate

Owners
Renters
76.4%
76.4%
23.6%
23.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.9%
11.9%
88.1%
88.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
33.5%
33.5%
62.8%
62.8%
3.6%
3.6%
0.1%
0.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.0%
73.0%
6.5%
6.5%
3.1%
3.1%
16.6%
16.6%
0.7%
0.7%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
7.3%
7.3%
29.3%
29.3%
33.1%
33.1%
24.6%
24.6%
5.2%
5.2%
0% 100.0%
% of Homes