Page, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Page Neighborhoods Since 2000




Page, AZ Real Estate Data


Page Housing Market Information

With 7,490 people, 2,273 houses or apartments, and a median cost of homes of $218,648, Page real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Page, accounting for 49.49% of the city's housing units. Other types of housing that are prevalent in Page include mobile homes or trailers ( 39.06%), large apartment complexes or high rise apartments ( 8.06%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.62%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Page. Owner-occupied housing accounts for 70.52% of Page's homes, and 54.96% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Page 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 Page built between 2000 and later ( 14.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.90%).

Vacant housing appears to be an issue in Page. Fully 13.54% of the housing stock is classified as vacant. Left unchecked, vacant Page homes and apartments can be a drag on the real estate market, holding Page 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.

Page Home Appreciation Rates

Page's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Page during the period has been just -0.73%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Page's appreciation rate, at 5.54%, has been at or slightly above the national average. In the latest quarter, Page's appreciation rate has been 4.71%, which annualizes to a rate of 20.22%.

Importantly, this makes Page 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 Page's latest annual appreciation rate is lower than 60% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$218,648

Page, AZ HOME PRICES

Value Range
> $1,370,000 0.0
$1,028,001 - $1,370,000 0.0
$685,001 - $1,028,000 3.7
$548,001 - $685,000 3.2
$411,001 - $548,000 8.2
$274,001 - $411,000 23.2
$137,001 - $274,000 29.0
$68,001 - $137,000 16.6
$0 - $68,000 16.0

High for AZ
High for Nation

Value Relative to Nation Value Relative to State
28.8575276687943 26.1744966442953

Number Of Homes And Apartments:
2,273

Rent & Ownership

 

Average Market Rent:
$1,229 / per month

Homeownership Rate

Homeownership
Owners 70.52
Renters 29.48
Vacant 13.54

Housing Market Details

 

Age of Homes

AGE OF Page HOMES
2000 or Newer 14.9
1970 - 1999 76.2
1940 - 1969 8.9
1939 or Older 0.0

Types of Homes

TYPE OF Page HOMES
Single-Family 49.5
Townhomes 0.0
Small Apt. Buildings 2.6
Apt. Complexes 8.1
Mobile Homes 39.1
Other 0.8

Home Size

SIZE OF Page HOMES
No Bedroom 7.68
1 Bedroom 4.30
2 Bedrooms 25.64
3 Bedrooms 36.67
4 Bedrooms 18.30
5 or more bedrooms 7.42

Page 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
54.79% 2.60% 6 7
* 10 is highest

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Zip Codes in Page, AZ