Page, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Page Neighborhoods Since 2000




Page, 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

Page Housing Market Information

With 7,490 people, 2,321 houses or apartments, and a median cost of homes of $186,108, 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 46.79% of the city's housing units. Other types of housing that are prevalent in Page include mobile homes or trailers ( 39.15%), large apartment complexes or high rise apartments ( 9.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.69%).

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 67.05% of Page's homes, and 51.73% 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 1940-1969 ( 13.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.51%).

Vacant housing appears to be an issue in Page. Fully 14.35% 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 -1.19%, which is lower than 70% of US communities.

Appreciation rates are so strong in Page that despite a nationwide downturn in the housing market, Page real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Page appreciation rates continue to be some of the highest in America, at 10.45%, which is higher than appreciation rates in 94.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Page. Page appreciation rates in the latest quarter were at 2.62%, which equates to an annual appreciation rate of 10.91%.

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 higher than 80% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$186,108

Page, AZ HOME PRICES

Value Range
> $1,212,000 0.0
$909,001 - $1,212,000 0.0
$606,001 - $909,000 2.7
$485,001 - $606,000 0.9
$364,001 - $485,000 7.3
$243,001 - $364,000 23.9
$121,001 - $243,000 36.2
$60,001 - $121,000 11.8
$0 - $60,000 17.1

High for AZ
High for Nation

Value Relative to Nation Value Relative to State
36.0248447204969 33.7837837837838

Number Of Homes And Apartments:
2,321

Page 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
54.16% 2.54% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,087 / per month

Homeownership Rate

Homeownership
Owners 67.05
Renters 32.95
Vacant 14.35

Housing Market Details

 

Age of Homes

AGE OF Page HOMES
2000 or Newer 12.5
1970 - 1999 74.1
1940 - 1969 13.4
1939 or Older 0.0

Types of Homes

TYPE OF Page HOMES
Single-Family 46.8
Townhomes 0.0
Small Apt. Buildings 3.7
Apt. Complexes 9.6
Mobile Homes 39.2
Other 0.8

Home Size

SIZE OF Page HOMES
No Bedroom 9.85
1 Bedroom 3.32
2 Bedrooms 27.42
3 Bedrooms 33.95
4 Bedrooms 17.79
5 or more bedrooms 7.68

Popular Neighborhoods in Page

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Zip Codes in Page, AZ