Pinon, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pinon Neighborhoods Since 2000




Pinon, 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

Pinon Housing Market Information

With a population of 911, 239 total housing units (homes and apartments), and a median house value of $82,732, house prices in Pinon are some of the most affordable in Arizona as well as the nation.

Single-family detached homes are the single most common housing type in Pinon, accounting for 73.33% of the town's housing units. Other types of housing that are prevalent in Pinon include mobile homes or trailers ( 14.24%), duplexes, homes converted to apartments or other small apartment buildings ( 10.61%), and a few large apartment complexes or high rise apartments ( 1.82%).

People in Pinon primarily live in small (one, two or no bedroom) single-family detached homes. Pinon has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Pinon 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 Pinon built between 2000 and later ( 20.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.55%). There's also some housing in Pinon built before 1939 ( 2.12%).

Vacant housing appears to be an issue in Pinon. Fully 27.58% of the housing stock is classified as vacant. Left unchecked, vacant Pinon homes and apartments can be a drag on the real estate market, holding Pinon 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.

Pinon Home Appreciation Rates

Real estate appreciation rates in Pinon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.29% during the period.

Appreciation rates are so strong in Pinon that despite a nationwide downturn in the housing market, Pinon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pinon appreciation rates continue to be some of the highest in America, at 9.90%, which is higher than appreciation rates in 93.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pinon. Pinon appreciation rates in the latest quarter were at 1.55%, which equates to an annual appreciation rate of 6.33%.

Relative to Arizona, our data show that Pinon's latest annual appreciation rate is higher than 70% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$82,732

Pinon, AZ HOME PRICES

Value Range
> $1,238,000 3.5
$929,001 - $1,238,000 0.0
$619,001 - $929,000 0.7
$496,001 - $619,000 0.0
$372,001 - $496,000 2.9
$248,001 - $372,000 6.0
$124,001 - $248,000 18.7
$62,001 - $124,000 30.0
$0 - $62,000 38.2

Very Low for AZ
Very Low for Nation

Value Relative to Nation Value Relative to State
88.7437009258174 84.4594594594595

Number Of Homes And Apartments:
239

Pinon 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
66.74% 3.01% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$685 / per month

Homeownership Rate

Homeownership
Owners 41.32
Renters 58.68
Vacant 27.58

Housing Market Details

 

Age of Homes

AGE OF Pinon HOMES
2000 or Newer 20.6
1970 - 1999 72.7
1940 - 1969 4.5
1939 or Older 2.1

Types of Homes

TYPE OF Pinon HOMES
Single-Family 73.3
Townhomes 0.0
Small Apt. Buildings 10.6
Apt. Complexes 1.8
Mobile Homes 14.2
Other 0.0

Home Size

SIZE OF Pinon HOMES
No Bedroom 9.39
1 Bedroom 12.12
2 Bedrooms 29.39
3 Bedrooms 38.18
4 Bedrooms 7.58
5 or more bedrooms 3.33

Popular Neighborhoods in Pinon

Popular Communities Near Pinon, AZ

Zip Codes in Pinon, AZ