Pinon, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pinon, AZ Real Estate Data


Pinon Housing Market Information

With a population of 911, 266 total housing units (homes and apartments), and a median house value of $76,716, 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 71.75% of the town's housing units. Other types of housing that are prevalent in Pinon include mobile homes or trailers ( 15.82%), duplexes, homes converted to apartments or other small apartment buildings ( 7.63%), and a few large apartment complexes or high rise apartments ( 3.11%).

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 ( 14.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.19%). There's also some housing in Pinon built before 1939 ( 1.69%).

Vacant housing appears to be an issue in Pinon. Fully 24.86% 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 0.06% during the period.

NeighborhoodScout's data show that during the latest twelve months, Pinon's appreciation rate, at 5.37%, has been at or slightly above the national average. In the latest quarter, Pinon's appreciation rate has been -0.05%, which annualizes to a rate of -0.18%.

Notably, Pinon's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Arizona, our data show that Pinon's latest annual appreciation rate is lower than 60% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$76,716

Pinon, AZ HOME PRICES

Value Range
> $1,286,000 3.6
$965,001 - $1,286,000 0.0
$643,001 - $965,000 0.7
$515,001 - $643,000 0.1
$386,001 - $515,000 3.2
$257,001 - $386,000 6.1
$129,001 - $257,000 9.2
$64,001 - $129,000 34.8
$0 - $64,000 42.4

Very Low for AZ
Very Low for Nation

Value Relative to Nation Value Relative to State
92.8675996954969 91.9463087248322

Number Of Homes And Apartments:
266

Rent & Ownership

 

Average Market Rent:
$494 / per month

Homeownership Rate

Homeownership
Owners 39.85
Renters 60.15
Vacant 24.86

Housing Market Details

 

Age of Homes

AGE OF Pinon HOMES
2000 or Newer 15.0
1970 - 1999 75.1
1940 - 1969 8.2
1939 or Older 1.7

Types of Homes

TYPE OF Pinon HOMES
Single-Family 71.8
Townhomes 1.7
Small Apt. Buildings 7.6
Apt. Complexes 3.1
Mobile Homes 15.8
Other 0.0

Home Size

SIZE OF Pinon HOMES
No Bedroom 11.86
1 Bedroom 11.30
2 Bedrooms 27.40
3 Bedrooms 36.72
4 Bedrooms 9.04
5 or more bedrooms 3.67

Pinon 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
53.65% 2.56% 6 7
* 10 is highest

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Zip Codes in Pinon, AZ