Prescott Valley, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Prescott Valley Neighborhoods Since 2000




Prescott Valley, 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

Prescott Valley Housing Market Information

With a population of 42,197, 15,774 total housing units (homes and apartments), and a median house value of $215,793, Prescott Valley real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Prescott Valley, accounting for 64.62% of the town's housing units. Other types of housing that are prevalent in Prescott Valley include duplexes, homes converted to apartments or other small apartment buildings ( 13.75%), mobile homes or trailers ( 13.55%), and a few large apartment complexes or high rise apartments ( 5.00%).

The most prevalent building size and type in Prescott Valley are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.92% owning and 38.08% renting.

There is a lot of housing in Prescott 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 Prescott Valley built between 2000 and later ( 40.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.22%).

Prescott Valley Home Appreciation Rates

Prescott Valley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Prescott Valley during the period has been just -1.52%, which is lower than 80% of US communities.

Appreciation rates are so strong in Prescott Valley that despite a nationwide downturn in the housing market, Prescott Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Prescott Valley appreciation rates continue to be some of the highest in America, at 10.02%, which is higher than appreciation rates in 93.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Prescott Valley. Prescott Valley appreciation rates in the latest quarter were at 2.54%, which equates to an annual appreciation rate of 10.54%.

Importantly, this makes Prescott Valley one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Arizona, our data show that Prescott Valley's latest annual appreciation rate is higher than 80% 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 Prescott Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Prescott 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 Prescott Valley real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$215,793

Prescott Valley, AZ HOME PRICES

Value Range
> $1,397,000 0.3
$1,047,001 - $1,397,000 0.1
$698,001 - $1,047,000 0.8
$559,001 - $698,000 0.7
$419,001 - $559,000 4.8
$279,001 - $419,000 21.0
$139,001 - $279,000 51.1
$70,001 - $139,000 14.6
$0 - $70,000 6.5

High for AZ
High for Nation

Value Relative to Nation Value Relative to State
28.5421305519747 22.2972972972973

Number Of Homes And Apartments:
15,774

Prescott Valley 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
72.47% 3.21% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,216 / per month

Homeownership Rate

Homeownership
Owners 61.92
Renters 38.08
Vacant 9.43

Housing Market Details

 

Age of Homes

AGE OF Prescott Valley HOMES
2000 or Newer 40.0
1970 - 1999 56.1
1940 - 1969 3.2
1939 or Older 0.7

Types of Homes

TYPE OF Prescott Valley HOMES
Single-Family 64.6
Townhomes 2.8
Small Apt. Buildings 13.7
Apt. Complexes 5.0
Mobile Homes 13.5
Other 0.3

Home Size

SIZE OF Prescott Valley HOMES
No Bedroom 0.33
1 Bedroom 7.73
2 Bedrooms 27.77
3 Bedrooms 51.50
4 Bedrooms 10.91
5 or more bedrooms 1.76