Quartzsite, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Quartzsite, AZ Real Estate Data


Quartzsite Housing Market Information

With 3,626 people, 2,281 houses or apartments, and a median cost of homes of $113,639, house prices in Quartzsite are solidly below the national average.

Mobile homes or trailers are the single most common housing type in Quartzsite, accounting for 40.84% of the town's housing units. Other types of housing that are prevalent in Quartzsite include single-family detached homes ( 34.82%), row houses and other attached homes ( 1.90%), and a few large apartment complexes or high rise apartments ( 1.85%).

Dwellings in Quartzsite tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 81.93% of the homes in Quartzsite have two or fewer bedrooms.

There is a lot of housing in Quartzsite 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 Quartzsite built between 2000 and later ( 20.25%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.54%).

Vacant housing appears to be an issue in Quartzsite. Fully 36.11% of the housing stock is classified as vacant. Left unchecked, vacant Quartzsite homes and apartments can be a drag on the real estate market, holding Quartzsite 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.

Quartzsite Home Appreciation Rates

Quartzsite's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Quartzsite during the period has been just -1.68%, which is lower than 80% of US communities.

Appreciation rates are so strong in Quartzsite that despite a nationwide downturn in the housing market, Quartzsite real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Quartzsite appreciation rates continue to be some of the highest in America, at 9.27%, which is higher than appreciation rates in 96.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Quartzsite. Quartzsite appreciation rates in the latest quarter were at 2.40%, which equates to an annual appreciation rate of 9.96%.

Relative to Arizona, our data show that Quartzsite's latest annual appreciation rate is higher than 90% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$113,639

Quartzsite, AZ HOME PRICES

Value Range
> $1,340,000 0.0
$1,005,001 - $1,340,000 0.0
$670,001 - $1,005,000 0.0
$536,001 - $670,000 2.5
$402,001 - $536,000 4.1
$268,001 - $402,000 7.4
$134,001 - $268,000 31.4
$67,001 - $134,000 12.1
$0 - $67,000 42.5

Low for AZ
Low for Nation

Value Relative to Nation Value Relative to State
70.076711366165 73.1543624161074

Number Of Homes And Apartments:
2,281

Rent & Ownership

 

Average Market Rent:
/ per month

Homeownership Rate

Homeownership
Owners 90.21
Renters 9.79
Vacant 36.11

Housing Market Details

 

Age of Homes

AGE OF Quartzsite HOMES
2000 or Newer 20.3
1970 - 1999 75.2
1940 - 1969 4.5
1939 or Older 0.0

Types of Homes

TYPE OF Quartzsite HOMES
Single-Family 34.8
Townhomes 1.9
Small Apt. Buildings 1.8
Apt. Complexes 1.8
Mobile Homes 40.8
Other 18.8

Home Size

SIZE OF Quartzsite HOMES
No Bedroom 1.96
1 Bedroom 61.51
2 Bedrooms 18.46
3 Bedrooms 15.74
4 Bedrooms 2.32
5 or more bedrooms 0.00

Quartzsite 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
45.93% 2.25% 5 5
* 10 is highest

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Zip Codes in Quartzsite, AZ