Quartzsite, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Quartzsite Neighborhoods Since 2000




Quartzsite, 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

Quartzsite Housing Market Information

With a population of 3,626, 2,256 total housing units (homes and apartments), and a median house value of $92,034, 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 46.65% of the town's housing units. Other types of housing that are prevalent in Quartzsite include single-family detached homes ( 28.14%), row houses and other attached homes ( 2.22%), and a few large apartment complexes or high rise apartments ( 2.11%).

Dwellings in Quartzsite tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 79.00% 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 ( 26.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.00%).

A decent proportion of the Quartzsite housing stock is seasonally occupied. That is, homes and condos in Quartzsite are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Quartzsite housing market speaks to its popularity as a vacation location of choice.

Quartzsite Home Appreciation Rates

Homes have actually lost value in Quartzsite over the last then years, as home values have seen a decline of 25.38% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Quartzsite home appreciation rates at 1.08%, which equates to an annual appreciation rate of 4.37%.

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 6.74%, which is higher than appreciation rates in 79.54% 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 1.08%, which equates to an annual appreciation rate of 4.37%.

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

Average Home Values

 

Median Home Value:
$92,034

Quartzsite, AZ HOME PRICES

Value Range
> $1,175,000 0.0
$882,001 - $1,175,000 0.0
$588,001 - $882,000 0.0
$470,001 - $588,000 1.4
$353,001 - $470,000 2.2
$235,001 - $353,000 8.4
$118,001 - $235,000 23.1
$59,001 - $118,000 19.1
$0 - $59,000 45.7

Low for AZ
Very Low for Nation

Value Relative to Nation Value Relative to State
82.7200281260987 79.0540540540541

Number Of Homes And Apartments:
2,256

Quartzsite 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
23.97% 1.25% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$472 / per month

Homeownership Rate

Homeownership
Owners 80.67
Renters 19.33
Vacant 39.03

Housing Market Details

 

Age of Homes

AGE OF Quartzsite HOMES
2000 or Newer 26.7
1970 - 1999 63.3
1940 - 1969 10.0
1939 or Older 0.0

Types of Homes

TYPE OF Quartzsite HOMES
Single-Family 28.1
Townhomes 2.2
Small Apt. Buildings 2.0
Apt. Complexes 2.1
Mobile Homes 46.6
Other 18.9

Home Size

SIZE OF Quartzsite HOMES
No Bedroom 1.97
1 Bedroom 62.14
2 Bedrooms 14.89
3 Bedrooms 18.38
4 Bedrooms 2.62
5 or more bedrooms 0.00

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Zip Codes in Quartzsite, AZ