Queen Creek, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Queen Creek Neighborhoods Since 2000




Queen Creek, 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

Queen Creek Housing Market Information

With 34,614 people, 8,758 houses or apartments, and a median cost of homes of $361,901, Queen Creek house prices are not only among the most expensive in Arizona, Queen Creek real estate also is some of the most expensive in all of America.

Queen Creek is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Queen Creek than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Queen Creek. Owner-occupied housing accounts for 79.44% of Queen Creek's homes, and 72.44% have either three or four bedrooms, which is average sized relative to America.

Queen Creek homes and real estate are some of the newest in America. 85.89% of Queen Creek's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Queen Creek real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 12.50%), and between 1940-1969 ( 1.47%).

Vacant housing appears to be an issue in Queen Creek. Fully 12.44% of the housing stock is classified as vacant. Left unchecked, vacant Queen Creek homes and apartments can be a drag on the real estate market, holding Queen Creek 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.

Queen Creek Home Appreciation Rates

Queen Creek's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Queen Creek during the period has been just -2.05%, which is lower than 80% of US communities.

Appreciation rates are so strong in Queen Creek that despite a nationwide downturn in the housing market, Queen Creek real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Queen Creek appreciation rates continue to be some of the highest in America, at 6.22%, which is higher than appreciation rates in 75.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Queen Creek. Queen Creek appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.40%.

Importantly, this makes Queen Creek 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 Queen Creek's latest annual appreciation rate is lower than 60% 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 Queen Creek differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Queen Creek - 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 Queen Creek real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$361,901

Queen Creek, AZ HOME PRICES

Value Range
> $1,330,000 0.3
$998,001 - $1,330,000 0.5
$665,001 - $998,000 4.4
$532,001 - $665,000 9.4
$399,001 - $532,000 22.0
$266,001 - $399,000 30.4
$133,001 - $266,000 29.5
$67,001 - $133,000 1.9
$0 - $67,000 1.6

Very High for AZ
Very High for Nation

Value Relative to Nation Value Relative to State
11.350052736435 6.75675675675676

Number Of Homes And Apartments:
8,758

Queen Creek 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
63.75% 2.90% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,932 / per month

Homeownership Rate

Homeownership
Owners 79.44
Renters 20.56
Vacant 12.44

Housing Market Details

 

Age of Homes

AGE OF Queen Creek HOMES
2000 or Newer 85.9
1970 - 1999 12.5
1940 - 1969 1.5
1939 or Older 0.1

Types of Homes

TYPE OF Queen Creek HOMES
Single-Family 90.9
Townhomes 0.0
Small Apt. Buildings 1.8
Apt. Complexes 6.7
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Queen Creek HOMES
No Bedroom 0.00
1 Bedroom 3.61
2 Bedrooms 3.49
3 Bedrooms 31.09
4 Bedrooms 41.34
5 or more bedrooms 20.47