Arizona
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Arizona Real Estate Market & Appreciation

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 Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value:
$365,573

Number Of Homes And Apartments:
2,643,430

Arizona Home Prices

> $1,589,962
1.5%
1.5%
$1,192,750 - $1,589,962
1.8%
1.8%
$794,950 - $1,192,749
6.1%
6.1%
$636,034 - $794,949
7.4%
7.4%
$476,986 - $636,033
15.0%
15.0%
$318,065 - $476,985
27.1%
27.1%
$159,001 - $318,064
26.4%
26.4%
$79,498 - $159,000
7.2%
7.2%
$0 - $79,497
7.3%
7.3%
0.0% 100.0%
% OF HOMES

Arizona Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q3 - 2021 Q4
4.93% 21.24%
10
Last 12 Months:
2020 Q4 - 2021 Q4
27.99% 27.99%
10
Last 2 Years:
2019 Q4 - 2021 Q4
40.92% 18.71%
10
Last 5 Years:
2016 Q4 - 2021 Q4
74.24% 11.75%
10
Last 10 Years:
2011 Q4 - 2021 Q4
158.45% 9.96%
10
Since 2000:
2000 Q1 - 2021 Q4
206.49% 5.28%
9
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,919 / per month

Homeownership Rate

Owners
63.9%
63.9%
Renters
36.1%
36.1%
Vacant
13.1%
13.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
30.7%
30.7%
1970 - 1999
54.1%
54.1%
1940 - 1969
13.8%
13.8%
1939 or Older
1.4%
1.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.0%
64.0%
Townhomes
4.9%
4.9%
Small Apt. Buildings
4.7%
4.7%
Apt. Complexes
15.6%
15.6%
Mobile Homes
10.3%
10.3%
Other
0.4%
0.4%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.9%
2.9%
1 Bedroom
11.1%
11.1%
2 Bedrooms
26.0%
26.0%
3 Bedrooms
37.5%
37.5%
4 Bedrooms
18.2%
18.2%
5 or more bedrooms
4.2%
4.2%
0.0% 100.0%
% OF HOMES