Arizona
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Top Ten Highest Appreciating AZ Cities Since 2000




Arizona Real Estate Values & Housing Market Data

Average Home Values

Median Home Value:
$240,410

Number Of Homes And Apartments:
2,421,497

Arizona Home Prices

Value Range
> $1,456,000 1.4
$1,092,001 - $1,456,000 1.3
$728,001 - $1,092,000 3.9
$582,001 - $728,000 4.2
$437,001 - $582,000 9.1
$291,001 - $437,000 18.6
$146,001 - $291,000 35.3
$73,001 - $146,000 15.8
$0 - $73,000 10.4

Housing Details

Age of Homes

AGE OF Arizona HOMES
2000 or Newer 27.0
1970 - 1999 56.6
1940 - 1969 14.7
1939 or Older 1.7

Types of Homes

TYPE OF Arizona HOMES
Single-Family 63.5
Townhomes 4.9
Small Apt. Buildings 4.8
Apt. Complexes 15.8
Mobile Homes 10.6
Other 0.4

Home Size

SIZE OF Arizona HOMES
No Bedroom 2.39
1 Bedroom 11.62
2 Bedrooms 27.40
3 Bedrooms 37.36
4 Bedrooms 17.15
5 or more bedrooms 4.08

Rent & Homeownership

Average Market Rent:
$1,199 / per month

Homeownership Rate

Homeownership
Owners 61.96
Renters 38.04
Vacant 16.95

Arizona Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2016 Q2 - 2016 Q3
1.20% 4.88% 4
Last 12 Months:
2015 Q4 - 2016 Q3
6.33% 6.33% 8
Last 2 Years:
2014 Q4 - 2016 Q3
14.26% 6.89% 9
Last 5 Years:
2011 Q4 - 2016 Q3
50.80% 8.56% 10
Last 10 Years:
2006 Q4 - 2016 Q3
-17.31% -1.88% 1
Since 2000:
2000 Q1 - 2016 Q3
74.82% 3.44% 6
* 10 is highest