Arizona
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest





Arizona Real Estate Values & Housing Market 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 Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$219,431

Number Of Homes And Apartments:
2,448,919

Arizona Home Prices

Value Range
> $1,348,893 1.1
$1,011,425 - $1,348,893 1.1
$674,492 - $1,011,424 3.6
$539,706 - $674,491 4.1
$404,662 - $539,705 9.1
$269,839 - $404,661 19.2
$134,918 - $269,838 35.0
$67,459 - $134,917 15.9
$0 - $67,458 10.8

Arizona Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q1 - 2018 Q2
2.63% 10.94%
7
Last 12 Months:
2017 Q2 - 2018 Q2
8.81% 8.81%
9
Last 2 Years:
2016 Q2 - 2018 Q2
18.21% 8.73%
9
Last 5 Years:
2013 Q2 - 2018 Q2
47.68% 8.11%
9
Last 10 Years:
2008 Q2 - 2018 Q2
9.96% 0.95%
4
Since 2000:
2000 Q1 - 2018 Q2
102.28% 3.94%
7
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,366 / per month

Homeownership Rate

Homeownership
Owners 61.13
Renters 38.87
Vacant 15.95

Housing Details

Age of Homes

AGE OF Arizona HOMES
2000 or Newer 27.8
1970 - 1999 55.9
1940 - 1969 14.7
1939 or Older 1.6

Types of Homes

TYPE OF Arizona HOMES
Single-Family 63.7
Townhomes 4.8
Small Apt. Buildings 4.8
Apt. Complexes 15.8
Mobile Homes 10.6
Other 0.3

Home Size

SIZE OF Arizona HOMES
No Bedroom 2.56
1 Bedroom 11.41
2 Bedrooms 27.15
3 Bedrooms 37.24
4 Bedrooms 17.49
5 or more bedrooms 4.15