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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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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

$401,105

Number Of Homes And Apartments:

2,739,136

Arizona Home Prices

> $1,315,690
$986,740 - $1,315,690
$657,766 - $986,739
$526,294 - $657,765
$394,748 - $526,293
$263,151 - $394,747
$131,569 - $263,150
$65,743 - $131,568
$0 - $65,742
3.0%
3.0%
3.9%
3.9%
12.2%
12.2%
12.6%
12.6%
19.2%
19.2%
24.0%
24.0%
14.5%
14.5%
4.3%
4.3%
6.4%
6.4%
0% 100.0%
% of Homes

Arizona Appreciation Rates

Rent & Homeownership

Average Market Rent:

$2,405 / per month

Homeownership Rate

Owners
Renters
64.8%
64.8%
35.2%
35.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.6%
11.6%
88.4%
88.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
33.5%
33.5%
51.8%
51.8%
13.4%
13.4%
1.4%
1.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.9%
63.9%
5.0%
5.0%
4.7%
4.7%
16.2%
16.2%
9.7%
9.7%
0.4%
0.4%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.0%
3.0%
11.0%
11.0%
25.9%
25.9%
37.0%
37.0%
18.7%
18.7%
4.4%
4.4%
0% 100.0%
% of Homes