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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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:
$267,217

Number Of Homes And Apartments:
2,571,268

Arizona Home Prices

> $1,287,714
1.3%
1.3%
$965,905 - $1,287,714
1.5%
1.5%
$644,001 - $965,904
5.0%
5.0%
$515,010 - $644,000
6.0%
6.0%
$386,258 - $515,009
12.6%
12.6%
$257,703 - $386,257
25.2%
25.2%
$128,793 - $257,702
30.3%
30.3%
$64,380 - $128,792
9.8%
9.8%
$0 - $64,379
8.3%
8.3%
0.0% 100.0%
% OF HOMES

Arizona Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q3 - 2020 Q4
3.25% 13.65%
10
Last 12 Months:
2019 Q4 - 2020 Q4
9.74% 9.74%
10
Last 2 Years:
2018 Q4 - 2020 Q4
16.95% 8.14%
10
Last 5 Years:
2015 Q4 - 2020 Q4
45.13% 7.73%
10
Last 10 Years:
2010 Q4 - 2020 Q4
87.02% 6.46%
10
Since 2000:
2000 Q1 - 2020 Q4
139.30% 4.29%
8
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,572 / per month

Homeownership Rate

Owners
63.0%
63.0%
Renters
37.0%
37.0%
Vacant
14.4%
14.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
29.8%
29.8%
1970 - 1999
54.5%
54.5%
1940 - 1969
14.2%
14.2%
1939 or Older
1.5%
1.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.0%
64.0%
Townhomes
4.8%
4.8%
Small Apt. Buildings
4.7%
4.7%
Apt. Complexes
15.7%
15.7%
Mobile Homes
10.5%
10.5%
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
26.5%
26.5%
3 Bedrooms
37.3%
37.3%
4 Bedrooms
18.1%
18.1%
5 or more bedrooms
4.2%
4.2%
0.0% 100.0%
% OF HOMES