Arizona
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q3 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:
$224,412

Number Of Homes And Apartments:
2,448,919

Arizona Home Prices

Value Range
> $1,381,899 1.1
$1,036,001 - $1,381,899 1.1
$690,806 - $1,036,000 3.6
$552,848 - $690,805 4.1
$414,433 - $552,847 9.1
$276,336 - $414,432 19.2
$138,009 - $276,335 35.0
$69,001 - $138,008 15.9
$0 - $69,000 10.8

Arizona Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q2 - 2018 Q3
2.20% 9.09%
10
Last 12 Months:
2017 Q3 - 2018 Q3
8.84% 8.84%
9
Last 2 Years:
2016 Q3 - 2018 Q3
19.04% 9.11%
9
Last 5 Years:
2013 Q3 - 2018 Q3
45.98% 7.86%
9
Last 10 Years:
2008 Q3 - 2018 Q3
21.22% 1.94%
6
Since 2000:
2000 Q1 - 2018 Q3
106.85% 4.01%
8
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,399 / 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