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

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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$207,245

Number Of Homes And Apartments:
2,412,212

Arizona Home Prices

Value Range
> $1,357,000 1.1
$1,018,001 - $1,357,000 1.0
$679,001 - $1,018,000 3.4
$543,001 - $679,000 3.7
$407,001 - $543,000 8.4
$271,001 - $407,000 17.5
$136,001 - $271,000 35.7
$68,001 - $136,000 17.9
$0 - $68,000 11.4

Arizona Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q1 - 2017 Q2
3.24% 13.61% 8
Last 12 Months:
2016 Q2 - 2017 Q2
8.52% 8.52% 9
Last 2 Years:
2015 Q2 - 2017 Q2
16.67% 8.01% 9
Last 5 Years:
2012 Q2 - 2017 Q2
56.51% 9.37% 10
Last 10 Years:
2007 Q2 - 2017 Q2
-11.27% -1.19% 2
Since 2000:
2000 Q1 - 2017 Q2
86.57% 3.68% 7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,281 / per month

Homeownership Rate

Homeownership
Owners 61.33
Renters 38.67
Vacant 16.55

Housing Details

Age of Homes

AGE OF Arizona HOMES
2000 or Newer 27.3
1970 - 1999 56.3
1940 - 1969 14.7
1939 or Older 1.7

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 0.4

Home Size

SIZE OF Arizona HOMES
No Bedroom 2.51
1 Bedroom 11.46
2 Bedrooms 27.30
3 Bedrooms 37.30
4 Bedrooms 17.28
5 or more bedrooms 4.15