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 Q1 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:
$214,268

Number Of Homes And Apartments:
2,448,919

Arizona Home Prices

Value Range
> $1,320,872 1.1
$990,802 - $1,320,872 1.1
$660,644 - $990,801 3.6
$528,377 - $660,643 4.1
$396,194 - $528,376 9.1
$264,162 - $396,193 19.2
$132,019 - $264,161 35.0
$66,001 - $132,018 15.9
$0 - $66,000 10.8

Arizona Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q4 - 2018 Q1
2.24% 9.25%
10
Last 12 Months:
2017 Q1 - 2018 Q1
9.01% 9.01%
9
Last 2 Years:
2016 Q1 - 2018 Q1
17.62% 8.45%
9
Last 5 Years:
2013 Q1 - 2018 Q1
50.29% 8.49%
9
Last 10 Years:
2008 Q1 - 2018 Q1
0.81% 0.08%
2
Since 2000:
2000 Q1 - 2018 Q1
96.86% 3.83%
7
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,325 / 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