Arizona
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA






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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (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:
$260,694

Number Of Homes And Apartments:
2,561,987

Arizona Home Prices

> $1,339,652
1.2%
1.2%
$1,004,536 - $1,339,652
1.4%
1.4%
$669,839 - $1,004,535
4.6%
4.6%
$536,001 - $669,838
5.3%
5.3%
$401,872 - $536,000
11.3%
11.3%
$267,919 - $401,871
23.1%
23.1%
$134,001 - $267,918
32.6%
32.6%
$66,971 - $134,000
11.4%
11.4%
$0 - $66,970
9.1%
9.1%
0.0% 100.0%
% OF HOMES

Arizona Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q2 - 2020 Q3
2.34% 9.71%
9
Last 12 Months:
2019 Q3 - 2020 Q3
7.94% 7.94%
10
Last 2 Years:
2018 Q3 - 2020 Q3
14.39% 6.95%
10
Last 5 Years:
2015 Q3 - 2020 Q3
42.73% 7.38%
9
Last 10 Years:
2010 Q3 - 2020 Q3
77.12% 5.88%
10
Since 2000:
2000 Q1 - 2020 Q3
132.39% 4.20%
8
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,552 / per month

Homeownership Rate

Owners
62.2%
62.2%
Renters
37.8%
37.8%
Vacant
15.0%
15.0%
0.0% 100.0%
% OF HOMES

Housing Details

Age of Homes

2000 or Newer
29.2%
29.2%
1970 - 1999
54.9%
54.9%
1940 - 1969
14.4%
14.4%
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
4.6%
4.6%
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
2.8%
2.8%
1 Bedroom
11.1%
11.1%
2 Bedrooms
26.7%
26.7%
3 Bedrooms
37.2%
37.2%
4 Bedrooms
18.0%
18.0%
5 or more bedrooms
4.2%
4.2%
0.0% 100.0%
% OF HOMES