Rio Rico, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rio Rico Neighborhoods Since 2000




Rio Rico, AZ Real Estate 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 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

Rio Rico Housing Market Information

With a population of 18,755, 5,599 total housing units (homes and apartments), and a median house value of $155,574, Rio Rico real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Rio Rico, accounting for 91.49% of the town's housing units. Other types of housing that are prevalent in Rio Rico include duplexes, homes converted to apartments or other small apartment buildings ( 4.60%), row houses and other attached homes ( 3.63%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rio Rico. Owner-occupied housing accounts for 80.44% of Rio Rico's homes, and 82.62% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rio Rico built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rio Rico built between 2000 and later ( 41.42%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.95%).

Rio Rico Home Appreciation Rates

Homes have actually lost value in Rio Rico over the last then years, as home values have seen a decline of 26.13% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Rio Rico home appreciation rates at 1.55%, which equates to an annual appreciation rate of 6.33%.

Appreciation rates are so strong in Rio Rico that despite a nationwide downturn in the housing market, Rio Rico real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rio Rico appreciation rates continue to be some of the highest in America, at 7.40%, which is higher than appreciation rates in 83.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rio Rico. Rio Rico appreciation rates in the latest quarter were at 1.55%, which equates to an annual appreciation rate of 6.33%.

Relative to Arizona, our data show that Rio Rico's latest annual appreciation rate is lower than 50% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$155,574

Rio Rico, AZ HOME PRICES

Value Range
> $1,228,000 0.5
$921,001 - $1,228,000 0.3
$614,001 - $921,000 2.3
$491,001 - $614,000 0.5
$369,001 - $491,000 3.2
$246,001 - $369,000 12.2
$123,001 - $246,000 51.2
$61,001 - $123,000 27.8
$0 - $61,000 2.0

Average for AZ
Average for Nation

Value Relative to Nation Value Relative to State
47.6385796320169 44.5945945945946

Number Of Homes And Apartments:
5,599

Rio Rico Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AZ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
15.56% 0.84% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,183 / per month

Homeownership Rate

Homeownership
Owners 80.44
Renters 19.56
Vacant 9.23

Housing Market Details

 

Age of Homes

AGE OF Rio Rico HOMES
2000 or Newer 41.4
1970 - 1999 52.3
1940 - 1969 6.0
1939 or Older 0.4

Types of Homes

TYPE OF Rio Rico HOMES
Single-Family 91.5
Townhomes 3.6
Small Apt. Buildings 4.6
Apt. Complexes 0.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Rio Rico HOMES
No Bedroom 1.65
1 Bedroom 0.86
2 Bedrooms 13.51
3 Bedrooms 73.69
4 Bedrooms 8.93
5 or more bedrooms 1.36

Popular Neighborhoods in Rio Rico

Popular Communities Near Rio Rico, AZ

Zip Codes in Rio Rico, AZ