Safford, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Safford, 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

Safford Housing Market Information

With a population of 9,683, 3,454 total housing units (homes and apartments), and a median house value of $153,702, Safford 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 Safford, accounting for 74.46% of the city's housing units. Other types of housing that are prevalent in Safford include mobile homes or trailers ( 8.76%), large apartment complexes or high rise apartments ( 7.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Safford. Owner-occupied housing accounts for 65.63% of Safford's homes, and 65.40% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Safford 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 Safford built between 1940-1969 ( 28.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.77%). There's also some housing in Safford built before 1939 ( 8.66%).

Vacant housing appears to be an issue in Safford. Fully 12.82% of the housing stock is classified as vacant. Left unchecked, vacant Safford homes and apartments can be a drag on the real estate market, holding Safford real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Safford Home Appreciation Rates

Safford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Safford during the period has been just -1.72%, which is lower than 80% of US communities.

Over the last year, Safford appreciation rates have trailed the rest of the nation. In the last twelve months, Safford's appreciation rate has been -1.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Safford were at 1.55%, which equates to an annual appreciation rate of 6.33%.

Relative to Arizona, our data show that Safford's latest annual appreciation rate is lower than 90% of the other cities and towns in Arizona.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Safford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Safford - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Safford real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$153,702

Safford, AZ HOME PRICES

Value Range
> $1,093,000 0.0
$820,001 - $1,093,000 0.0
$546,001 - $820,000 0.3
$437,001 - $546,000 0.7
$328,001 - $437,000 1.8
$219,001 - $328,000 7.2
$109,001 - $219,000 50.4
$55,001 - $109,000 27.0
$0 - $55,000 12.6

Average for AZ
Average for Nation

Value Relative to Nation Value Relative to State
48.476502988398 45.2702702702703

Number Of Homes And Apartments:
3,454

Safford 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
47.35% 2.27% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,035 / per month

Homeownership Rate

Homeownership
Owners 65.63
Renters 34.37
Vacant 12.82

Housing Market Details

 

Age of Homes

AGE OF Safford HOMES
2000 or Newer 15.8
1970 - 1999 47.0
1940 - 1969 28.6
1939 or Older 8.7

Types of Homes

TYPE OF Safford HOMES
Single-Family 74.5
Townhomes 1.0
Small Apt. Buildings 7.0
Apt. Complexes 7.7
Mobile Homes 8.8
Other 1.0

Home Size

SIZE OF Safford HOMES
No Bedroom 2.78
1 Bedroom 11.66
2 Bedrooms 18.73
3 Bedrooms 50.23
4 Bedrooms 15.17
5 or more bedrooms 1.44

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Zip Codes in Safford, AZ