Sahuarita, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sahuarita, 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

Sahuarita Housing Market Information

With a population of 25,707, 8,760 total housing units (homes and apartments), and a median house value of $196,075, Sahuarita real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Sahuarita, accounting for 92.86% of the town's housing units. Other types of housing that are prevalent in Sahuarita include mobile homes or trailers ( 4.53%), row houses and other attached homes ( 1.44%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sahuarita. Owner-occupied housing accounts for 80.73% of Sahuarita's homes, and 71.38% have either three or four bedrooms, which is average sized relative to America.

Sahuarita homes and real estate are some of the newest in America. 81.02% of Sahuarita's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Sahuarita real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 15.87%), and between 1940-1969 ( 2.82%).

Vacant housing appears to be an issue in Sahuarita. Fully 13.04% of the housing stock is classified as vacant. Left unchecked, vacant Sahuarita homes and apartments can be a drag on the real estate market, holding Sahuarita 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.

Sahuarita Home Appreciation Rates

Homes have actually lost value in Sahuarita over the last then years, as home values have seen a decline of 28.59% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Sahuarita home appreciation rates at 0.60%, which equates to an annual appreciation rate of 2.42%.

Over the last year, Sahuarita appreciation rates have trailed the rest of the nation. In the last twelve months, Sahuarita's appreciation rate has been 0.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sahuarita were at 0.60%, which equates to an annual appreciation rate of 2.42%.

Relative to Arizona, our data show that Sahuarita'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 town. Individual neighborhoods within Sahuarita differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sahuarita - 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 Sahuarita real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$196,075

Sahuarita, AZ HOME PRICES

Value Range
> $1,154,000 0.0
$866,001 - $1,154,000 0.0
$577,001 - $866,000 1.6
$462,001 - $577,000 1.8
$346,001 - $462,000 7.0
$231,001 - $346,000 22.7
$115,001 - $231,000 54.5
$58,001 - $115,000 6.5
$0 - $58,000 6.0

High for AZ
High for Nation

Value Relative to Nation Value Relative to State
33.2239540607055 29.7297297297297

Number Of Homes And Apartments:
8,760

Sahuarita 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
26.05% 1.35% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,674 / per month

Homeownership Rate

Homeownership
Owners 80.73
Renters 19.27
Vacant 13.04

Housing Market Details

 

Age of Homes

AGE OF Sahuarita HOMES
2000 or Newer 81.0
1970 - 1999 15.9
1940 - 1969 2.8
1939 or Older 0.3

Types of Homes

TYPE OF Sahuarita HOMES
Single-Family 92.9
Townhomes 1.4
Small Apt. Buildings 0.2
Apt. Complexes 0.7
Mobile Homes 4.5
Other 0.2

Home Size

SIZE OF Sahuarita HOMES
No Bedroom 0.66
1 Bedroom 3.47
2 Bedrooms 19.79
3 Bedrooms 43.03
4 Bedrooms 28.35
5 or more bedrooms 4.70