San Luis, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating San Luis Neighborhoods Since 2000




San Luis, AZ Real Estate Data


San Luis Housing Market Information

With a population of 31,520, 7,944 total housing units (homes and apartments), and a median house value of $140,505, house prices in San Luis are solidly below the national average.

Single-family detached homes are the single most common housing type in San Luis, accounting for 72.79% of the city's housing units. Other types of housing that are prevalent in San Luis include mobile homes or trailers ( 15.26%), large apartment complexes or high rise apartments ( 7.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.85%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in San Luis. Owner-occupied housing accounts for 69.08% of San Luis's homes, and 77.94% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in San Luis 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 San Luis built between 2000 and later ( 43.81%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.97%).

San Luis Home Appreciation Rates

San Luis's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in San Luis during the period has been just -1.45%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, San Luis's appreciation rate, at 5.44%, has been at or slightly above the national average. In the latest quarter, San Luis's appreciation rate has been -0.16%, which annualizes to a rate of -0.66%.

Notably, San Luis's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Arizona, our data show that San Luis's latest annual appreciation rate is lower than 60% 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 San Luis differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Luis - 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 San Luis real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$140,505

San Luis, AZ HOME PRICES

Value Range
> $1,245,000 0.0
$933,001 - $1,245,000 0.0
$622,001 - $933,000 0.0
$498,001 - $622,000 0.1
$373,001 - $498,000 0.6
$249,001 - $373,000 4.0
$124,001 - $249,000 60.0
$62,001 - $124,000 23.8
$0 - $62,000 11.5

Average for AZ
Average for Nation

Value Relative to Nation Value Relative to State
55.4781284768988 57.7181208053691

Number Of Homes And Apartments:
7,944

Rent & Ownership

 

Average Market Rent:
$796 / per month

Homeownership Rate

Homeownership
Owners 69.08
Renters 30.92
Vacant 7.27

Housing Market Details

 

Age of Homes

AGE OF San Luis HOMES
2000 or Newer 43.8
1970 - 1999 47.7
1940 - 1969 8.0
1939 or Older 0.6

Types of Homes

TYPE OF San Luis HOMES
Single-Family 72.8
Townhomes 0.2
Small Apt. Buildings 3.9
Apt. Complexes 7.6
Mobile Homes 15.3
Other 0.3

Home Size

SIZE OF San Luis HOMES
No Bedroom 1.70
1 Bedroom 6.01
2 Bedrooms 13.62
3 Bedrooms 64.36
4 Bedrooms 13.58
5 or more bedrooms 0.72

San Luis Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AZ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
79.79% 3.51% 8 9
* 10 is highest

Popular Communities Near San Luis, AZ

Zip Codes in San Luis, AZ