San Tan Valley, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating San Tan Valley Neighborhoods Since 2000




San Tan Valley, 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

San Tan Valley Housing Market Information

With a population of 88,171, 25,128 total housing units (homes and apartments), and a median house value of $196,998, San Tan Valley real estate prices are well above average cost compared to national prices.

San Tan Valley is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in San Tan Valley than is found in 98% of the communities in America.

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 Tan Valley. Owner-occupied housing accounts for 68.94% of San Tan Valley's homes, and 84.69% have either three or four bedrooms, which is average sized relative to America.

San Tan Valley homes and real estate are some of the newest in America. 92.12% of San Tan Valley'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 San Tan Valley real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 6.44%), and between 1940-1969 ( 1.44%).

Vacant housing appears to be an issue in San Tan Valley. Fully 19.61% of the housing stock is classified as vacant. Left unchecked, vacant San Tan Valley homes and apartments can be a drag on the real estate market, holding San Tan Valley 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.

San Tan Valley Home Appreciation Rates

San Tan Valley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in San Tan Valley during the period has been just -1.74%, which is lower than 80% of US communities.

Appreciation rates are so strong in San Tan Valley that despite a nationwide downturn in the housing market, San Tan Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, San Tan Valley appreciation rates continue to be some of the highest in America, at 10.04%, which is higher than appreciation rates in 93.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in San Tan Valley. San Tan Valley appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.40%.

Importantly, this makes San Tan Valley one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Arizona, our data show that San Tan Valley's latest annual appreciation rate is higher than 80% 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 San Tan Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Tan Valley - 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 Tan Valley real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$196,998

San Tan Valley, AZ HOME PRICES

Value Range
> $1,326,000 0.0
$994,001 - $1,326,000 0.2
$663,001 - $994,000 1.1
$530,001 - $663,000 0.5
$398,001 - $530,000 3.3
$265,001 - $398,000 16.5
$132,001 - $265,000 60.7
$66,001 - $132,000 15.0
$0 - $66,000 2.6

High for AZ
High for Nation

Value Relative to Nation Value Relative to State
33.0100785186921 28.3783783783784

Number Of Homes And Apartments:
25,128

San Tan Valley 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
68.21% 3.06% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,424 / per month

Homeownership Rate

Homeownership
Owners 68.94
Renters 31.06
Vacant 19.61

Housing Market Details

 

Age of Homes

AGE OF San Tan Valley HOMES
2000 or Newer 92.1
1970 - 1999 6.4
1940 - 1969 1.4
1939 or Older 0.0

Types of Homes

TYPE OF San Tan Valley HOMES
Single-Family 96.7
Townhomes 1.0
Small Apt. Buildings 0.6
Apt. Complexes 0.1
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF San Tan Valley HOMES
No Bedroom 0.07
1 Bedroom 0.34
2 Bedrooms 5.94
3 Bedrooms 41.93
4 Bedrooms 42.76
5 or more bedrooms 8.95