Scottsdale, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Scottsdale Neighborhoods Since 2000




Scottsdale, 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

Scottsdale Housing Market Information

With a population of 236,839, 102,424 total housing units (homes and apartments), and a median house value of $498,010, Scottsdale house prices are not only among the most expensive in Arizona, Scottsdale real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Scottsdale, accounting for 55.04% of the city's housing units. Other types of housing that are prevalent in Scottsdale include large apartment complexes or high rise apartments ( 24.48%), row houses and other attached homes ( 13.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Scottsdale. Owner-occupied housing accounts for 65.53% of Scottsdale's homes, and 51.48% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Scottsdale 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 Scottsdale built between 2000 and later ( 17.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.23%).

Vacant housing appears to be an issue in Scottsdale. Fully 19.72% of the housing stock is classified as vacant. Left unchecked, vacant Scottsdale homes and apartments can be a drag on the real estate market, holding Scottsdale 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.

Scottsdale Home Appreciation Rates

Scottsdale's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Scottsdale during the period has been just -0.90%, which is lower than 70% of US communities.

Appreciation rates are so strong in Scottsdale that despite a nationwide downturn in the housing market, Scottsdale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Scottsdale appreciation rates continue to be some of the highest in America, at 5.79%, which is higher than appreciation rates in 72.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Scottsdale. Scottsdale appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.40%.

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

Relative to Arizona, our data show that Scottsdale's latest annual appreciation rate is lower than 70% 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 Scottsdale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Scottsdale - 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 Scottsdale real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$498,010

Scottsdale, AZ HOME PRICES

Value Range
> $1,252,000 6.4
$939,001 - $1,252,000 7.5
$626,001 - $939,000 17.3
$501,001 - $626,000 12.4
$375,001 - $501,000 16.5
$251,001 - $375,000 19.0
$125,001 - $251,000 14.3
$63,001 - $125,000 3.8
$0 - $63,000 2.8

Very High for AZ
Very High for Nation

Value Relative to Nation Value Relative to State
6.01195359193718 3.37837837837838

Number Of Homes And Apartments:
102,424

Scottsdale 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
89.27% 3.77% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,582 / per month

Homeownership Rate

Homeownership
Owners 65.53
Renters 34.47
Vacant 19.72

Housing Market Details

 

Age of Homes

AGE OF Scottsdale HOMES
2000 or Newer 17.5
1970 - 1999 66.0
1940 - 1969 16.2
1939 or Older 0.3

Types of Homes

TYPE OF Scottsdale HOMES
Single-Family 55.0
Townhomes 13.6
Small Apt. Buildings 5.9
Apt. Complexes 24.5
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Scottsdale HOMES
No Bedroom 1.28
1 Bedroom 10.15
2 Bedrooms 31.54
3 Bedrooms 32.44
4 Bedrooms 19.04
5 or more bedrooms 5.55