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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Scottsdale, AZ Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Scottsdale, AZ Housing Market Trends

With a population of 243,050, 113,451 total housing units (homes and apartments), and a median house value of $698,523, 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 53.63% of the city's housing units. Other types of housing that are prevalent in Scottsdale include large apartment complexes or high rise apartments ( 28.80%), row houses and other attached homes ( 10.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.65%).

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 66.13% of Scottsdale's homes, and 50.83% 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 ( 22.98%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.08%).

Vacant housing appears to be an issue in Scottsdale. Fully 15.91% 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

Appreciation rates for homes in Scottsdale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.52%, which ranks in the top 30% nationwide. This equates to an annual average Scottsdale house appreciation rate of 7.42%.

Over the last year, Scottsdale appreciation rates have trailed the rest of the nation. In the last twelve months, Scottsdale's appreciation rate has been -4.43%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Scottsdale were at 2.26%, which equates to an annual appreciation rate of 9.36%.

Relative to Arizona, our data show that Scottsdale'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 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

$698,523

Scottsdale, AZ Home Prices
> $1,409,000
$1,057,001 - $1,409,000
$704,001 - $1,057,000
$564,001 - $704,000
$423,001 - $564,000
$282,001 - $423,000
$141,001 - $282,000
$70,001 - $141,000
$0 - $70,000
13.6%
13.6%
12.5%
12.5%
23.5%
23.5%
15.8%
15.8%
15.0%
15.0%
12.0%
12.0%
5.2%
5.2%
1.3%
1.3%
1.2%
1.2%
0% 100.0%
% of Homes
Very High

for Arizona

Very High

for nation

Number of Homes And Apartments:

113,451

Scottsdale Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,221 / per month

Homeownership Rate

Owners
Renters
Vacant
66.1%
66.1%
33.9%
33.9%
15.9%
15.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.0%
23.0%
61.8%
61.8%
15.1%
15.1%
0.2%
0.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
53.6%
53.6%
10.9%
10.9%
5.7%
5.7%
28.8%
28.8%
0.9%
0.9%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.1%
2.1%
10.2%
10.2%
31.3%
31.3%
31.3%
31.3%
19.5%
19.5%
5.5%
5.5%
0% 100.0%
% of Homes