Scottsdale AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Scottsdale Housing Market Information

With 255,310 people, 111,221 houses or apartments, and a median cost of homes of $565,763, 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 54.78% of the city's housing units. Other types of housing that are prevalent in Scottsdale include large apartment complexes or high rise apartments ( 26.51%), row houses and other attached homes ( 12.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.27%).

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 65.43% of Scottsdale's homes, and 51.47% 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 ( 19.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.69%).

Vacant housing appears to be an issue in Scottsdale. Fully 17.67% 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

In the last 10 years, Scottsdale has experienced some of the highest home appreciation rates of any community in the nation. Scottsdale real estate appreciated 70.95% over the last ten years, which is an average annual home appreciation rate of 5.51%, putting Scottsdale in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Scottsdale definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Scottsdale's appreciation rate, at 6.06%, has been at or slightly above the national average. In the latest quarter, Scottsdale's appreciation rate has been 1.90%, which annualizes to a rate of 7.83%.

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:
$565,763

Scottsdale, AZ HOME PRICES

Value Range
> $1,234,000 8.7
$925,001 - $1,234,000 9.4
$617,001 - $925,000 20.0
$494,001 - $617,000 14.9
$370,001 - $494,000 18.7
$247,001 - $370,000 15.4
$124,001 - $247,000 9.3
$62,001 - $124,000 2.0
$0 - $62,000 1.5

Very High for AZ
Very High for Nation

Value Relative to Nation Value Relative to State
5.82189781021898 2.0

Number Of Homes And Apartments:
111,221

Scottsdale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AZ*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
129.10% 4.18%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,002 / per month

Homeownership Rate

Homeownership
Owners 65.43
Renters 34.57
Vacant 17.67

Housing Market Details

 

Age of Homes

AGE OF Scottsdale HOMES
2000 or Newer 19.9
1970 - 1999 64.2
1940 - 1969 15.7
1939 or Older 0.2

Types of Homes

TYPE OF Scottsdale HOMES
Single-Family 54.8
Townhomes 12.5
Small Apt. Buildings 5.3
Apt. Complexes 26.5
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Scottsdale HOMES
No Bedroom 1.68
1 Bedroom 10.26
2 Bedrooms 30.66
3 Bedrooms 32.16
4 Bedrooms 19.32
5 or more bedrooms 5.93