Sedona, 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 Q1 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Sedona, AZ Housing Market Trends

With a population of 9,684, 5,179 total housing units (homes and apartments), and a median house value of $722,623, Sedona house prices are not only among the most expensive in Arizona, Sedona 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 Sedona, accounting for 69.75% of the city's housing units. Other types of housing that are prevalent in Sedona include mobile homes or trailers ( 10.90%), large apartment complexes or high rise apartments ( 7.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.22%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sedona. Owner-occupied housing accounts for 76.45% of Sedona's homes, and 50.07% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sedona 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 Sedona built between 2000 and later ( 15.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.88%).

Vacant housing appears to be an issue in Sedona. Fully 24.22% of the housing stock is classified as vacant. Left unchecked, vacant Sedona homes and apartments can be a drag on the real estate market, holding Sedona 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.

Sedona Home Appreciation Rates

In the last 10 years, Sedona has experienced some of the highest home appreciation rates of any community in the nation. Sedona real estate appreciated 144.14% over the last ten years, which is an average annual home appreciation rate of 9.34%, putting Sedona in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sedona definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Sedona that despite a nationwide downturn in the housing market, Sedona real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sedona appreciation rates continue to be some of the highest in America, at 24.07%, which is higher than appreciation rates in 92.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sedona. Sedona appreciation rates in the latest quarter were at 3.13%, which equates to an annual appreciation rate of 13.11%.

Relative to Arizona, our data show that Sedona's latest annual appreciation rate is lower than 50% 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 Sedona differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sedona - 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 Sedona real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$722,623

Sedona, AZ HOME PRICES

> $1,493,000
$1,119,001 - $1,493,000
$747,001 - $1,119,000
$597,001 - $747,000
$448,001 - $597,000
$299,001 - $448,000
$149,001 - $299,000
$75,001 - $149,000
$0 - $75,000
8.1%
8.1%
9.9%
9.9%
31.4%
31.4%
15.0%
15.0%
11.7%
11.7%
11.8%
11.8%
7.7%
7.7%
1.3%
1.3%
3.2%
3.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for AZ

Value Relative To Nation

Number Of Homes And Apartments:
5,179

Sedona Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AZ*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
204.13% 5.13%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,030 / per month

Homeownership Rate

Owners
Renters
Vacant
76.4%
76.4%
23.6%
23.6%
24.2%
24.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.7%
15.7%
71.2%
71.2%
12.9%
12.9%
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.8%
69.8%
5.0%
5.0%
6.2%
6.2%
7.9%
7.9%
10.9%
10.9%
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
8.5%
8.5%
38.3%
38.3%
41.1%
41.1%
9.0%
9.0%
1.2%
1.2%
0.0% 100.0%
% OF HOMES