Sun City West, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Sun City West Neighborhoods Since 2000




Sun City West, 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

Sun City West Housing Market Information

With 25,614 people, 14,615 houses or apartments, and a median cost of homes of $208,309, Sun City West real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Sun City West, accounting for 79.13% of the town's housing units. Other types of housing that are prevalent in Sun City West include row houses and other attached homes ( 11.39%), large apartment complexes or high rise apartments ( 7.33%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.79%).

Dwellings in Sun City West tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 86.87% of the homes in Sun City West have two or fewer bedrooms.

There is a lot of housing in Sun City West 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 Sun City West built between 2000 and later ( 3.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.56%).

Vacant housing appears to be an issue in Sun City West. Fully 20.36% of the housing stock is classified as vacant. Left unchecked, vacant Sun City West homes and apartments can be a drag on the real estate market, holding Sun City West 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.

Sun City West Home Appreciation Rates

Sun City West's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sun City West during the period has been just -1.85%, which is lower than 80% of US communities.

Appreciation rates are so strong in Sun City West that despite a nationwide downturn in the housing market, Sun City West real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sun City West appreciation rates continue to be some of the highest in America, at 5.59%, which is higher than appreciation rates in 70.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sun City West. Sun City West appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.40%.

Importantly, this makes Sun City West 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 Sun City West'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 town. Individual neighborhoods within Sun City West differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sun City West - 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 Sun City West real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$208,309

Sun City West, AZ HOME PRICES

Value Range
> $1,228,000 0.3
$921,001 - $1,228,000 0.1
$614,001 - $921,000 1.0
$491,001 - $614,000 1.7
$368,001 - $491,000 6.6
$246,001 - $368,000 28.5
$123,001 - $246,000 52.1
$61,001 - $123,000 6.0
$0 - $61,000 3.8

High for AZ
High for Nation

Value Relative to Nation Value Relative to State
30.2003984530646 24.3243243243243

Number Of Homes And Apartments:
14,615

Sun City West 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
40.52% 1.99% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,556 / per month

Homeownership Rate

Homeownership
Owners 85.92
Renters 14.08
Vacant 20.36

Housing Market Details

 

Age of Homes

AGE OF Sun City West HOMES
2000 or Newer 3.9
1970 - 1999 94.4
1940 - 1969 1.6
1939 or Older 0.2

Types of Homes

TYPE OF Sun City West HOMES
Single-Family 79.1
Townhomes 11.4
Small Apt. Buildings 1.8
Apt. Complexes 7.3
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Sun City West HOMES
No Bedroom 0.20
1 Bedroom 6.08
2 Bedrooms 80.60
3 Bedrooms 12.31
4 Bedrooms 0.74
5 or more bedrooms 0.08