Thatcher, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Thatcher Neighborhoods Since 2000




Thatcher, 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

Thatcher Housing Market Information

With 4,992 people, 1,592 houses or apartments, and a median cost of homes of $248,209, Thatcher real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Thatcher, accounting for 61.75% of the town's housing units. Other types of housing that are prevalent in Thatcher include mobile homes or trailers ( 13.46%), large apartment complexes or high rise apartments ( 11.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.15%).

The most prevalent building size and type in Thatcher are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.17% owning and 40.83% renting.

There is a lot of housing in Thatcher 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 Thatcher built between 2000 and later ( 30.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.02%). There's also some housing in Thatcher built before 1939 ( 2.99%).

Vacant housing appears to be an issue in Thatcher. Fully 14.96% of the housing stock is classified as vacant. Left unchecked, vacant Thatcher homes and apartments can be a drag on the real estate market, holding Thatcher 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.

Thatcher Home Appreciation Rates

Real estate appreciation rates in Thatcher's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.69% during the period.

Over the last year, Thatcher appreciation rates have trailed the rest of the nation. In the last twelve months, Thatcher's appreciation rate has been 0.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Thatcher were at 1.55%, which equates to an annual appreciation rate of 6.33%.

Relative to Arizona, our data show that Thatcher's latest annual appreciation rate is lower than 90% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$248,209

Thatcher, AZ HOME PRICES

Value Range
> $1,175,000 0.8
$881,001 - $1,175,000 1.5
$588,001 - $881,000 3.6
$470,001 - $588,000 6.7
$353,001 - $470,000 8.9
$235,001 - $353,000 20.2
$117,001 - $235,000 38.8
$59,001 - $117,000 8.7
$0 - $59,000 10.9

Very High for AZ
High for Nation

Value Relative to Nation Value Relative to State
22.8114379467948 16.8918918918919

Number Of Homes And Apartments:
1,592

Thatcher 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
60.01% 2.76% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,102 / per month

Homeownership Rate

Homeownership
Owners 59.17
Renters 40.83
Vacant 14.96

Housing Market Details

 

Age of Homes

AGE OF Thatcher HOMES
2000 or Newer 30.9
1970 - 1999 47.1
1940 - 1969 19.0
1939 or Older 3.0

Types of Homes

TYPE OF Thatcher HOMES
Single-Family 61.8
Townhomes 2.6
Small Apt. Buildings 10.1
Apt. Complexes 11.3
Mobile Homes 13.5
Other 0.7

Home Size

SIZE OF Thatcher HOMES
No Bedroom 0.00
1 Bedroom 7.96
2 Bedrooms 29.11
3 Bedrooms 44.12
4 Bedrooms 15.06
5 or more bedrooms 3.74

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Zip Codes in Thatcher, AZ