Tonopah, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Tonopah Neighborhoods Since 2000




Tonopah, 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

Tonopah Housing Market Information

With 63 people, 10 houses or apartments, and a median cost of homes of $132,063, house prices in Tonopah are solidly below the national average.

Tonopah is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Tonopah than is found in 98% of the communities in America.

There is a lot of housing in Tonopah 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 Tonopah built between 1940-1969 ( 0.00%). A lesser amount of the housing stock also hails from between 2000 and later ( 0.00%).

Tonopah Home Appreciation Rates

Homes have actually lost value in Tonopah over the last then years, as home values have seen a decline of 20.41% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Tonopah home appreciation rates at 2.04%, which equates to an annual appreciation rate of 8.40%.

Appreciation rates are so strong in Tonopah that despite a nationwide downturn in the housing market, Tonopah real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tonopah appreciation rates continue to be some of the highest in America, at 7.54%, which is higher than appreciation rates in 84.29% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tonopah. Tonopah appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.40%.

Importantly, this makes Tonopah 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 Tonopah's latest annual appreciation rate is lower than 50% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$132,063

Tonopah, AZ HOME PRICES

Value Range
> $1,278,000 0.0
$958,001 - $1,278,000 0.0
$639,001 - $958,000 0.0
$511,001 - $639,000 2.5
$383,001 - $511,000 4.7
$256,001 - $383,000 5.6
$127,001 - $256,000 41.1
$64,001 - $127,000 28.9
$0 - $64,000 17.2

Average for AZ
Average for Nation

Value Relative to Nation Value Relative to State
58.7718270244931 54.7297297297297

Number Of Homes And Apartments:
10

Tonopah 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
58.36% 2.70% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$961 / per month

Homeownership Rate

Homeownership
Owners 100.00
Renters 0.00
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Tonopah HOMES
2000 or Newer 0.0
1970 - 1999 100.0
1940 - 1969 0.0
1939 or Older 0.0

Types of Homes

TYPE OF Tonopah HOMES
Single-Family 100.0
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Tonopah HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 0.00
3 Bedrooms 0.00
4 Bedrooms 100.00
5 or more bedrooms 0.00

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Zip Codes in Tonopah, AZ