Tuba City, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tuba City, 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

Tuba City Housing Market Information

With a population of 8,596, 2,360 total housing units (homes and apartments), and a median house value of $99,297, house prices in Tuba City are solidly below the national average.

Single-family detached homes are the single most common housing type in Tuba City, accounting for 51.84% of the town's housing units. Other types of housing that are prevalent in Tuba City include mobile homes or trailers ( 30.72%), large apartment complexes or high rise apartments ( 8.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.17%).

The most prevalent building size and type in Tuba City are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.41% owning and 42.59% renting.

There is a lot of housing in Tuba City 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 Tuba City built between 2000 and later ( 15.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.30%).

Vacant housing appears to be an issue in Tuba City. Fully 14.80% of the housing stock is classified as vacant. Left unchecked, vacant Tuba City homes and apartments can be a drag on the real estate market, holding Tuba City 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.

Tuba City Home Appreciation Rates

Homes have actually lost value in Tuba City over the last then years, as home values have seen a decline of 19.94% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Tuba City home appreciation rates at 2.62%, which equates to an annual appreciation rate of 10.91%.

Appreciation rates are so strong in Tuba City that despite a nationwide downturn in the housing market, Tuba City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tuba City appreciation rates continue to be some of the highest in America, at 11.42%, which is higher than appreciation rates in 96.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tuba City. Tuba City appreciation rates in the latest quarter were at 2.62%, which equates to an annual appreciation rate of 10.91%.

Importantly, this makes Tuba City 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 Tuba City's latest annual appreciation rate is higher than 90% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$99,297

Tuba City, AZ HOME PRICES

Value Range
> $1,202,000 0.0
$901,001 - $1,202,000 0.0
$601,001 - $901,000 3.8
$480,001 - $601,000 0.0
$361,001 - $480,000 4.0
$240,001 - $361,000 5.2
$120,001 - $240,000 21.1
$60,001 - $120,000 33.8
$0 - $60,000 32.0

Low for AZ
Low for Nation

Value Relative to Nation Value Relative to State
78.0294152115317 75.0

Number Of Homes And Apartments:
2,360

Tuba City 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
97.54% 4.03% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$868 / per month

Homeownership Rate

Homeownership
Owners 57.41
Renters 42.59
Vacant 14.80

Housing Market Details

 

Age of Homes

AGE OF Tuba City HOMES
2000 or Newer 15.2
1970 - 1999 70.2
1940 - 1969 14.3
1939 or Older 0.3

Types of Homes

TYPE OF Tuba City HOMES
Single-Family 51.8
Townhomes 2.6
Small Apt. Buildings 6.2
Apt. Complexes 8.6
Mobile Homes 30.7
Other 0.0

Home Size

SIZE OF Tuba City HOMES
No Bedroom 5.45
1 Bedroom 8.92
2 Bedrooms 20.29
3 Bedrooms 50.29
4 Bedrooms 11.08
5 or more bedrooms 3.97

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Zip Codes in Tuba City, AZ