Tuba City, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tuba City, AZ Real Estate Data


Tuba City Housing Market Information

With 8,596 people, 2,391 houses or apartments, and a median cost of homes of $118,623, 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 54.63% of the town's housing units. Other types of housing that are prevalent in Tuba City include mobile homes or trailers ( 28.71%), large apartment complexes or high rise apartments ( 9.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.06%).

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 59.54% owning and 40.46% 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 1940-1969 ( 15.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.00%).

Vacant housing appears to be an issue in Tuba City. Fully 15.45% 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

Real estate appreciation rates in Tuba City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.61% during the period.

NeighborhoodScout's data show that during the latest twelve months, Tuba City's appreciation rate, at 4.63%, has been at or slightly above the national average. In the latest quarter, Tuba City's appreciation rate has been 4.71%, which annualizes to a rate of 20.22%.

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 lower than 80% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$118,623

Tuba City, AZ HOME PRICES

Value Range
> $1,402,000 0.9
$1,052,001 - $1,402,000 0.0
$701,001 - $1,052,000 3.8
$561,001 - $701,000 0.0
$421,001 - $561,000 3.9
$281,001 - $421,000 6.8
$140,001 - $281,000 22.9
$70,001 - $140,000 35.1
$0 - $70,000 26.7

Low for AZ
Low for Nation

Value Relative to Nation Value Relative to State
67.142940797564 67.7852348993289

Number Of Homes And Apartments:
2,391

Rent & Ownership

 

Average Market Rent:
$782 / per month

Homeownership Rate

Homeownership
Owners 59.54
Renters 40.46
Vacant 15.45

Housing Market Details

 

Age of Homes

AGE OF Tuba City HOMES
2000 or Newer 11.0
1970 - 1999 72.7
1940 - 1969 15.4
1939 or Older 1.0

Types of Homes

TYPE OF Tuba City HOMES
Single-Family 54.6
Townhomes 2.3
Small Apt. Buildings 5.1
Apt. Complexes 9.3
Mobile Homes 28.7
Other 0.0

Home Size

SIZE OF Tuba City HOMES
No Bedroom 6.36
1 Bedroom 8.66
2 Bedrooms 22.70
3 Bedrooms 46.22
4 Bedrooms 12.69
5 or more bedrooms 3.36

Tuba City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AZ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
103.49% 4.27% 10 10
* 10 is highest

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