Waddell, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Waddell Neighborhoods Since 2000




Waddell, 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

Waddell Housing Market Information

With 11,367 people, 1,850 houses or apartments, and a median cost of homes of $316,879, Waddell house prices are not only among the most expensive in Arizona, Waddell real estate also is some of the most expensive in all of America.

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

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Waddell. Owner-occupied housing accounts for 80.02% of Waddell's homes, and 74.87% have either three or four bedrooms, which is average sized relative to America.

Waddell homes and real estate are some of the newest in America. 65.78% of Waddell's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Waddell real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 28.97%), and between 1940-1969 ( 4.89%).

Vacant housing appears to be an issue in Waddell. Fully 13.61% of the housing stock is classified as vacant. Left unchecked, vacant Waddell homes and apartments can be a drag on the real estate market, holding Waddell 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.

Waddell Home Appreciation Rates

Waddell's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Waddell during the period has been just -2.02%, which is lower than 80% of US communities.

Appreciation rates are so strong in Waddell that despite a nationwide downturn in the housing market, Waddell real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Waddell appreciation rates continue to be some of the highest in America, at 15.15%, which is higher than appreciation rates in 99.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Waddell. Waddell appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.40%.

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

Average Home Values

 

Median Home Value:
$316,879

Waddell, AZ HOME PRICES

Value Range
> $1,424,000 0.8
$1,067,001 - $1,424,000 0.8
$712,001 - $1,067,000 5.3
$569,001 - $712,000 9.7
$427,001 - $569,000 27.8
$285,001 - $427,000 22.1
$142,001 - $285,000 27.7
$71,001 - $142,000 2.4
$0 - $71,000 3.3

Very High for AZ
Very High for Nation

Value Relative to Nation Value Relative to State
14.8540958631197 12.8378378378378

Number Of Homes And Apartments:
1,850

Waddell 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
75.48% 3.31% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,676 / per month

Homeownership Rate

Homeownership
Owners 80.02
Renters 19.98
Vacant 13.61

Housing Market Details

 

Age of Homes

AGE OF Waddell HOMES
2000 or Newer 65.8
1970 - 1999 29.0
1940 - 1969 4.9
1939 or Older 0.4

Types of Homes

TYPE OF Waddell HOMES
Single-Family 94.0
Townhomes 0.6
Small Apt. Buildings 0.2
Apt. Complexes 2.8
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Waddell HOMES
No Bedroom 0.00
1 Bedroom 1.46
2 Bedrooms 5.53
3 Bedrooms 33.32
4 Bedrooms 41.55
5 or more bedrooms 18.13