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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Wellton, AZ Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Wellton, AZ Housing Market Trends

With a population of 2,519, 1,237 total housing units (homes and apartments), and a median house value of $136,809, house prices in Wellton are some of the most affordable in Arizona as well as the nation.

Single-family detached homes are the single most common housing type in Wellton, accounting for 46.61% of the town's housing units. Other types of housing that are prevalent in Wellton include mobile homes or trailers ( 38.48%), duplexes, homes converted to apartments or other small apartment buildings ( 4.38%), and a few large apartment complexes or high rise apartments ( 2.19%).

Dwellings in Wellton tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 79.82% of the homes in Wellton have two or fewer bedrooms.

Wellton homes and real estate are some of the newest in America. 54.64% of Wellton'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 Wellton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 41.40%), and between 1940-1969 ( 2.29%). There's also some housing in Wellton built before 1939 ( 1.67%).

A decent proportion of the Wellton housing stock is seasonally occupied. That is, homes and condos in Wellton are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Wellton housing market speaks to its popularity as a vacation location of choice.

Wellton Home Appreciation Rates

Appreciation rates for homes in Wellton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.30%, which ranks in the top 30% nationwide. This equates to an annual average Wellton house appreciation rate of 7.14%.

Over the last year, Wellton appreciation rates have trailed the rest of the nation. In the last twelve months, Wellton's appreciation rate has been 2.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wellton were at -0.17%, which equates to an annual appreciation rate of -0.66%.

Relative to Arizona, our data show that Wellton's latest annual appreciation rate is higher than 50% of the other cities and towns in Arizona.

Average Home Values

Median Home Value

$136,809

Wellton, AZ Home Prices
> $1,887,000
$1,415,001 - $1,887,000
$943,001 - $1,415,000
$755,001 - $943,000
$566,001 - $755,000
$377,001 - $566,000
$189,001 - $377,000
$94,001 - $189,000
$0 - $94,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
6.9%
6.9%
3.2%
3.2%
9.9%
9.9%
22.9%
22.9%
24.9%
24.9%
32.1%
32.1%
0% 100.0%
% of Homes
Very Low

for Arizona

Very Low

for nation

Number of Homes And Apartments:

1,237

Wellton Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,290 / per month

Homeownership Rate

Owners
Renters
85.9%
85.9%
14.1%
14.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
35.5%
35.5%
64.5%
64.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
54.6%
54.6%
41.4%
41.4%
2.3%
2.3%
1.7%
1.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
46.6%
46.6%
1.0%
1.0%
4.4%
4.4%
2.2%
2.2%
38.5%
38.5%
7.3%
7.3%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.2%
5.2%
47.3%
47.3%
27.3%
27.3%
17.0%
17.0%
3.2%
3.2%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Communities Near Wellton, AZ

Zip Codes in Wellton, AZ