Wellton, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Wellton Neighborhoods Since 2000




Wellton, 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

Wellton Housing Market Information

With 2,936 people, 1,315 houses or apartments, and a median cost of homes of $74,611, house prices in Wellton are some of the most affordable in Arizona as well as the nation.

Mobile homes or trailers are the single most common housing type in Wellton, accounting for 53.15% of the town's housing units. Other types of housing that are prevalent in Wellton include single-family detached homes ( 31.22%), large apartment complexes or high rise apartments ( 2.69%).

Dwellings in Wellton tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 73.96% of the homes in Wellton have two or fewer bedrooms.

Wellton homes and real estate are some of the newest in America. 48.22% 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 ( 44.94%), and between 1940-1969 ( 6.35%).

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

Homes have actually lost value in Wellton over the last then years, as home values have seen a decline of 33.25% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Wellton home appreciation rates at -0.20%, which equates to an annual appreciation rate of -0.81%.

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 -0.86%, 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 -0.20%, which equates to an annual appreciation rate of -0.81%.

Relative to Arizona, our data show that Wellton's latest annual appreciation rate is lower than 90% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$74,611

Wellton, AZ HOME PRICES

Value Range
> $1,078,000 0.0
$809,001 - $1,078,000 0.0
$539,001 - $809,000 0.0
$431,001 - $539,000 0.3
$323,001 - $431,000 2.9
$215,001 - $323,000 10.8
$108,001 - $215,000 13.8
$54,001 - $108,000 27.1
$0 - $54,000 45.0

Very Low for AZ
Very Low for Nation

Value Relative to Nation Value Relative to State
93.325911168405 91.8918918918919

Number Of Homes And Apartments:
1,315

Wellton 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
19.75% 1.05% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$906 / per month

Homeownership Rate

Homeownership
Owners 88.75
Renters 11.25
Vacant 35.76

Housing Market Details

 

Age of Homes

AGE OF Wellton HOMES
2000 or Newer 48.2
1970 - 1999 44.9
1940 - 1969 6.4
1939 or Older 0.5

Types of Homes

TYPE OF Wellton HOMES
Single-Family 31.2
Townhomes 0.5
Small Apt. Buildings 0.0
Apt. Complexes 2.7
Mobile Homes 53.2
Other 12.4

Home Size

SIZE OF Wellton HOMES
No Bedroom 0.00
1 Bedroom 51.10
2 Bedrooms 22.86
3 Bedrooms 22.86
4 Bedrooms 2.69
5 or more bedrooms 0.49

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Zip Codes in Wellton, AZ