Whiteriver, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Whiteriver, 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

Whiteriver Housing Market Information

With a population of 4,134, 1,038 total housing units (homes and apartments), and a median house value of $78,168, house prices in Whiteriver 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 Whiteriver, accounting for 77.62% of the town's housing units. Other types of housing that are prevalent in Whiteriver include mobile homes or trailers ( 11.54%), duplexes, homes converted to apartments or other small apartment buildings ( 7.89%), and a few row houses and other attached homes ( 2.25%).

The most prevalent building size and type in Whiteriver are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 47.54% owning and 52.46% renting.

There is a lot of housing in Whiteriver 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 Whiteriver built between 1940-1969 ( 23.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 2.52%).

Whiteriver Home Appreciation Rates

Homes have actually lost value in Whiteriver over the last then years, as home values have seen a decline of 19.57% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Whiteriver home appreciation rates at 1.55%, which equates to an annual appreciation rate of 6.33%.

Appreciation rates are so strong in Whiteriver that despite a nationwide downturn in the housing market, Whiteriver real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Whiteriver appreciation rates continue to be some of the highest in America, at 7.39%, which is higher than appreciation rates in 83.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Whiteriver. Whiteriver appreciation rates in the latest quarter were at 1.55%, which equates to an annual appreciation rate of 6.33%.

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

Average Home Values

 

Median Home Value:
$78,168

Whiteriver, AZ HOME PRICES

Value Range
> $1,188,000 0.0
$891,001 - $1,188,000 0.0
$594,001 - $891,000 1.5
$475,001 - $594,000 0.0
$357,001 - $475,000 4.4
$238,001 - $357,000 1.6
$119,001 - $238,000 21.1
$59,001 - $119,000 38.7
$0 - $59,000 32.8

Very Low for AZ
Very Low for Nation

Value Relative to Nation Value Relative to State
91.6236962381343 89.1891891891892

Number Of Homes And Apartments:
1,038

Whiteriver 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
57.32% 2.66% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$573 / per month

Homeownership Rate

Homeownership
Owners 47.54
Renters 52.46
Vacant 9.97

Housing Market Details

 

Age of Homes

AGE OF Whiteriver HOMES
2000 or Newer 2.5
1970 - 1999 74.2
1940 - 1969 23.3
1939 or Older 0.0

Types of Homes

TYPE OF Whiteriver HOMES
Single-Family 77.6
Townhomes 2.3
Small Apt. Buildings 7.9
Apt. Complexes 0.7
Mobile Homes 11.5
Other 0.0

Home Size

SIZE OF Whiteriver HOMES
No Bedroom 2.86
1 Bedroom 11.62
2 Bedrooms 24.54
3 Bedrooms 38.86
4 Bedrooms 17.78
5 or more bedrooms 4.34

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Zip Codes in Whiteriver, AZ