Wickenburg, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wickenburg, 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

Wickenburg Housing Market Information

With 6,760 people, 3,161 houses or apartments, and a median cost of homes of $226,393, Wickenburg real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Wickenburg, accounting for 60.28% of the town's housing units. Other types of housing that are prevalent in Wickenburg include mobile homes or trailers ( 15.91%), large apartment complexes or high rise apartments ( 12.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.73%).

Dwellings in Wickenburg tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 56.87% of the homes in Wickenburg have two or fewer bedrooms.

There is a lot of housing in Wickenburg 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 Wickenburg built between 2000 and later ( 23.56%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.77%). There's also some housing in Wickenburg built before 1939 ( 3.63%).

Vacant housing appears to be an issue in Wickenburg. Fully 19.67% of the housing stock is classified as vacant. Left unchecked, vacant Wickenburg homes and apartments can be a drag on the real estate market, holding Wickenburg 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.

Wickenburg Home Appreciation Rates

Homes have actually lost value in Wickenburg over the last then years, as home values have seen a decline of 20.62% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Wickenburg home appreciation rates at 2.04%, which equates to an annual appreciation rate of 8.40%.

Over the last year, Wickenburg appreciation rates have trailed the rest of the nation. In the last twelve months, Wickenburg's appreciation rate has been 2.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wickenburg were at 2.04%, which equates to an annual appreciation rate of 8.40%.

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

Average Home Values

 

Median Home Value:
$226,393

Wickenburg, AZ HOME PRICES

Value Range
> $1,168,000 0.8
$876,001 - $1,168,000 1.8
$584,001 - $876,000 2.0
$467,001 - $584,000 5.5
$350,001 - $467,000 13.0
$234,001 - $350,000 27.5
$117,001 - $234,000 24.9
$58,001 - $117,000 9.4
$0 - $58,000 15.1

High for AZ
High for Nation

Value Relative to Nation Value Relative to State
26.5147076057659 20.2702702702703

Number Of Homes And Apartments:
3,161

Wickenburg 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
39.22% 1.94% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$809 / per month

Homeownership Rate

Homeownership
Owners 66.86
Renters 33.14
Vacant 19.67

Housing Market Details

 

Age of Homes

AGE OF Wickenburg HOMES
2000 or Newer 23.6
1970 - 1999 50.0
1940 - 1969 22.8
1939 or Older 3.6

Types of Homes

TYPE OF Wickenburg HOMES
Single-Family 60.3
Townhomes 3.0
Small Apt. Buildings 7.7
Apt. Complexes 12.5
Mobile Homes 15.9
Other 0.6

Home Size

SIZE OF Wickenburg HOMES
No Bedroom 1.98
1 Bedroom 20.97
2 Bedrooms 33.93
3 Bedrooms 35.53
4 Bedrooms 7.40
5 or more bedrooms 0.20

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Zip Codes in Wickenburg, AZ