Willcox, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Willcox, 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

Willcox Housing Market Information

With 3,552 people, 1,372 houses or apartments, and a median cost of homes of $98,086, house prices in Willcox are solidly below the national average.

Single-family detached homes are the single most common housing type in Willcox, accounting for 51.88% of the city's housing units. Other types of housing that are prevalent in Willcox include large apartment complexes or high rise apartments ( 18.89%), mobile homes or trailers ( 18.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Willcox. Owner-occupied housing accounts for 66.64% of Willcox's homes, and 52.84% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Willcox 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 Willcox built between 1940-1969 ( 33.00%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.78%). There's also some housing in Willcox built before 1939 ( 6.97%).

Vacant housing appears to be an issue in Willcox. Fully 22.88% of the housing stock is classified as vacant. Left unchecked, vacant Willcox homes and apartments can be a drag on the real estate market, holding Willcox 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.

Willcox Home Appreciation Rates

Real estate appreciation rates in Willcox's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.67% during the period.

Appreciation rates are so strong in Willcox that despite a nationwide downturn in the housing market, Willcox real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Willcox appreciation rates continue to be some of the highest in America, at 8.03%, which is higher than appreciation rates in 86.83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Willcox. Willcox appreciation rates in the latest quarter were at 3.79%, which equates to an annual appreciation rate of 16.04%.

Importantly, this makes Willcox one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$98,086

Willcox, AZ HOME PRICES

Value Range
> $1,053,000 1.7
$790,001 - $1,053,000 0.0
$526,001 - $790,000 0.1
$421,001 - $526,000 0.0
$316,001 - $421,000 4.3
$211,001 - $316,000 2.7
$105,001 - $211,000 36.3
$53,001 - $105,000 35.2
$0 - $53,000 19.6

Low for AZ
Low for Nation

Value Relative to Nation Value Relative to State
78.7940935192781 76.3513513513514

Number Of Homes And Apartments:
1,372

Willcox 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
36.78% 1.83% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$778 / per month

Homeownership Rate

Homeownership
Owners 66.64
Renters 33.36
Vacant 22.88

Housing Market Details

 

Age of Homes

AGE OF Willcox HOMES
2000 or Newer 14.8
1970 - 1999 45.3
1940 - 1969 33.0
1939 or Older 7.0

Types of Homes

TYPE OF Willcox HOMES
Single-Family 51.9
Townhomes 0.5
Small Apt. Buildings 10.1
Apt. Complexes 18.9
Mobile Homes 18.6
Other 0.0

Home Size

SIZE OF Willcox HOMES
No Bedroom 3.43
1 Bedroom 19.28
2 Bedrooms 21.70
3 Bedrooms 42.27
4 Bedrooms 10.57
5 or more bedrooms 2.75

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Zip Codes in Willcox, AZ