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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 58,926 people, 26,711 houses or apartments, and a median cost of homes of $516,045, Lake Havasu City real estate is some of the most expensive in Arizona, although Lake Havasu City home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Lake Havasu City, accounting for 77.95% of the city's housing units. Other types of housing that are prevalent in Lake Havasu City include large apartment complexes or high rise apartments ( 7.32%), duplexes, homes converted to apartments or other small apartment buildings ( 6.80%), and a few mobile homes or trailers ( 4.02%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lake Havasu City. Owner-occupied housing accounts for 73.94% of Lake Havasu City's homes, and 66.44% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lake Havasu City 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 Lake Havasu City built between 2000 and later ( 31.60%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.51%).
Vacant housing appears to be an issue in Lake Havasu City. Fully 22.24% of the housing stock is classified as vacant. Left unchecked, vacant Lake Havasu City homes and apartments can be a drag on the real estate market, holding Lake Havasu City 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.
In the last 10 years, Lake Havasu City has experienced some of the highest home appreciation rates of any community in the nation. Lake Havasu City real estate appreciated 146.46% over the last ten years, which is an average annual home appreciation rate of 9.44%, putting Lake Havasu City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lake Havasu City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Lake Havasu City appreciation rates have trailed the rest of the nation. In the last twelve months, Lake Havasu City's appreciation rate has been 0.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lake Havasu City were at -2.75%, which equates to an annual appreciation rate of -10.56%.
Notably, Lake Havasu City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arizona, our data show that Lake Havasu City's latest annual appreciation rate is lower than 80% of the other cities and towns in Arizona.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lake Havasu City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lake Havasu City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lake Havasu City real estate investment or home purchase decisions.
$516,045
for Arizona
for nation
26,711
$2,055 / per month