Arizona
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Arizona Real Estate Market & Appreciation

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value:
$293,878

Number Of Homes And Apartments:
2,571,268

Arizona Home Prices

> $1,408,360
1.3%
1.3%
$1,056,473 - $1,408,360
1.5%
1.5%
$704,162 - $1,056,472
5.0%
5.0%
$563,517 - $704,161
6.0%
6.0%
$422,641 - $563,516
12.6%
12.6%
$281,751 - $422,640
25.2%
25.2%
$140,976 - $281,750
30.3%
30.3%
$70,480 - $140,975
9.8%
9.8%
$0 - $70,479
8.3%
8.3%
0.0% 100.0%
% OF HOMES

Arizona Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q1 - 2021 Q2
7.61% 34.10%
10
Last 12 Months:
2020 Q2 - 2021 Q2
18.73% 18.73%
10
Last 2 Years:
2019 Q2 - 2021 Q2
27.25% 12.80%
10
Last 5 Years:
2016 Q2 - 2021 Q2
57.45% 9.50%
10
Last 10 Years:
2011 Q2 - 2021 Q2
133.25% 8.84%
10
Since 2000:
2000 Q1 - 2021 Q2
168.22% 4.75%
9
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,768 / per month

Homeownership Rate

Owners
63.0%
63.0%
Renters
37.0%
37.0%
Vacant
14.4%
14.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
29.8%
29.8%
1970 - 1999
54.5%
54.5%
1940 - 1969
14.2%
14.2%
1939 or Older
1.5%
1.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.0%
64.0%
Townhomes
4.8%
4.8%
Small Apt. Buildings
4.7%
4.7%
Apt. Complexes
15.7%
15.7%
Mobile Homes
10.5%
10.5%
Other
0.4%
0.4%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.9%
2.9%
1 Bedroom
11.1%
11.1%
2 Bedrooms
26.5%
26.5%
3 Bedrooms
37.3%
37.3%
4 Bedrooms
18.1%
18.1%
5 or more bedrooms
4.2%
4.2%
0.0% 100.0%
% OF HOMES