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 a population of 9,868, 3,685 total housing units (homes and apartments), and a median house value of $270,967, Arizona City real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Arizona City, accounting for 69.08% of the town's housing units. Other types of housing that are prevalent in Arizona City include mobile homes or trailers ( 15.39%), duplexes, homes converted to apartments or other small apartment buildings ( 8.74%), and a few large apartment complexes or high rise apartments ( 3.68%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Arizona City. Owner-occupied housing accounts for 76.07% of Arizona City's homes, and 69.59% have either three or four bedrooms, which is average sized relative to America.
Arizona City homes and real estate are some of the newest in America. 58.31% of Arizona City's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Arizona City real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.95%), and between 1940-1969 ( 5.74%).
Vacant housing appears to be an issue in Arizona City. Fully 19.31% of the housing stock is classified as vacant. Left unchecked, vacant Arizona City homes and apartments can be a drag on the real estate market, holding Arizona 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, Arizona City has experienced some of the highest home appreciation rates of any community in the nation. Arizona City real estate appreciated 206.77% over the last ten years, which is an average annual home appreciation rate of 11.86%, putting Arizona City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Arizona City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Arizona City that despite a nationwide downturn in the housing market, Arizona City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Arizona City appreciation rates continue to be some of the highest in America, at 9.04%, which is higher than appreciation rates in 81.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Arizona City. Arizona City appreciation rates in the latest quarter were at 1.82%, which equates to an annual appreciation rate of 7.49%.
Relative to Arizona, our data show that Arizona City's latest annual appreciation rate is higher than 90% of the other cities and towns in Arizona.
$270,967
for Arizona
for nation
3,685
$1,792 / per month