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 4,573 people, 1,118 houses or apartments, and a median cost of homes of $54,734, house prices in Chinle are some of the most affordable in Arizona as well as the nation.
Single-family detached homes are the single most common housing type in Chinle, accounting for 47.42% of the town's housing units. Other types of housing that are prevalent in Chinle include duplexes, homes converted to apartments or other small apartment buildings ( 29.44%), mobile homes or trailers ( 12.81%), and a few large apartment complexes or high rise apartments ( 7.87%).
People in Chinle primarily live in small (one, two or no bedroom) single-family detached homes. Chinle has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Chinle 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 Chinle built between 2000 and later ( 28.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.29%). There's also some housing in Chinle built before 1939 ( 1.65%).
Vacant housing appears to be an issue in Chinle. Fully 16.25% of the housing stock is classified as vacant. Left unchecked, vacant Chinle homes and apartments can be a drag on the real estate market, holding Chinle 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, Chinle has experienced some of the highest home appreciation rates of any community in the nation. Chinle real estate appreciated 131.27% over the last ten years, which is an average annual home appreciation rate of 8.75%, putting Chinle in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Chinle 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, Chinle appreciation rates have trailed the rest of the nation. In the last twelve months, Chinle's appreciation rate has been -5.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chinle were at 2.08%, which equates to an annual appreciation rate of 8.59%.
Relative to Arizona, our data show that Chinle's latest annual appreciation rate is lower than 90% of the other cities and towns in Arizona.
$54,734
for Arizona
for nation
1,118
$1,175 / per month