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 49,075, 19,773 total housing units (homes and apartments), and a median house value of $466,054, Prescott Valley real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Prescott Valley, accounting for 69.84% of the town's housing units. Other types of housing that are prevalent in Prescott Valley include mobile homes or trailers ( 12.43%), duplexes, homes converted to apartments or other small apartment buildings ( 8.96%), and a few row houses and other attached homes ( 4.37%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Prescott Valley. Owner-occupied housing accounts for 70.77% of Prescott Valley's homes, and 69.24% have either three or four bedrooms, which is average sized relative to America.
Prescott Valley homes and real estate are some of the newest in America. 52.40% of Prescott Valley'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 Prescott Valley real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 45.66%), and between 1940-1969 ( 1.62%).
In the last 10 years, Prescott Valley has experienced some of the highest home appreciation rates of any community in the nation. Prescott Valley real estate appreciated 158.31% over the last ten years, which is an average annual home appreciation rate of 9.95%, putting Prescott Valley in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Prescott Valley definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Prescott Valley's appreciation rate, at 5.90%, has been at or slightly above the national average. In the latest quarter, Prescott Valley's appreciation rate has been 1.76%, which annualizes to a rate of 7.22%.
Relative to Arizona, our data show that Prescott Valley's latest annual appreciation rate is higher than 50% 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 town. Individual neighborhoods within Prescott Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Prescott Valley - 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 Prescott Valley real estate investment or home purchase decisions.
$466,054
for Arizona
for nation
19,773
$2,468 / per month