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 8,801, 3,839 total housing units (homes and apartments), and a median house value of $222,887, house prices in Golden Valley are solidly below the national average.
Mobile homes or trailers are the single most common housing type in Golden Valley, accounting for 59.91% of the town's housing units. Other types of housing that are prevalent in Golden Valley include single-family detached homes ( 37.25%), duplexes, homes converted to apartments or other small apartment buildings ( 1.35%).
Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Golden Valley. Owner-occupied housing accounts for 91.40% of Golden Valley's homes, and 63.90% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Golden Valley 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 Golden Valley built between 2000 and later ( 47.13%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.24%). There's also some housing in Golden Valley built before 1939 ( 1.40%).
Vacant housing appears to be an issue in Golden Valley. Fully 14.97% of the housing stock is classified as vacant. Left unchecked, vacant Golden Valley homes and apartments can be a drag on the real estate market, holding Golden Valley 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, Golden Valley has experienced some of the highest home appreciation rates of any community in the nation. Golden Valley real estate appreciated 168.99% over the last ten years, which is an average annual home appreciation rate of 10.40%, putting Golden Valley in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Golden Valley 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 Golden Valley that despite a nationwide downturn in the housing market, Golden Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Golden Valley appreciation rates continue to be some of the highest in America, at 7.21%, which is higher than appreciation rates in 89.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Golden Valley. Golden Valley appreciation rates in the latest quarter were at 1.16%, which equates to an annual appreciation rate of 4.74%.
Relative to Arizona, our data show that Golden Valley's latest annual appreciation rate is higher than 90% of the other cities and towns in Arizona.
$222,887
for Arizona
for nation
3,839
$1,481 / per month