menu

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 Q3 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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

$448,481

Number Of Homes And Apartments:

2,765,990

Arizona Home Prices

> $1,461,593
$1,096,220 - $1,461,593
$730,878 - $1,096,219
$584,589 - $730,877
$438,442 - $584,588
$292,348 - $438,441
$146,077 - $292,347
$73,064 - $146,076
$0 - $73,063
3.0%
3.0%
3.9%
3.9%
12.3%
12.3%
12.7%
12.7%
19.4%
19.4%
24.1%
24.1%
14.4%
14.4%
4.0%
4.0%
6.2%
6.2%
0% 100.0%
% of Homes

Arizona Appreciation Rates

Rent & Homeownership

Average Market Rent:

$2,502 / per month

Homeownership Rate

Owners
Renters
64.8%
64.8%
35.2%
35.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.6%
11.6%
88.4%
88.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
33.5%
33.5%
51.8%
51.8%
13.4%
13.4%
1.4%
1.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.9%
63.9%
5.0%
5.0%
4.7%
4.7%
16.2%
16.2%
9.7%
9.7%
0.4%
0.4%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.0%
3.0%
11.0%
11.0%
25.9%
25.9%
37.0%
37.0%
18.7%
18.7%
4.4%
4.4%
0% 100.0%
% of Homes