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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 Q4 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2023 (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

$456,770

Number Of Homes And Apartments:

2,796,790

Arizona Home Prices

> $1,324,012
$993,168 - $1,324,012
$662,100 - $993,167
$529,616 - $662,099
$397,205 - $529,615
$264,853 - $397,204
$132,427 - $264,852
$66,165 - $132,426
$0 - $66,164
3.9%
3.9%
4.9%
4.9%
15.6%
15.6%
14.9%
14.9%
19.6%
19.6%
20.8%
20.8%
10.7%
10.7%
3.4%
3.4%
6.1%
6.1%
0% 100.0%
% of Homes

Arizona Appreciation Rates

Rent & Homeownership

Average Market Rent:

$2,475 / per month

Homeownership Rate

Owners
Renters
65.5%
65.5%
34.5%
34.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.0%
11.0%
89.0%
89.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
35.1%
35.1%
50.4%
50.4%
13.0%
13.0%
1.4%
1.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.1%
64.1%
5.1%
5.1%
4.7%
4.7%
16.3%
16.3%
9.5%
9.5%
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
3.1%
3.1%
11.0%
11.0%
25.6%
25.6%
37.1%
37.1%
18.7%
18.7%
4.5%
4.5%
0% 100.0%
% of Homes