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Arizona Real Estate


According to census data in the year 2000 there were 2,189,189 housing units in Arizona. This represents a 31.9% from 1,659,430 in 1990.

Of those housing units, 1,898,832 were located in either urbanized areas or urban clusters, and 290,357 were located in what is classified as a rural area.

Homeownership rate in Arizona is about 68%. Arizona's vacancy rate, including seasonal lodging, is about 13.1%. Average household size is 2.64 people.

The majority of houses, apartments or condos in Arizona were built after 1981.

Statistics

Housing Size

Housing Units by Size
Studio Type4.2%
One Bedroom16.2%
Two Bedrooms30.6%
Three Bedrooms33.7%
Four Bedrooms13%
Five Bedrooms or more2.3%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.71
Median year structure was built1982
Median Value of occupied units$121,300
Median Price asked for vacant units$115,900

Rented Homes, Apartments and Condos

Average Household Size2.48
Median year structure was built1980
Median Monthly Rent asked for vacant units$573

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.1%
Second Mortgage9.1%
Home Equity Loan7.9%
Simple Mortgage57.6%
Debt Free25.1%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs19.2%

Cities & Towns


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