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 45,439 people, 18,382 houses or apartments, and a median cost of homes of $260,772, Sierra Vista real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Sierra Vista, accounting for 67.83% of the city's housing units. Other types of housing that are prevalent in Sierra Vista include large apartment complexes or high rise apartments ( 18.30%), mobile homes or trailers ( 5.33%), and a few row houses and other attached homes ( 4.73%).
The most prevalent building size and type in Sierra Vista are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.73% owning and 41.27% renting.
There is a lot of housing in Sierra Vista 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 Sierra Vista built between 2000 and later ( 33.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.52%).
Real estate appreciation rates in Sierra Vista's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.26% during the period.
NeighborhoodScout's data show that during the latest twelve months, Sierra Vista's appreciation rate, at 8.70%, has been at or slightly above the national average. In the latest quarter, Sierra Vista's appreciation rate has been 4.19%, which annualizes to a rate of 17.85%.
Relative to Arizona, our data show that Sierra Vista's latest annual appreciation rate is higher than 70% 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 city. Individual neighborhoods within Sierra Vista differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sierra Vista - 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 Sierra Vista real estate investment or home purchase decisions.
$260,772
for Arizona
for nation
18,382
$1,591 / per month