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 13,604 people, 5,221 houses or apartments, and a median cost of homes of $481,958, Vail real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Vail, accounting for 87.34% of the town's housing units. Other types of housing that are prevalent in Vail include mobile homes or trailers ( 10.99%), row houses and other attached homes ( 1.67%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vail. Owner-occupied housing accounts for 91.09% of Vail's homes, and 81.91% have either three or four bedrooms, which is average sized relative to America.
Vail homes and real estate are some of the newest in America. 86.83% of Vail's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Vail real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 12.84%), and between 1940-1969 ( 0.33%).
In the last 10 years, Vail has experienced some of the highest home appreciation rates of any community in the nation. Vail real estate appreciated 122.37% over the last ten years, which is an average annual home appreciation rate of 8.32%, putting Vail in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Vail 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 Vail that despite a nationwide downturn in the housing market, Vail real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Vail appreciation rates continue to be some of the highest in America, at 12.06%, which is higher than appreciation rates in 72.69% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Vail. Vail appreciation rates in the latest quarter were at 5.04%, which equates to an annual appreciation rate of 21.71%.
Importantly, this makes Vail one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Arizona, our data show that Vail's latest annual appreciation rate is higher than 90% 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 town. Individual neighborhoods within Vail differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Vail - 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 Vail real estate investment or home purchase decisions.
$481,958
for Arizona
for nation
5,221
$2,774 / per month