The housing market in Seven Mile, AZ is quite impressive compared to the national median value. The median value of a house in Seven Mile is $118,900, which is significantly lower than the US median value of $338,100. In addition to the lower median value, the one year appreciation rate for houses in Seven Mile was 14.29%, which is higher than the US one year appreciation rate of 8.27%. This demonstrates that Seven Mile has strong potential for investments in housing and provides many opportunities for potential buyers looking for bargains.
The median home cost in Seven Mile is $118,900. Home appreciation the last 10 years has been 138.7%. Home Appreciation in Seven Mile is up 18.9%.
Average Age of Homes
- The median age of Seven Mile real estate is 34 years old
The Rental Market in Seven Mile
- Renters make up 30.5% of the Seven Mile population
- 1.5% of houses and apartments in Seven Mile, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.