The housing market in Santa Cruz, AZ County is on the rise. The current median value of a house in the area is $253,600, which is significantly lower than the US house median value of $338,100. However, house appreciation in Santa Cruz has been increasing at a rapid rate as compared to the rest of the country. The US 1 year house appreciation rate was 8.27%, while the 1 year appreciation rate in Santa Cruz was 11.29%. This indicates that investing in real estate in this county may be a wise move and could yield higher returns than other areas of the country.
The median home cost in Santa Cruz County is $253,600. Home appreciation the last 10 years has been 88.3%. Home Appreciation in Santa Cruz County is up 18.2%.
Average Age of Homes
- The median age of Santa Cruz County real estate is 30 years old
The Rental Market in Santa Cruz County
- Renters make up 30.0% of the Santa Cruz County population
- 2.5% of houses and apartments in Santa Cruz County, 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.