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 Type | 4.2% |
| One Bedroom | 16.2% |
| Two Bedrooms | 30.6% |
| Three Bedrooms | 33.7% |
| Four Bedrooms | 13% |
| Five Bedrooms or more | 2.3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.71 |
| Median year structure was built | 1982 |
| Median Value of occupied units | $121,300 |
| Median Price asked for vacant units | $115,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $573 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.1% |
| Second Mortgage | 9.1% |
| Home Equity Loan | 7.9% |
| Simple Mortgage | 57.6% |
| Debt Free | 25.1% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.2% |
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