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 a population of 5,352, 2,323 total housing units (homes and apartments), and a median house value of $159,142, house prices in Benson are solidly below the national average.
Mobile homes or trailers are the single most common housing type in Benson, accounting for 43.53% of the city's housing units. Other types of housing that are prevalent in Benson include single-family detached homes ( 40.69%), large apartment complexes or high rise apartments ( 7.71%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.75%).
The most prevalent building size and type in Benson are three and four bedroom dwellings, chiefly found in mobile homes or trailers. The city has a mixture of owners and renters, with 64.97% owning and 35.03% renting.
There is a lot of housing in Benson 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 Benson built between 2000 and later ( 25.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.15%). There's also some housing in Benson built before 1939 ( 3.77%).
Vacant housing appears to be an issue in Benson. Fully 23.16% of the housing stock is classified as vacant. Left unchecked, vacant Benson homes and apartments can be a drag on the real estate market, holding Benson real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Benson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.26%, which ranks in the top 50% nationwide. This equates to an annual average Benson house appreciation rate of 6.76%.
NeighborhoodScout's data show that during the latest twelve months, Benson's appreciation rate, at 5.97%, has been at or slightly above the national average. In the latest quarter, Benson's appreciation rate has been -1.21%, which annualizes to a rate of -4.74%.
Notably, Benson's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arizona, our data show that Benson's latest annual appreciation rate is higher than 50% of the other cities and towns in Arizona.
$159,142
for Arizona
for nation
2,323
$1,259 / per month