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 3,345 people, 1,632 houses or apartments, and a median cost of homes of $295,835, Pearce real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Pearce, accounting for 70.79% of the town's housing units. Other types of housing that are prevalent in Pearce include mobile homes or trailers ( 24.76%), row houses and other attached homes ( 2.77%), and a few large apartment complexes or high rise apartments ( 1.32%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pearce. Owner-occupied housing accounts for 78.25% of Pearce's homes, and 54.90% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Pearce 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 Pearce built between 2000 and later ( 19.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.42%). There's also some housing in Pearce built before 1939 ( 2.65%).
Vacant housing appears to be an issue in Pearce. Fully 25.49% of the housing stock is classified as vacant. Left unchecked, vacant Pearce homes and apartments can be a drag on the real estate market, holding Pearce 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 Pearce have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.26%, which ranks in the top 50% nationwide. This equates to an annual average Pearce house appreciation rate of 6.53%.
Over the last year, Pearce appreciation rates have trailed the rest of the nation. In the last twelve months, Pearce's appreciation rate has been 3.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pearce were at -1.21%, which equates to an annual appreciation rate of -4.74%.
Notably, Pearce's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arizona, our data show that Pearce's latest annual appreciation rate is lower than 70% of the other cities and towns in Arizona.
$295,835
for Arizona
for nation
1,632
$1,417 / per month