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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Safford, AZ Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Safford, AZ Housing Market Trends

With a population of 10,297, 3,502 total housing units (homes and apartments), and a median house value of $245,943, house prices in Safford are solidly below the national average.

Single-family detached homes are the single most common housing type in Safford, accounting for 80.55% of the city's housing units. Other types of housing that are prevalent in Safford include mobile homes or trailers ( 8.42%), duplexes, homes converted to apartments or other small apartment buildings ( 4.55%), and a few large apartment complexes or high rise apartments ( 4.32%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Safford. Owner-occupied housing accounts for 73.46% of Safford's homes, and 66.17% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Safford 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 Safford built between 1940-1969 ( 31.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 26.34%). There's also some housing in Safford built before 1939 ( 8.12%).

Vacant housing appears to be an issue in Safford. Fully 11.99% of the housing stock is classified as vacant. Left unchecked, vacant Safford homes and apartments can be a drag on the real estate market, holding Safford 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.

Safford Home Appreciation Rates

Real estate appreciation rates in Safford's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.52% during the period.

Over the last year, Safford appreciation rates have trailed the rest of the nation. In the last twelve months, Safford's appreciation rate has been 3.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Safford were at 2.08%, which equates to an annual appreciation rate of 8.59%.

Relative to Arizona, our data show that Safford's latest annual appreciation rate is lower than 60% of the other cities and towns in Arizona.

Average Home Values

Median Home Value

$245,943

Safford, AZ Home Prices
> $1,318,000
$988,001 - $1,318,000
$659,001 - $988,000
$527,001 - $659,000
$395,001 - $527,000
$263,001 - $395,000
$132,001 - $263,000
$66,001 - $132,000
$0 - $66,000
0.0%
0.0%
0.1%
0.1%
1.5%
1.5%
3.8%
3.8%
6.5%
6.5%
25.0%
25.0%
48.7%
48.7%
8.0%
8.0%
6.6%
6.6%
0% 100.0%
% of Homes
Average

for Arizona

Average

for nation

Number of Homes And Apartments:

3,502

Safford Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,715 / per month

Homeownership Rate

Owners
Renters
73.5%
73.5%
26.5%
26.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.0%
12.0%
88.0%
88.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
26.3%
26.3%
34.0%
34.0%
31.6%
31.6%
8.1%
8.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
80.5%
80.5%
1.1%
1.1%
4.5%
4.5%
4.3%
4.3%
8.4%
8.4%
1.1%
1.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.1%
5.1%
8.6%
8.6%
16.7%
16.7%
50.2%
50.2%
16.0%
16.0%
3.4%
3.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Safford

Popular Communities Near Safford, AZ

Zip Codes in Safford, AZ