San Tan Valley, Arizona Real Estate & Housing Market

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San Tan Valley Housing Information

Index	San Tan Valley	Arizona	National
Median home price	$161,000	$176,900	$184,700
Median rent asked	$1,187	$937	$949
Avg. people per household	3.6	2.7	2.6
Owner occupied households	70.3%	62.6%	63.6%
Renter occupied households	29.7%	37.4%	36.4%

Above, you will see a summary of real estate in San Tan Valley, AZ. On average, homes in San Tan Valley, AZ cost $161,000, a value that is 9% lower than the average in Arizona. In general terms, this results in San Tan Valley, AZ real estate being more affordable than Arizona real estate. On average, people who rent houses in San Tan Valley, AZ pay $1,187; this value is 27% higher than the average amount renters pay in Arizona. 70.3% of San Tan Valley, AZ residents own their own homes and, on average, each of the homes has 3.6 occupants. San Tan Valley, AZ real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in San Tan Valley, AZ is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

San Tan Valley Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in San Tan Valley, AZ. To estimate home affordability, one method is to use the ratio of home price to median household income. The San Tan Valley, AZ’s median home price stands at $161,000 while $61,049 is the value of the average household income. The resulting home price to income ratio, which is 2.6x, differs from the Arizona average as the ratio is 23% lower than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in San Tan Valley, AZ are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in San Tan Valley, AZ.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Sacaton, AZ	2,787	$0	100%
Upper Santan Village, AZ	459	$0	100%
Lower Santan Village, AZ	604	$54,200	71%
Sacaton Flats Village, AZ	364	$54,800	70%
Apache Junction, AZ	37,775	$89,600	51%
San Tan Valley, AZ	88,507	$161,000	13%

Cities with similar population

City, State	Population	Home Price	National Avg.
Toms River, NJ	88,537	$278,700	51%
Edmond, OK	88,342	$207,000	12%
Newton, MA	88,317	$788,500	327%
Meridian, ID	88,247	$199,100	8%
Waukegan, IL	88,159	$118,600	36%
San Tan Valley, AZ	88,507	$161,000	13%

Source: The San Tan Valley, AZ housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).