Three Points, Arizona Real Estate & Housing Market

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Three Points Housing Information

Index	Three Points	Arizona	National
Median home price	$87,000	$176,900	$184,700
Median rent asked	$648	$937	$949
Avg. people per household	2.6	2.7	2.6
Owner occupied households	81.3%	62.6%	63.6%
Renter occupied households	18.7%	37.4%	36.4%

Above, you will see a summary of real estate in Three Points, AZ. On average, homes in Three Points, AZ cost $87,000, a value that is 51% lower than the average in Arizona. In general terms, this results in Three Points, AZ real estate being more affordable than Arizona real estate. On average, people who rent houses in Three Points, AZ pay $648; this value is 31% lower than the average amount renters pay in Arizona. 81.3% of Three Points, AZ residents own their own homes and, on average, each of the homes has 2.6 occupants. Three Points, 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 Three Points, 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.

Three Points Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Three Points, AZ. To estimate home affordability, one method is to use the ratio of home price to median household income. The Three Points, AZ’s median home price stands at $87,000 while $35,030 is the value of the average household income. The resulting home price to income ratio, which is 2.5x, differs from the Arizona average as the ratio is 28% 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 Three Points, 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 Three Points, AZ.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Tucson Estates, AZ	11,747	$104,000	44%
Drexel Heights, AZ	27,281	$109,100	41%
Valencia West, AZ	11,247	$130,700	29%
Three Points, AZ	5,124	$87,000	53%

Cities with similar population

City, State	Population	Home Price	National Avg.
Carlisle, OH	5,125	$133,800	28%
Avondale, LA	5,123	$96,500	48%
Flanders, NY	5,125	$300,300	63%
Port Allen, LA	5,123	$124,000	33%
Glencoe, AL	5,122	$117,100	37%
Three Points, AZ	5,124	$87,000	53%

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