Casas Adobes, Arizona Housing Market Prices
Casas Adobes Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 6% below the Arizona median$345,367
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Median rent 2% above the Arizona median$1,569
Housing Market Overview
| Metric | Casas Adobes | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $345,367 | $367,851 | $248,835 |
| Price Trend (Annual %) | 8.4% | 11.9% | 7.5% |
| Median Gross Rent | $1,569 | $1,543 | $1,407 |
| Rent Trend (Annual %) | 6.3% | 6.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Casas Adobes is about 6% lower than in Arizona. Rent is about 2% higher than the Arizona average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Casas Adobes, up about 8.4% and 6.3% a year respectively. Home prices are changing faster.
Median rent in Casas Adobes rose about 65.7% between 2015 and 2024, from $947 to $1,569. Over the same span, rent in Arizona rose about 69.1%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Casas Adobes.
Buying the median-priced home in Casas Adobes costs roughly 18.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Casas Adobes. The price-to-rent ratio in Arizona is about 19.9.
| Metric | Casas Adobes | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $345,367 | $367,851 | $248,835 |
| Median Household Income | $82,597 | $80,381 | $80,455 |
| Price-to-Income Ratio | 4.2 | 4.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Casas Adobes rose about 129.1%, while median household income rose about 38.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Casas Adobes | Arizona Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.9% | 60.3% | 58.5% |
| Rental Rate | 34.2% | 29.2% | 31.2% |
| Vacancy Rate | 5.9% | 10.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Casas Adobes has a homeownership rate of 59.9%, about the same as the Arizona average of 60.3%. Its housing vacancy rate is 5.9%, compared with 10.6% in Arizona.
Housing Stock
| Metric | Casas Adobes | Arizona Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.22 people | 2.53 people | 2.53 people |
| Median Structure Built Year | 1987 | 1991 | 1978 |
| Median Number of Rooms | 5.3 | 5.3 | 5.5 |
The typical housing unit in Casas Adobes was built around 1987. On average, 2.2 people live in a home with about 5.3 rooms, staying for about 12.0 years on average.
Casas Adobes, AZ Housing Compared With Nearby Cities
How Casas Adobes, AZ compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Casas Adobes, AZ | 69,352 | $345,367 #3/3 | $1,569 #2/3 | 63.7% #3/3 |
| Oro Valley, AZ | 39,216 | $584,019 | $1,704 | 80.6% |
| Catalina Foothills, AZ | 53,988 | $437,455 | $1,459 | 74.8% |
Frequently Asked Questions
Common questions about the housing market in Casas Adobes, Arizona.
What is the median home price in Casas Adobes, Arizona?
The median home price in Casas Adobes, Arizona is $345,367, lower than the Arizona average of $367,851.
What is the average home price in Casas Adobes, Arizona?
The typical home price in Casas Adobes, Arizona, reported as the median sale price, is $345,367. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Casas Adobes, Arizona?
The median gross rent in Casas Adobes, Arizona is $1,569 per month, higher than the Arizona average of $1,543.
What was the median gross rent in Casas Adobes in 2020?
In 2020, the median gross rent in Casas Adobes, Arizona was $1,138 per month.
What is the price-to-rent ratio in Casas Adobes, Arizona?
The price-to-rent ratio in Casas Adobes, Arizona is about 18.3, meaning it would take roughly 18.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Casas Adobes.
Are home prices or rent rising faster in Casas Adobes, Arizona?
Both home prices and rent are rising in Casas Adobes, up about 8.4% and 6.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Casas Adobes, Arizona?
59.9% of households in Casas Adobes, Arizona own their home, lower than the Arizona average of 60.3%.
What is the vacancy rate in Casas Adobes, Arizona?
The housing vacancy rate in Casas Adobes, Arizona is 5.9%, lower than the Arizona average of 10.6%.
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