San Luis, Arizona Housing Market Prices
San Luis 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 69% below the Arizona median$112,500
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Median rent 52% below the Arizona median$747
Housing Market Overview
| Metric | San Luis | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $367,851 | $248,835 |
| Price Trend (Annual %) | 140.9% | 11.9% | 7.5% |
| Median Gross Rent | $747 | $1,543 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 6.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in San Luis is about 69% lower than in Arizona. Rent is about 52% lower than the Arizona average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in San Luis, up about 140.9% and 2.6% a year respectively. Home prices are changing faster.
Median rent in San Luis rose about 20.3% between 2015 and 2024, from $621 to $747. Over the same span, rent in Arizona rose about 69.1%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in San Luis.
Buying the median-priced home in San Luis costs roughly 12.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in San Luis. The price-to-rent ratio in Arizona is about 19.9.
| Metric | San Luis | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $367,851 | $248,835 |
| Median Household Income | $59,364 | $80,381 | $80,455 |
| Price-to-Income Ratio | 1.9 | 4.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in San Luis rose about 109.8%, while median household income rose about 86.5% 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 | San Luis | Arizona Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.6% | 60.3% | 58.5% |
| Rental Rate | 25.8% | 29.2% | 31.2% |
| Vacancy Rate | 2.7% | 10.6% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
San Luis has a homeownership rate of 71.6%, higher than the Arizona average of 60.3%. Its housing vacancy rate is 2.7%, compared with 10.6% in Arizona.
Housing Stock
| Metric | San Luis | Arizona Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.32 people | 2.53 people | 2.53 people |
| Median Structure Built Year | 2003 | 1991 | 1978 |
| Median Number of Rooms | 4.9 | 5.3 | 5.5 |
The typical housing unit in San Luis was built around 2003. On average, 3.3 people live in a home with about 4.9 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in San Luis, Arizona.
What is the median home price in San Luis, Arizona?
The median home price in San Luis, Arizona is $112,500, lower than the Arizona average of $367,851.
What is the average home price in San Luis, Arizona?
The typical home price in San Luis, Arizona, reported as the median sale price, is $112,500. 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 San Luis, Arizona?
The median gross rent in San Luis, Arizona is $747 per month, lower than the Arizona average of $1,543.
What was the median gross rent in San Luis in 2020?
In 2020, the median gross rent in San Luis, Arizona was $690 per month.
What is the price-to-rent ratio in San Luis, Arizona?
The price-to-rent ratio in San Luis, Arizona is about 12.5, meaning it would take roughly 12.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in San Luis.
Are home prices or rent rising faster in San Luis, Arizona?
Both home prices and rent are rising in San Luis, up about 140.9% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in San Luis, Arizona?
71.6% of households in San Luis, Arizona own their home, higher than the Arizona average of 60.3%.
What is the vacancy rate in San Luis, Arizona?
The housing vacancy rate in San Luis, Arizona is 2.7%, lower than the Arizona average of 10.6%.
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