Sierra Vista, Arizona Housing Market Prices
Sierra Vista 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 67% below the Arizona median$122,691
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Median rent 27% below the Arizona median$1,128
Housing Market Overview
| Metric | Sierra Vista | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $122,691 | $367,851 | $248,835 |
| Price Trend (Annual %) | 2.1% | 11.9% | 7.5% |
| Median Gross Rent | $1,128 | $1,543 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 6.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sierra Vista is about 67% lower than in Arizona. Rent is about 27% lower 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 Sierra Vista, up about 2.1% and 3.0% a year respectively. Rent is changing faster.
Median rent in Sierra Vista rose about 22.7% between 2015 and 2024, from $919 to $1,128. Over the same span, rent in Arizona rose about 69.1%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Sierra Vista.
Buying the median-priced home in Sierra Vista costs roughly 9.1 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 Sierra Vista. The price-to-rent ratio in Arizona is about 19.9.
| Metric | Sierra Vista | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $122,691 | $367,851 | $248,835 |
| Median Household Income | $67,145 | $80,381 | $80,455 |
| Price-to-Income Ratio | 1.8 | 4.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sierra Vista fell about 4.1%, while median household income rose about 26.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Sierra Vista | Arizona Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.6% | 60.3% | 58.5% |
| Rental Rate | 34.5% | 29.2% | 31.2% |
| Vacancy Rate | 9.9% | 10.6% | 10.2% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Sierra Vista has a homeownership rate of 55.6%, lower than the Arizona average of 60.3%. Its housing vacancy rate is 9.9%, compared with 10.6% in Arizona.
Housing Stock
| Metric | Sierra Vista | Arizona Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.53 people | 2.53 people |
| Median Structure Built Year | 1991 | 1991 | 1978 |
| Median Number of Rooms | 5.4 | 5.3 | 5.5 |
The typical housing unit in Sierra Vista was built around 1991. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sierra Vista, Arizona.
What is the median home price in Sierra Vista, Arizona?
The median home price in Sierra Vista, Arizona is $122,691, lower than the Arizona average of $367,851.
What is the average home price in Sierra Vista, Arizona?
The typical home price in Sierra Vista, Arizona, reported as the median sale price, is $122,691. 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 Sierra Vista, Arizona?
The median gross rent in Sierra Vista, Arizona is $1,128 per month, lower than the Arizona average of $1,543.
What was the median gross rent in Sierra Vista in 2020?
In 2020, the median gross rent in Sierra Vista, Arizona was $950 per month.
What is the price-to-rent ratio in Sierra Vista, Arizona?
The price-to-rent ratio in Sierra Vista, Arizona is about 9.1, meaning it would take roughly 9.1 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 Sierra Vista.
Are home prices or rent rising faster in Sierra Vista, Arizona?
Both home prices and rent are rising in Sierra Vista, up about 2.1% and 3.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Sierra Vista, Arizona?
55.6% of households in Sierra Vista, Arizona own their home, lower than the Arizona average of 60.3%.
What is the vacancy rate in Sierra Vista, Arizona?
The housing vacancy rate in Sierra Vista, Arizona is 9.9%, lower than the Arizona average of 10.6%.
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