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Homes

Sierra Vista continues to offer affordable housing, compared to many other parts of Arizona and the United States.

In 2007 the median price of a site-built home in the city was $217,479. On average, single-family, site-built homes in the Sierra Vista area sold at 96.9 percent of the asking price. New single-family residential construction in Sierra Vista was down 58.3 percent from January to September 2007, compared to the same period the year before.

The housing market in Cochise County and Sierra Vista has followed the trends at the state and national levels. Home sales slowed significantly, and beginning in 2007, prices began to decline modestly.

Based on its population size of 44,736, which includes Fort Huachuca, Sierra Vista ranks as the 16th largest incorporated sub-county area of 88 in the state and in 2007 was the 49th fastest growing. The city continues to attract both families and retirees to the area, many of them military veterans, who are drawn by the temperate climate, the stunning scenery, the recreational facilities and the cost of living, which remains below that of Tucson and Phoenix.

In recognizing the continued growth of Sierra Vista, the city has a number of infrastructure improvements planned for the future, which include a branch library, the expansion of the police station, new softball fields and a new city park. A third fire station was due to be completed in 2008.

POPULATION
Census Population (1990) — 32,983
Census Population (2005) — 43,690
Estimated Population (2007) — 44,736
Projected Population (2010) — 49,694

SIERRA VISTA HOUSING MARKET AT A GLANCE,
2007 Single Family Residential — Site Built Only
Number sold — 808
Median asking price — $217,461
Average selling price as % of asking price — 96.9%
Average number of days on market — 134
Average price per square foot (heated/cooled) — $128.71