Kingman has always been a value-play for retirees seeking affordable lifestyles in a rural community with access to quality medical serives, good year round weather that was within close proximity to major MSA's. However, as a result of sluggish recovery retirees are still finding good values in the primary markets of Las Vegas and Phoenix.
New Housing Demand:
False pre-peak new housing demand created an oversupply of housing that Kingman has struggled to absorb. The slow absorption rate has been compounded by weak employment growth and flat population growth. The unemployment rate in Mohave County, AZ, is 7.60%, with job growth of 0.43%. Future job growth over the next ten years is predicted to be 33.30%.
Kingman New Housing Construction
Year Built 1980-1989 1990-1999 2000-2009 2010 or later
2,045 2,932 3,992 372
Mohave County, AZ Income and SalariesThe income per capita is $20,725, which includes all adults and children. The median household income is $39,383.
Kingman Population growth 2010 2011 2012 2013
(within city limits) 28,676 28,014 28,314 28,393
Employment in Mohave County- Kingman and Lake Havasu is still reporting a downward trend despite a reduced labor pool and a relatively significant uptick in new construction jobs.