Last updated: July 2, 2026
Apple Valley 2-4 unit sales for 2026 remained healthy in Q2 but do show a leveling of prices per unit between $150,000 and $200,000 per unit. The Q2 ’26 closing count was five which is up from the previous two quarters. Closing numbers have been generally declining since Q3 ’24.
Average prices per unit for 2026 (based on average unit size) finished generally below 2024 and 2025 levels for average unit sizes over 850+- square feet. For average unit sizes under 850+- square feet,
GRM’s (gross rent multipliers) averaged approximately 12.4 in 2025. Note that 2025 GRM’s were erratic but generally in the 11 to 15 range. Generally speaking, lower rents tend to result in higher multipliers. Also, duplexes tend to exhibit higher GRM’s. So, be careful applying this average to your rents. The average GRM for 2026 (so far) stands at approximately 11.9. First quarter 2026 average GRM was 11.8.
While these charts show general trends, they should not be used to estimate value. Call us for a complementary broker price opinion.
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