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14 Arizona Cities Where Home Prices Are Skyrocketing

3 min Read
By Gabrielle Olya

Retirees have long flocked to Arizona for its affordable cost of living and mild winters, and the state has seen a large population boom in recent years. From 2010 to 2020, Arizona’s population grew by nearly 12%, moveBuddha reported.

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Find Out: Should You Still Buy a Home in Today’s Market?

Although Arizona is still a relatively affordable state, it has experienced a rise in home prices as its population has grown. MoveBuddha identified the fastest-growing cities in Arizona, as well as how much home prices have risen in these cities in recent years. Here’s a look at the 14 cities where home prices have increased by more than 50% from 2020 to 2022.

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14. Scottsdale, Arizona

  • Population growth from 2010 to 2020: 21%
  • Average home value in 2020: $613,733
  • Average home value in 2022: $924,043
  • Increase in home value from 2020 to 2022: 51%

13. Gilbert, Arizona

  • Population growth from 2010 to 2020: 24%
  • Average home value in 2020: $381,036
  • Average home value in 2022: $575,014
  • Increase in home value from 2020 to 2022: 51%

Check Out: 6 Alternative Investments To Consider for Diversification in 2022

12. Goodyear, Arizona

  • Population growth from 2010 to 2020: 39%
  • Average home value in 2020: $321,652
  • Average home value in 2022: $488,173
  • Increase in home value from 2020 to 2022: 52%

11. Cave Creek, Arizona

  • Population growth from 2010 to 2020: 24%
  • Average home value in 2020: $646,805
  • Average home value in 2022: $983,781
  • Increase in home value from 2020 to 2022: 52%

10. Litchfield Park, Arizona

  • Population growth from 2010 to 2020: 35%
  • Average home value in 2020: $363,629
  • Average home value in 2022: $554,317
  • Increase in home value from 2020 to 2022: 52%

9. Surprise, Arizona

  • Population growth from 2010 to 2020: 26%
  • Average home value in 2020: $292,005
  • Average home value in 2022: $445,520
  • Increase in home value from 2020 to 2022: 53%

8. Apache Junction, Arizona

  • Population growth from 2010 to 2020: 22%
  • Average home value in 2020: $250,612
  • Average home value in 2022: $385,996
  • Increase in home value from 2020 to 2022: 54%

7. Carefree, Arizona

  • Population growth from 2010 to 2020: 18%
  • Average home value in 2020: $893,236
  • Average home value in 2022: $1,373,812
  • Increase in home value from 2020 to 2022: 54%

6. Youngtown, Arizona

  • Population growth from 2010 to 2020: 12%
  • Average home value in 2020: $181,731
  • Average home value in 2022: $282,588
  • Increase in home value from 2020 to 2022: 55.5%

5. Casa Grande, Arizona

  • Population growth from 2010 to 2020: 26%
  • Average home value in 2020: $213,493
  • Average home value in 2022: $332,537
  • Increase in home value from 2020 to 2022: 56%

4. Queen Creek, Arizona

  • Population growth from 2010 to 2020: 125%
  • Average home value in 2020: $405,133
  • Average home value in 2022: $634,193
  • Increase in home value from 2020 to 2022: 57%

3. Buckeye, Arizona

  • Population growth from 2010 to 2020: 68%
  • Average home value in 2020: $265,199
  • Average home value in 2022: $418,716
  • Increase in home value from 2020 to 2022: 58%
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2. Tolleson, Arizona

  • Population growth from 2010 to 2020: 16%
  • Average home value in 2020: $225,717
  • Average home value in 2022: $356,448
  • Increase in home value from 2020 to 2022: 58%

1. Guadalupe, Arizona

  • Population growth from 2010 to 2020: 21%
  • Average home value in 2020: $174,824
  • Average home value in 2022: $277,002
  • Increase in home value from 2020 to 2022: 58%

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All data is sourced from the moveBuddha 2021-2022 Arizona Migration Report.

Photo Disclaimer: Some photos are for representational purposes only.

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About the Author

Gabrielle Olya

Gabrielle Olya

Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry. Before joining the team, she was a staff writer-reporter for People Magazine and People.com. Her work has also appeared on E! Online, Us Weekly, Patch, Sweety High and Discover Los Angeles, and she has been featured on “Good Morning America” as a celebrity news expert. 

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