14 Arizona Cities Where Home Prices Are Skyrocketing

Despite the increases, many of these cities remain affordable.

By Gabrielle Olya Jul 21, 2022 Real Estate Investing 101

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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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%

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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.

About the Author

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.