14 Arizona Cities Where Home Prices Are Skyrocketing

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14 Arizona Cities Where Home Prices Are Skyrocketing

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.
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%
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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