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14 Arizona Cities Where Home Prices Are Skyrocketing

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©Shutterstock.com

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%
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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%
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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%

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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%
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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%
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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%
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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%
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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%
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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%
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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%
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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%
Eun Kim / Getty Images/iStockphoto

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.