Cities with the fastest-growing home prices in the Phoenix metro area (2024)

#30. El Mirage, AZ

1-year price change: +$13,007 (+3.7%)
5-year price change: +$155,045 (+74.7%)
Typical home value: $362,613 (#33 most expensive city in metro)

#29. San Tan Valley, AZ

1-year price change: +$13,273 (+3.3%)
5-year price change: +$169,212 (+68.3%)
Typical home value: $416,927 (#25 most expensive city in metro)

#28. Youngtown, AZ

1-year price change: +$16,125 (+5.3%)
5-year price change: +$138,071 (+76.7%)
Typical home value: $318,051 (#36 most expensive city in metro)

#27. Avondale, AZ

1-year price change: +$16,696 (+4.2%)
5-year price change: +$169,052 (+69.9%)
Typical home value: $410,993 (#26 most expensive city in metro)

#26. Mesa, AZ

1-year price change: +$18,595 (+4.4%)
5-year price change: +$173,134 (+64.3%)
Typical home value: $442,401 (#21 most expensive city in metro)

#25. Superior, AZ

1-year price change: +$18,739 (+11.3%)
5-year price change: +$81,321 (+78.4%)
Typical home value: $185,096 (#42 most expensive city in metro)

#24. Gold Canyon, AZ

1-year price change: +$19,215 (+4.0%)
5-year price change: +$186,622 (+59.1%)
Typical home value: $502,324 (#17 most expensive city in metro)

#23. Peoria, AZ

1-year price change: +$19,393 (+4.0%)
5-year price change: +$191,884 (+62.6%)
Typical home value: $498,467 (#18 most expensive city in metro)

#22. Oracle, AZ

1-year price change: +$20,680 (+4.1%)
5-year price change: +$210,266 (+66.5%)
Typical home value: $526,621 (#16 most expensive city in metro)

#21. Litchfield Park, AZ

1-year price change: +$21,222 (+4.1%)
5-year price change: +$209,722 (+63.2%)
Typical home value: $541,628 (#13 most expensive city in metro)

#20. Phoenix, AZ

1-year price change: +$21,613 (+5.3%)
5-year price change: +$171,947 (+66.5%)
Typical home value: $430,469 (#23 most expensive city in metro)

#19. Glendale, AZ

1-year price change: +$22,194 (+5.6%)
5-year price change: +$169,428 (+68.1%)
Typical home value: $418,095 (#24 most expensive city in metro)

#18. Tonopah, AZ

1-year price change: +$22,684 (+6.1%)
5-year price change: +$168,528 (+75.5%)
Typical home value: $391,877 (#30 most expensive city in metro)

#17. Apache Junction, AZ

1-year price change: +$23,473 (+6.5%)
5-year price change: +$157,448 (+68.8%)
Typical home value: $386,337 (#31 most expensive city in metro)

#16. Chandler, AZ

1-year price change: +$24,335 (+4.8%)
5-year price change: +$201,597 (+60.8%)
Typical home value: $533,341 (#15 most expensive city in metro)

#15. Wickenburg, AZ

1-year price change: +$24,405 (+4.7%)
5-year price change: +$207,689 (+62.4%)
Typical home value: $540,316 (#14 most expensive city in metro)

#14. Tempe, AZ

1-year price change: +$25,612 (+5.5%)
5-year price change: +$185,945 (+61.6%)
Typical home value: $487,824 (#19 most expensive city in metro)

#13. Anthem, AZ

1-year price change: +$27,352 (+5.0%)
5-year price change: +$235,673 (+69.7%)
Typical home value: $574,000 (#11 most expensive city in metro)

#12. Tolleson, AZ

1-year price change: +$28,417 (+7.6%)
5-year price change: +$176,666 (+78.3%)
Typical home value: $402,277 (#28 most expensive city in metro)

#11. Waddell, AZ

1-year price change: +$29,602 (+5.7%)
5-year price change: +$220,834 (+66.7%)
Typical home value: $551,869 (#12 most expensive city in metro)

#10. Queen Creek, AZ

1-year price change: +$31,519 (+5.0%)
5-year price change: +$267,766 (+68.4%)
Typical home value: $659,351 (#8 most expensive city in metro)

#9. Gilbert, AZ

1-year price change: +$32,547 (+5.9%)
5-year price change: +$232,145 (+65.9%)
Typical home value: $584,268 (#10 most expensive city in metro)

#8. Rio Verde, AZ

1-year price change: +$32,576 (+4.1%)
5-year price change: +$321,352 (+62.4%)
Typical home value: $836,628 (#5 most expensive city in metro)

#7. Fountain Hills, AZ

1-year price change: +$34,189 (+5.5%)
5-year price change: +$246,724 (+59.9%)
Typical home value: $658,678 (#9 most expensive city in metro)

#6. Scottsdale, AZ

1-year price change: +$48,003 (+6.2%)
5-year price change: +$333,738 (+68.4%)
Typical home value: $821,372 (#6 most expensive city in metro)

#5. New River, AZ

1-year price change: +$56,231 (+8.1%)
5-year price change: +$305,437 (+69.1%)
Typical home value: $747,183 (#7 most expensive city in metro)

#4. Carefree, AZ

1-year price change: +$84,665 (+7.2%)
5-year price change: +$529,615 (+72.1%)
Typical home value: $1,264,682 (#2 most expensive city in metro)

#3. Fort McDowell, AZ

1-year price change: +$93,179 (+9.4%)
5-year price change: +$403,742 (+59.0%)
Typical home value: $1,087,826 (#3 most expensive city in metro)

#2. Cave Creek, AZ

1-year price change: +$95,824 (+10.2%)
5-year price change: +$448,825 (+77.1%)
Typical home value: $1,030,703 (#4 most expensive city in metro)

#1. Paradise Valley, AZ

1-year price change: +$306,983 (+9.7%)
5-year price change: +$1,569,608 (+82.2%)
Typical home value: $3,478,006 (#1 most expensive city in metro)

This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 380 metros.

Cities with the fastest-growing home prices in the Phoenix metro area (2024)

FAQs

What area of Phoenix is growing the fastest? ›

A southeast suburb of Phoenix, Queen Creek has enjoyed explosive growth since 2010, seeing its population nearly double to 105,567 (2022).

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What city has the fastest growing housing market? ›

Hottest Housing Markets in America

Rank	Metro	Median Sales Price Growth Feb 2024 YoY
1	Pittsburgh, PA	+22.0%
2	Fort Lauderdale, FL	+18.0%
3	Greensboro, NC	+17.8%
4	Meridian, ID	+17.3%

7 more rows

Mar 28, 2024

What are the up and coming towns in Arizona? ›

Arizona is home to four of the top 15 fastest-growing cities in the nation. Gilbert, Chandler, Glendale and Mesa, Arizona's top 4 fastest growing cities, rank impressively in a recent report by FinanceBuzz.

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Why are home prices rising in Phoenix? ›

From 2021 to 2022, Maricopa County — which contains much of greater Phoenix — added 57,000 people, registering the largest population growth in the nation. As the Federal Reserve lifted interest rates to lower inflation, mortgage rates increased sharply, raising the costs of buying homes.

What are the three fastest growing cities? ›

Cities Where the Population Grew Most Over 5 Years

Rank	City	Growth over 5 years
1	Buckeye, Arizona	54.3%
2	Enterprise, Nevada	37.8%
3	Goodyear, Arizona	32.0%
4	Meridian, Idaho	29.8%

16 more rows

Oct 31, 2023

What is Phoenix growing zone? ›

Phoenix is within the USDA Hardiness Zones of 9b and 10a. These Zones are decided based on the minimum average winter temperature of the area, helping you pick plants that can survive your coldest temperatures. 9b falls into a minimum average winter temp of about 25°F to 30°F, while Zone 10a is between 30°F to 35°F.

What city in Arizona are Californians moving to? ›

Paradise Valley, dubbed by some the "Beverly Hills of Arizona," has seen an influx of wealthy Californians. Movers come for the privacy, luxurious lifestyle, lower taxes, and quality of life. They're coming from across the state, including San Francisco, Los Angeles, and San Diego.

Keep Reading ›

Where people in Arizona are moving to most? ›

#1. California

27,412 people from Arizona moved to California in 2022, making up 13.39% of new residents that moved to another state.
Residents of Arizona were the #5 most common origin for people moving to California.

Mar 30, 2024

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Where are millionaires moving to in Arizona? ›

Wealthy residents from big cities across the US are uprooting their lives to start over in Scottsdale, Arizona. Scottsdale is one of the country's fastest-growing cities in terms of wealth. There are 243,000 residents — about 14,600 of them are millionaires, and five are billionaires, AZ Central reported in March.

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Is it a good time to buy a house in Phoenix right now? ›

Current trends show that demand is high in Phoenix- despite rising home prices. More people want to buy than sell, and for those who succeed, there is an excellent market for renting to tenants and selling on in the future.

Learn More Now ›

Will home prices drop in Arizona 2024? ›

Average Home Prices: The average median home price in Arizona is $433,200, up by 6.7% YoY. In 2024, experts predict the median sale price will increase due to the tight inventory. Currently, the sale-to-list price ratio is at 97.9%, with an increase of 0.7 pt YoY.

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Why is Phoenix getting so expensive? ›

The influx pushed housing prices steadily higher. At the same time, restrictions on development, public opposition to growth and severe disruptions to the supply chain for building materials limited the construction of new housing.

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Where is the Phoenix Rising moving to? ›

After the 2022 season, Rising FC signed a lease agreement with the City of Phoenix to rebuild the stadium (which is modular in design) to an area north of Phoenix Sky Harbor International Airport.

What is the fastest growing county in Arizona? ›

Largest Gaining

Maricopa County, Arizona, remained the largest-gaining county in the nation, adding 56,831 residents in 2022, a gain of 1.3% since 2021. Domestic migration was the component of population change (i.e., births, deaths and migration), which made the largest contribution to Maricopa County's growth.

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Which way is Phoenix growing? ›

2020 Certification Level: Silver

“Phoenix was born to grow,” says Phoenix Mayor Kate Gallego. “For decades, since the 1950s, we have stretched our boundaries and reimagined what a modern desert city can be. And today, we are growing vertically as well.

How long before Phoenix runs out of water? ›

The study found that around 4% of the area's demand for groundwater, close to 4.9 million acre-feet, cannot be met over the next 100 years under current conditions – a huge shortage that will have significant implications for housing developments in the coming years in the booming Phoenix metro area, which has led the ...

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