Cities with the fastest growing home prices in Phoenix metro area
Volodymyr Kyrylyuk // Shutterstock
Cities with the fastest growing home prices in Phoenix metro area
It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.
The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.
Stacker compiled a list of cities with the fastest-growing home prices in Phoenix-Mesa-Chandler, AZ metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. Data was available for 53 cities and towns in Phoenix.
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Stacker
#30. San Tan Valley, AZ
– 1-year price change: +$18,889 (+4.6%)
– 5-year price change: +$215,509 (+101.3%)
– Typical home value: $428,253 (#22 most expensive city in metro)
Stacker
#29. San Manuel, AZ
– 1-year price change: +$18,949 (+14.3%)
– 5-year price change: +$81,459 (+117.1%)
– Typical home value: $151,011 (#50 most expensive city in metro)
Stacker
#28. Arizona City, AZ
– 1-year price change: +$19,808 (+7.9%)
– 5-year price change: +$81,459 (data not available)
– Typical home value: $271,129 (#42 most expensive city in metro)
Stacker
#27. El Mirage, AZ
– 1-year price change: +$20,113 (+6.1%)
– 5-year price change: +$178,875 (+104.9%)
– Typical home value: $349,410 (#35 most expensive city in metro)
Stacker
#26. Tempe, AZ
– 1-year price change: +$20,396 (+4.7%)
– 5-year price change: +$198,281 (+76.9%)
– Typical home value: $456,283 (#20 most expensive city in metro)
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Stacker
#25. Waddell, AZ
– 1-year price change: +$20,908 (+4.1%)
– 5-year price change: +$240,000 (+81.4%)
– Typical home value: $534,721 (#13 most expensive city in metro)
Stacker
#24. Florence, AZ
– 1-year price change: +$21,826 (+6.2%)
– 5-year price change: +$183,796 (+96.5%)
– Typical home value: $374,260 (#31 most expensive city in metro)
Stacker
#23. Miami, AZ
– 1-year price change: +$22,854 (+21.1%)
– 5-year price change: +$73,874 (+129.3%)
– Typical home value: $130,986 (#53 most expensive city in metro)
Stacker
#22. Casa Grande, AZ
– 1-year price change: +$23,059 (+7.3%)
– 5-year price change: +$169,095 (+99.3%)
– Typical home value: $339,404 (#36 most expensive city in metro)
Stacker
#21. Gilbert, AZ
– 1-year price change: +$23,120 (+4.3%)
– 5-year price change: +$250,123 (+81.8%)
– Typical home value: $555,831 (#11 most expensive city in metro)
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Stacker
#20. Litchfield Park, AZ
– 1-year price change: +$23,447 (+4.6%)
– 5-year price change: +$239,710 (+80.7%)
– Typical home value: $536,696 (#12 most expensive city in metro)
Stacker
#19. Chandler, AZ
– 1-year price change: +$23,490 (+4.8%)
– 5-year price change: +$221,750 (+77.0%)
– Typical home value: $509,910 (#15 most expensive city in metro)
Stacker
#18. Anthem, AZ
– 1-year price change: +$23,553 (+4.4%)
– 5-year price change: +$249,997 (+81.3%)
– Typical home value: $557,560 (#10 most expensive city in metro)
Stacker
#17. Superior, AZ
– 1-year price change: +$24,441 (+14.8%)
– 5-year price change: +$90,363 (+90.6%)
– Typical home value: $190,131 (#47 most expensive city in metro)
Stacker
#16. Oracle, AZ
– 1-year price change: +$26,235 (+5.5%)
– 5-year price change: +$231,744 (+85.4%)
– Typical home value: $503,116 (#16 most expensive city in metro)
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Stacker
#15. Eloy, AZ
– 1-year price change: +$28,856 (+13.2%)
– 5-year price change: +$136,465 (+122.2%)
– Typical home value: $248,126 (#46 most expensive city in metro)
Stacker
#14. Mammoth, AZ
– 1-year price change: +$29,157 (+25.2%)
– 5-year price change: +$57,080 (+64.9%)
– Typical home value: $145,069 (#51 most expensive city in metro)
Stacker
#13. Fountain Hills, AZ
– 1-year price change: +$33,984 (+5.6%)
– 5-year price change: +$263,444 (+70.1%)
– Typical home value: $639,003 (#8 most expensive city in metro)
Stacker
#12. Queen Creek, AZ
– 1-year price change: +$34,063 (+5.7%)
– 5-year price change: +$308,326 (+95.0%)
– Typical home value: $633,045 (#9 most expensive city in metro)
Stacker
#11. Coolidge, AZ
– 1-year price change: +$34,297 (+13.5%)
– 5-year price change: +$167,805 (+139.2%)
– Typical home value: $288,358 (#40 most expensive city in metro)
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Stacker
#10. Valley Farms, AZ
– 1-year price change: +$35,334 (+15.7%)
– 5-year price change: +$167,805 (data not available)
– Typical home value: $261,066 (#44 most expensive city in metro)
Stacker
#9. Wickenburg, AZ
– 1-year price change: +$38,302 (+7.8%)
– 5-year price change: +$243,499 (+85.7%)
– Typical home value: $527,746 (#14 most expensive city in metro)
Stacker
#8. New River, AZ
– 1-year price change: +$39,422 (+5.7%)
– 5-year price change: +$326,727 (+80.9%)
– Typical home value: $730,807 (#7 most expensive city in metro)
Stacker
#7. Dudleyville, AZ
– 1-year price change: +$39,611 (+39.2%)
– 5-year price change: +$57,418 (+69.0%)
– Typical home value: $140,613 (#52 most expensive city in metro)
Stacker
#6. Rio Verde, AZ
– 1-year price change: +$42,614 (+5.5%)
– 5-year price change: +$331,288 (+68.6%)
– Typical home value: $814,461 (#5 most expensive city in metro)
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Stacker
#5. Scottsdale, AZ
– 1-year price change: +$53,763 (+7.2%)
– 5-year price change: +$352,151 (+78.9%)
– Typical home value: $798,621 (#6 most expensive city in metro)
Stacker
#4. Cave Creek, AZ
– 1-year price change: +$82,115 (+9.0%)
– 5-year price change: +$446,589 (+80.8%)
– Typical home value: $999,347 (#4 most expensive city in metro)
Stacker
#3. Fort McDowell, AZ
– 1-year price change: +$93,755 (+9.7%)
– 5-year price change: +$424,320 (+66.3%)
– Typical home value: $1,064,495 (#3 most expensive city in metro)
Stacker
#2. Carefree, AZ
– 1-year price change: +$101,462 (+8.5%)
– 5-year price change: +$565,516 (+77.1%)
– Typical home value: $1,298,825 (#2 most expensive city in metro)
Stacker
#1. Paradise Valley, AZ
– 1-year price change: +$131,667 (+4.7%)
– 5-year price change: +$1,206,439 (+68.8%)
– Typical home value: $2,958,895 (#1 most expensive city in metro)
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