Everything You Need To Know About Arizona Real Estate
If you’re looking to buy a home and find the perfect place to live, work, or raise a family, look no further than Arizona. With affordable prices, strong returns on real estate, and safe, vibrant cities to live in, Arizona boasts an opportunity like no other. Take advantage of all these benefits and more by researching homes for sale in Arizona, and find the perfect city for you.
Phoenix is a world-class city that has proven to be a popular attraction for all ages and demographics year after year. US census data shows that Phoenix added more new residents in 2019 than any other city in the country, and for good reason. This city has it all, from awe-inspiring natural beauty a short drive away to a bustling nightlife scene that will never leave you bored.
Phoenix is the most highly-populated capital in the country, with about 1.6 million residents, and is famous for its sunny and warm weather. Housing prices show robust increases on a steady basis and have grown over 200% since 2016. What this means for you is that getting into this real estate market is a wise investment that can help you grow value and equity in your life.
Chandler is a nearby suburb of Phoenix, which can offer some benefits in the form of less crowded lots and neighborhoods, and lower housing prices overall. If you’re looking for somewhere to raise a family with strong school districts and low crime rates, living in Chandler is an excellent choice that will allow you to quickly access the Phoenix metropolitan area for work or leisure activities.
Tempe is another nearby suburb of Phoenix, located roughly 10 miles away from the city. Offering many of the same benefits as Chandler when it comes to a more affordable lifestyle and housing costs than the inner-city part of Phoenix, Tempe also has other exciting opportunities, such as being the home of Arizona State University.
The famous desert climate of Arizona means that Tempe gets around 300 days of sunshine a year. If you love the outdoors, hiking, and desert scenery, you’ll be able to do that year-round when living in Tempe. This makes Tempe a popular choice for active people with an outdoor lifestyle, as well as retirees who can benefit from the warm weather and dry air.
Scottsdale is located about a 25-minute drive from downtown Phoenix and is famous for being an excellent choice to raise a family for those who work in the city. Moving out from the city center allows you to feel freer, have more space to yourself, and escape from the pressures of compact, highly-populated living like the higher crime rates. There are many great neighborhoods in Scottsdale to choose from, whether it’s gated ranch communities like Gainey Ranch, Downtown Scottsdale, or North Scottsdale.
Mesa is located about a 30-minute drive from downtown Phoenix and offers some world-class benefits to those who live there. Mesa has a thriving downtown scene and local culture, with art walks and other city events occurring regularly. You’ll never get tired of browsing the downtown area in Mesa and trying all the different restaurants available.
Mesa is an affordable place to live, with reasonable home prices and an average cost of living. You’ll see the same strong returns on your investment, with an almost 20% increase year-over-year in housing prices. Moving to Mesa is an excellent choice, with stunning natural beauty and a diverse and exciting social atmosphere.
Moving to Arizona: Frequently Asked Questions
Q: Is buying a house in Arizona a good investment?
A: Yes, housing prices are increasing steadily and at amazing rates. Arizona is a desirable place to live, with a housing market that shows no signs of slowing. Cities here are livable, walkable, and good to raise a family in, meaning that homeowners here build strong equity and returns on their investments.
Q: Is the cost of living in Arizona affordable for the average family?
A: Yes, the cost of living in Arizona is affordable and reasonable for the average American. Analysts say, “The cost of living in Arizona is low thanks to reasonable housing prices. The median home value is just $225,500, which makes getting on the property ladder much easier.” This means that the average family worried about rising food and energy prices can find a financial refuge in Arizona, where there is a buffer relative to some of the more expensive regions.
Q: What city in Arizona is best to live in?
A: This is a tough question to answer, but the suburbs outside of Phoenix like Tempe and Scottsdale offer a lot of benefits while having very few drawbacks. These cities offer you the greatest access to a variety of activities while providing ample living space for families. Overall, you can’t go wrong with Arizona.