Most Affordable & Least Affordable Places To Live In The Valley
If you’re looking to a buy a home in the Valley or the Phoenix metro area, the Cromford Report has put together a list of the cheapest and most expensive areas to buy. They include the average price per square foot for 41 places in Arizona. Check out the chart below.
As you can see, Paradise Valley is the most expensive at $269.83 per square foot which is almost half a percentage higher than last year. Carefree, Arizona comes in at number two at $201.41 per square foot and Scottsdale number three at $174.93 per square foot. Fountain Hills, Rio Verde, Cave Creek, Desert Hills, Gold Canyon, Sun Lakes and then Tempe round out the top 10.
The cheapest place to buy a home are Coolidge, Arizona where property prices are coming in at $34.59 a square foot, that’s up almost 10 from last year. Second cheapest is Tonopah, then Arizona City, Youngtown, Tolleson, El Mirage, Casa Grande, Florence, Laveen and Avondale.
Take a look at the information below provided by the Cromford Report. A note from the Cromford Report on this chart though….
The primary function of this table is to show the least and most affordable areas in the Phoenix metropolitan area together with longer term pricing trends.
Annual averages are based on a relatively large number of sales. Therefore they are not as subject to rapid change as monthly averages. The downside is that they do not necessarily represent the current market very accurately, since they include sales from up to a year ago. Pricing may have moved a great deal since then.
Note that Higley has been included in Gilbert and Ahwatukee included in Phoenix. Desert Hills is still counted separately though it is increasingly being incorporated into Phoenix.