Phoenix/ Real Estate & Development
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Published on September 07, 2024
Five Arizona Suburbs Rank Among Nation's 50 Most Affordable as Population SoarsSource: Gage Skidmore, CC BY 2.0, via Wikimedia Commons

As urban centers become denser and costlier, the suburban allure remains undiminished, particularly in Arizona where affordability is not yet a relic of the past. A recent analysis by GoBankingRates, as published by Phoenix New Times and AZ Big Media, reveals that five Arizona suburbs – Buckeye, Maricopa, Goodyear, Sahuarita, and Marana – rank among the nation
's 50 most affordable suburbs while boasting rapid population growth. With their average home values sitting comfortably below the $500,000 mark as of July 2024, these towns are attracting a notable influx of residents.

One might picture suburbs as sleepy dormitory communities, but places like Buckeye - ranked No. 3 nationally - demonstrate substantive growth, with a nearly 28% population increase since 2020. Yet the Phoenix New Times underlines an impending challenge: water scarcity that could impact further development. Similarly, Marana and Sahuarita, both located in Pima County, exemplify this trend. They stand at the No. 33 and No. 32 spots respectively, with significant populace increases and home values that have stayed in the range of affordability.

Goodyear and Maricopa are no exception to this pattern. Goodyear, at No. 10, offers proximity to Phoenix and the promise of substantial community amenities. Maricopa, positioned at No. 7 and not to be confused with the surrounding Maricopa County, has seen an 18.4% population increase since 2020, a testament to its appeal. As detailed by the AZ Big Media, these cities have managed to couple their growth with livability and relatively low housing costs.

The recent findings underscore a fundamental real estate truth: location and affordability drive growth. As Arizona continues to offer both, its suburban regions appear poised for continued expansion.

Phoenix-Real Estate & Development