Top 5 Best Residential Real Estate Investment Markets In Arizona | Living In Phoenix Arizona
TOP 5 BEST RESIDENTIAL REAL ESTATE INVESTMENT MARKETS IN ARIZONA
LIVING IN PHOENIX, ARIZONA
Top 5 Residential Real Estate Investment Markets In Arizona
Maricopa is home to the best residential real estate investment market in Arizona.
The 85139 zip code in Maricopa presents the greatest opportunity for investors among the 880 individual real estate markets in Arizona we evaluated. We looked at property values, population trends, and six other metrics for each market. We used that data to calculate each market’s InvestScore.
Top 5 Arizona residential real estate markets
| Rank | City | InvestScore | Affordability | Property value appreciation |
|---|---|---|---|---|
| 1 | Maricopa | 100 | 4.4 | 68.81% |
| 2 | Rio Rico | 100 | 4.1 | 70.20% |
| 3 | Tucson | 99.2 | 4.4 | 68.44% |
| 4 | Buckeye | 98.7 | 4.6 | 69.90% |
| 5 | Tolleson | 97.7 | 4.9 | 74.51% |
1. Maricopa
We’ve identified the 85139 zip code in Maricopa as Arizona’s best real estate investment market. Here’s why.
Key data about Maricopa
| Data point | Value | Rank in state (of 880 markets) |
|---|---|---|
| Zip code | 85139 | N/A |
| InvestScore | 100 | Highest |
| Typical property value | $355,896 | 59th lowest |
| Five-year appreciation | 68.81% | 52nd highest |
| Household income | $81,605 | 77th highest |
| Affordability ratio | 4.4 | 19th most affordable |
| Five-year population growth | 5.3% | 94th highest |
| Unemployment rate | 3.4% | 37th lowest |
| Property taxes | $1,680 | 104th lowest |
| Educational attainment | 20.3% | 153rd highest |
Maricopa (zip code 85139) is the best residential real estate investment market in Arizona. It has the 52nd highest property value appreciation among markets we evaluated, with a 68.81% appreciation of the typical property over the last five years.
Maricopa is the 19th most affordable market among the 880 Arizona markets we evaluated, with an affordability ratio of 4.4.
2. Rio Rico
The 85648 zip code in Rio Rico is Arizona’s second-best residential real estate investment market.
Key data about Rio Rico
| Data point | Value | Rank in state (of 880 markets) |
|---|---|---|
| Zip code | 85648 | N/A |
| InvestScore | 100 | 2nd highest |
| Typical property value | $258,710 | 17th lowest |
| Five-year appreciation | 70.20% | 40th highest |
| Household income | $62,461 | 147th highest |
| Affordability ratio | 4.1 | 12th most affordable |
| Five-year population growth | 13.3% | 41st highest |
| Unemployment rate | 7.7% | 189th lowest |
| Property taxes | $1,303 | 63rd lowest |
| Educational attainment | 23.9% | 134th highest |
The 85648 zip code in Rio Rico features a typical property value of $258,710, the 17th lowest in the state.
Property values have appreciated 70.20% over the past five years, the 40th highest increase among evaluated markets in the state. Rio Rico homes have an affordability ratio of 4.1, the 12th most affordable in the state.
3. Tucson
The 85746 zip code in Tucson comes in at No. 3 in our ranking of residential real estate investment markets in Arizona.
Key data about Tucson
| Data point | Value | Rank in state (of 880 markets) |
|---|---|---|
| Zip code | 85746 | N/A |
| InvestScore | 99.2 | 3rd highest |
| Typical property value | $286,865 | 25th lowest |
| Five-year appreciation | 68.44% | 56th highest |
| Household income | $65,611 | 129th highest |
| Affordability ratio | 4.4 | 20th most affordable |
| Five-year population growth | 6.3% | 89th highest |
| Unemployment rate | 4% | 67th lowest |
| Property taxes | $1,457 | 83rd lowest |
| Educational attainment | 15.4% | 182nd highest |
With a typical property value of $286,865, Tucson’s 85746 zip code features the 25th lowest property values in the state.
Tucson homes have an affordability ratio of 4.4, the 20th most affordable among the markets we evaluated.
4. Buckeye
The 85326 zip code in Buckeye ranks No. 4 among Arizona‘s residential real estate investment markets.
Key data about Buckeye
| Data point | Value | Rank in state (of 880 markets) |
|---|---|---|
| Zip code | 85326 | N/A |
| InvestScore | 98.7 | 4th highest |
| Typical property value | $378,059 | 79th lowest |
| Five-year appreciation | 69.90% | 44th highest |
| Household income | $82,456 | 44th highest |
| Affordability ratio | 4.6 | 28th most affordable |
| Five-year population growth | 26.3% | 15th highest |
| Unemployment rate | 4.9% | 101st lowest |
| Property taxes | $1,582 | 93rd lowest |
| Educational attainment | 16.5% | 179th highest |
Property values in Buckeye’s 85326 zip code have seen the 44th highest increase among evaluated markets in the state, with an appreciation of 69.90% over the past five years.
Buckeye’s affordability ratio of 4.6 makes it the 28th most affordable among the 880 markets we evaluated.
5. Tolleson
The 85353 zip code in Tolleson rounds out our top five residential real estate investment markets in Arizona.
Key data about Tolleson
| Data point | Value | Rank in state (of 880 markets) |
|---|---|---|
| Zip code | 85353 | N/A |
| InvestScore | 97.7 | 5th highest |
| Typical property value | $400,330 | 100th lowest |
| Five-year appreciation | 74.51% | 27th highest |
| Household income | $82,271 | 27th highest |
| Affordability ratio | 4.9 | 49th most affordable |
| Five-year population growth | 11.7% | 46th highest |
| Unemployment rate | 3.4% | 37th lowest |
| Property taxes | $1,573 | 89th lowest |
| Educational attainment | 11.9% | 202nd highest |
Property values in Tolleson’s 85353 zip code rose 74.51% over the last five years, ranking the city 27th highest among evaluated markets in Arizona.
Tolleson homes have an affordability ratio of 4.9, the 49th most affordable among the markets we evaluated.
How we rank residential real estate markets in Arizona
We evaluated 880 markets on eight metrics, and then assigned an InvestScore based on their weighted and combined rankings. Each market corresponds to a specific zip code in Arizona. – more at azbigmedia.com
