The Top 10 Most Affordable Places To Live In Arizona | Living In Phoenix Arizona
THE TOP 10 MOST AFFORDABLE PLACES TO LIVE IN ARIZONA
LIVING IN PHOENIX, ARIZONA
The 10 Most Affordable Places To Live In Arizona
The 85635 zip code in Sierra Vista tops our ranking of the most affordable places to live in Arizona.
- To determine the most affordable places to live in Arizona, we looked at 191 zip codes in the state, evaluating home values, rental costs, energy rates, property taxes, and five other affordability indicators. We used the data we gathered to calculate our proprietary Affordability Score for each zip code.
Top 10 most affordable places to live in Arizona
Rank City Affordability Score Median home value Rental costs 1 Sierra Vista 100 $262,579 $1,298 2 Douglas 99.5 $165,619 $1,873 3 Globe 96.6 $225,580 $1,873 4 Sahuarita 92.1 $350,620 $2,005 5 Safford 89.7 $252,053 $1,873 6 Winslow 89.0 $191,517 $1,873 7 Tucson 87.3 $374,859 $2,008 8 Yuma 86.3 $257,870 $1,222 9 Vail 85.2 $417,855 $2,058 10 Rio Rico 84.6 $260,674 $1,873 1. Sierra Vista
Here’s why the 85635 zip code in Sierra Vista is ranked No. 1 among the most affordable places to live in Arizona.
Key data about Sierra Vista
Data point Value Rank (out of 191 markets) Difference from median or average Affordability Score 100 No. 1 N/A Median home value $262,579 No. 14 -$198,537.93 Home affordability ratio 4.2 No. 12 -1.7 Home value five-year change 52.1% No. 12 -12.9% Home value one-year forecast -0.2% No. 2 -1.2% Rental costs $1,298 No. 8 -$575 Rent affordability ratio 2.09% No. 45 -0.3% Median household income $62,167 No. 134 -$16,286 Property taxes $1,302 No. 48 -$561 Energy costs $0.14 kWh No. 94 $0.00 Sierra Vista’s 85635 zip code is the cheapest place to live in Arizona, leading the 191 markets we evaluated.
The median home value is $262,579, making it the 14th-cheapest housing market in the state. Forecasts project a -0.2% change in home values in the next year. Rent in the zip code averages $1,298 per month, which is the 45th cheapest amount in Arizona.
The median property tax for homeowners in Sierra Vista is $1,302 per household, the No. 48 ranked market in Arizona.
Residents pay $0.14 per kWh of electricity, which ranks No. 94 among Arizona markets.
2. Douglas
The 85607 zip code is the 2nd-cheapest place to live in Arizona.
Key data about Douglas
Data point Value Rank (out of 191 markets) Difference from median or average Affordability Score 99.5 No. 2 N/A Median home value $165,619 No. 1 -$295,498.15 Home affordability ratio 4.0 No. 5 -1.9 Home value five-year change 32.9% No. 1 -32.1% Home value one-year forecast -0.2% No. 2 -1.2% Rental costs $1,873 No. 85 $0 Rent affordability ratio 2.39% No. 82 0.0% Median household income $41,369 No. 188 -$37,084 Property taxes $925[13] No. 11 -$938 Energy costs $0.14 kWh No. 94 $0.00 Douglas’s 85607 zip code has a median home value of $165,619, which is the 2nd-cheapest housing market in Arizona. You can rent for an average of $1,873 per month. That’s the 85th-cheapest price in the state.
The average household income in the zip code is $41,369, which ranks 188th-highest in the state.
Homeowners in Douglas pay a median property tax of $925 per year, making it the 11th-most affordable market in Arizona.
Douglas ranks No. 94 among Arizona energy markets. You’ll pay $0.14 per kWh of electricity.
3. Globe
The 3rd-cheapest place to live in Arizona is Globe’s 85501 zip code.
Key data about Globe
Data point Value Rank (out of 191 markets) Difference from median or average Affordability Score 96.6 No. 3 N/A Median home value $225,580 No. 4 -$235,537.04 Home affordability ratio 3.5 No. 2 -2.4 Home value five-year change 54.8% No. 22 -10.2% Home value one-year forecast 1.0% No. 46 0.0% Rental costs $1,873 No. 85 $0 Rent affordability ratio 2.39% No. 82 0.0% Median household income $64,447 No. 124 -$14,006 Property taxes $1,013 No. 17 -$850 Energy costs $0.14 kWh No. 94 $0.00 The No. 4 cheapest housing in Arizona is Globe’s 85501 zip code, with a median home value of $225,580. Rents in the market average $1,873 per month, making it the 85th-most affordable rental market in the state.
The median property tax for households in Globe is $1,013, which makes it the 17th-cheapest place in Arizona. Globe ranks No. 94 among Arizona markets by energy costs. Residents pay $0.14 per kWh of electricity.
4. Sahuarita
The 85629 zip code in Sahuarita comes in at No. 4 on our list of the cheapest places to live in Arizona.
Key data about Sahuarita
Data point Value Rank (out of 191 markets) Difference from median or average Affordability Score 92.1 No. 4 N/A Median home value $350,620 No. 45 -$110,496.97 Home affordability ratio 3.4 No. 1 -2.5 Home value five-year change 56.6% No. 32 -8.4% Home value one-year forecast 0.6% No. 13 -0.4% Rental costs $2,005 No. 130 $132 Rent affordability ratio 1.95% No. 27 -0.4% Median household income $102,872 No. 36 $24,419 Property taxes $2,334 No. 140 $471 Energy costs $0.14 kWh No. 14 $0.00 The No. 45 cheapest housing market in Arizona is Sahuarita’s 85629 zip code, where the median home value is $350,620. Renters here pay an average of $2,005 per month.
When it comes to energy costs, Sahuarita ranks 14th among Arizona markets. Residents pay $0.14 per kWh of electricity.
The median property tax for households in the zip code is $2,334, which makes it the 140th-cheapest market in Arizona.
5. Safford
The 85546 zip code in Safford ranks No. 5 among Arizona’s most affordable places to live.
Key data about Safford
Data point Value Rank (out of 191 markets) Difference from median or average Affordability Score 89.7 No. 5 N/A Median home value $252,053 No. 9 -$209,063.43 Home affordability ratio 4.1 No. 6 -1.8 Home value five-year change 51.2% No. 8 -13.9% Home value one-year forecast -0.3% No. 1 -1.3% Rental costs $1,873 No. 85 $0 Rent affordability ratio 2.39% No. 82 0.0% Median household income $61,627 No. 139 -$16,826 Property taxes $970 No. 14 -$893 Energy costs $0.14 kWh No. 42 $0.00 Safford’s 85546 zip code has a median home value of $252,053, the 9th-cheapest market in the state. Forecasts project a -0.3% change in home values in the next year.
The median property tax per household in Safford is $970. It’s the 14th-cheapest market by tax rate in Arizona.
6. Winslow
The No. 6 most affordable place to live in Arizona is the 86047 zip code.
Key data about Winslow
Data point Value Rank (out of 191 markets) Difference from median or average Affordability Score 89.0 No. 6 N/A Median home value $191,517 No. 2 -$269,599.78 Home affordability ratio 4.2 No. 10 -1.7 Home value five-year change 59.4% No. 48 -5.6% Home value one-year forecast 1.1% No. 58 0.1% Rental costs $1,873 No. 85 $0 Rent affordability ratio 2.39% No. 82 0.0% Median household income $45,842 No. 182 -$32,611 Property taxes $674 No. 1 -$1,189 Energy costs $0.14 kWh No. 94 $0.00 The back half of our top 10 kicks off with Winslow’s 86047 zip code, which has the 2nd-cheapest home values in Arizona. The median home value is $191,517. Rents average $1,873 per month, making it the 85th-most affordable rental market in the state.
Residents pay $0.14 per kWh of electricity. It’s the 94th-cheapest energy market.
7. Tucson
Tucson’s 85747 zip code is the 7th-cheapest place to live in Arizona.
Key data about Tucson
Data point Value Rank (out of 191 markets) Difference from median or average Affordability Score 87.3 No. 7 N/A Median home value $374,859 No. 60 -$86,257.78 Home affordability ratio 3.6 No. 3 -2.3 Home value five-year change 58.8% No. 45 -6.2% Home value one-year forecast 0.6% No. 13 -0.4% Rental costs $2,008 No. 131 $134 Rent affordability ratio 1.91% No. 23 -0.5% Median household income $104,855 No. 35 $26,402 Property taxes $2,640 No. 158 $777 Energy costs $0.14 kWh No. 14 $0.00 You’ll find the 60th-cheapest home values in Arizona in Tucson’s 85747 zip code. The median value: $374,859. Renters in Tucson pay an average of $2,008 per month.
Homeowners in Tucson pay a median property tax of $2,640 per year, which is Arizona’s 158th-most affordable market.
The average household income is $104,855, which ranks 35th-highest in the state.
8. Yuma
The 8th-cheapest place to live in Arizona is Yuma’s 85364 zip code.
Key data about Yuma
Data point Value Rank (out of 191 markets) Difference from median or average Affordability Score 86.3 No. 8 N/A Median home value $257,870 No. 10 -$203,247.17 Home affordability ratio 4.8 No. 31 -1.1 Home value five-year change 71.7% No. 162 6.6% Home value one-year forecast 1.4% No. 186 0.4% Rental costs $1,222 No. 5 -$651 Rent affordability ratio 2.27% No. 64 -0.1% Median household income $53,877 No. 164 -$24,576 Property taxes $1,294 No. 45 -$569 Energy costs $0.14 kWh No. 94 $0.00 The 10th-cheapest housing market in Arizona is Yuma’s 85364 zip code, with a median home value of $257,870. Renters pay an average of $1,222 per month, the No. 5 rental market in the state.
The median property tax for households in Yuma is $1,294, which makes it the 45th-cheapest place in Arizona. The average household income of $53,877 ranks 164th.
9. Vail
Vail’s 85641 zip code sneaks into the top ten of Arizona’s most affordable places to live.
Key data about Vail
Data point Value Rank (out of 191 markets) Difference from median or average Affordability Score 85.2 No. 9 N/A Median home value $417,855 No. 91 -$43,261.42 Home affordability ratio 3.7 No. 4 -2.2 Home value five-year change 50.3% No. 5 -14.7% Home value one-year forecast 0.6% No. 13 -0.4% Rental costs $2,058 No. 138 $185 Rent affordability ratio 1.80% No. 9 -0.6% Median household income $114,201 No. 20 $35,748 Property taxes $2,865 No. 168 $1,002 Energy costs $0.14 kWh No. 14 $0.00 The 91st-cheapest housing market in Arizona is Vail’s 85641 zip code, where the median home value is $417,855. Renters pay an average of $2,058 per month. It’s the state’s 138th-cheapest rental market.
The median property tax for households within the zip code is $2,865, which makes it the 168th-cheapest property tax rate in Arizona.
10. Rio Rico
The final spot on our list of the most affordable places to live in Arizona goes to the 85648 zip code in Rio Rico.
Key data about Rio Rico
Data point Value Rank (out of 191 markets) Difference from median or average Affordability Score 84.6 No. 10 N/A Median home value $260,674 No. 12 -$200,443.27 Home affordability ratio 4.2 No. 9 -1.7 Home value five-year change 69.3% No. 153 4.3% Home value one-year forecast 1.3% No. 177 0.3% Rental costs $1,873 No. 85 $0 Rent affordability ratio 2.39% No. 82 0.0% Median household income $62,461 No. 133 -$15,992 Property taxes $1,303 No. 49 -$560 Energy costs $0.12 kWh No. 1 -$0.02 The 12th-most affordable market in Arizona is Rio Rico’s 85648 zip code. The median home value is $260,674. Rent in the market costs $1,873 per month on average, making it the 85th-most affordable rental market in Arizona.
The median property tax for households in Rio Rico is $1,303, which is the 49th-cheapest property tax rate in the state.
Rio Rico ranks No. 1 among Arizona markets by energy costs, with households paying $0.12 per kWh of electricity.
How we ranked the most affordable places in Arizona
We evaluated 191 zip codes in Arizona with a population over 10,000 on nine metrics. We then assigned each market an Affordability Score based on its weighted and combined rankings. – more at azbigmedia.com
