Foreclosure Homes for Sale in Phoenix, AZ: Everything You Need to Know
Due to the heavy Pueblo Indian influence, you will find many Adobe style homes in Phoenix. These older homes were built in 1908 and throughout time up until today. During the 1925-1950s, more modern and art deco homes popped up. These types of households have glamour and elegance to the architecture. Spacious Ranch homes were built in the 1930s and continue to be made with more extravagant features.
The median sales price of one of these homes is $249,000 growing by 4% since last year. The median rent price for a home is $1,590. 63% of occupied households are owned, and 36% are renter occupied.
Know Your Neighborhoods
Estrella Village is the most affordable neighborhood for families; the average rent is about $879 a month. Biltmore, Desert View, and Downtown Phoenix are the most expensive neighborhoods where rent is about $1,758. If you love luxurious shopping and are all about your health, Downtown Scottsdale is the place to be while Deer Valley is an urban village that is affordable and very safe for families.
The most popular neighborhoods are North Mountain Village, Alhambra, and Paradise Valley. Rent goes for an average of $1,100, and its location is close to cafes and small shops. Arcadia is a vibrant community filled with food, culture, and plenty of picturesque views that invite you out for long and relaxing strolls.
Shopping in Phoenix
Biltmore Fashion Park offers upscale shopping with high-end name brands. If you’re a bargain-hunter, head out to the Tanger Outlets stores that have over 80 shops. For a family-friendly shopping experience, the Desert Ridge Marketplace is the place to go. It has outdoor fireplaces and water features, entertainment such as rock climbing and Dave & Busters, and a movie theatre.
In central Phoenix, you will find the Melrose Shopping District that has many vintage and antique shops. A great place to check out is the Tempe Marketplace which has 1.3 million square feet of retail space, and is an open-air shopping center. Its vibrant setting and interactive shopping experience provide for a fun and memorable time.
When doing groceries in Phoenix, you will notice that residents like to keep it local. There are plenty of Mexican markets, international food stores, and impressive farmers markets in the city. While you can find large retailers such as Walmart, Costco, and Target, the most popular grocery stores are AJ's Fine Foods, Bashas, Food City, and Fry's Food Stores.
Phoenix’s Local Population
There are 1.7 million residents in Phoenix, making it the 6th most populated city in the U.S. Maricopa County has a poverty rate of 19.41% and an unemployment rate of 5.1%. The average age is 33.5 years. The racial composition of the residents of Phoenix includes 72.33% White, 6.93% African Americans, 2.10% Native American, 3.71% Asians, and 5.11% other races.
The average earnings for males are $40,028, and for females is $33,114. About 73,052 veterans are living in Phoenix. 53.8% of residents own their homes. The average household size is 2.87, and the average family size is 3.59. The median household income is $76,711.