Homes for Sale in Phoenix, AZ: What You Need to Know
Appropriately named the Valley of the Sun, Phoenix, Arizona is a city that seems to exist in its own universe. Because Phoenix is such a spot of sun, retirees tend to favor the city. The beautiful nature that surrounds the city makes Phoenix a special city.
Phoenix Real Estate: Housing Availability
Single-family rentals have become the ideal property for investors in recent years. Single-family owned homes have grown in regularity 4% in the last year, and they have driven roughly 80% of all sales in of Arizona. The median home price is currently $235,414.
The average rent in Phoenix, Arizona is $1,141 per month for an 801-square foot apartment. Rent for one-bedroom apartments is $1,088 and rent for a two-bedroom is an average of $1,314. 36% of all housing units are renter-occupied, rather than owned.
A Hot and Dry Climate
Moving to Phoenix, Arizona means embracing the bright sun and hot, dry heat. The summers are scorchers and the winters are sunny and mild. At their peak, the temperatures can reach 105.8°F. At the absolute lowest, the temperature can bottom out at 39.2°F. Rainfall is scarce, with an annual average of 1.3”. July and August are the hottest months; December and January are the coolest.
Things to Do Around Phoenix
Phoenix is a stunning city in the nature-rich state of Arizona. Papago Park is comprised of hiking trails, nature trails, and red rocks. Located inside the Papago, is the Desert Botanical Garden, which is a stunning sight that anyone visiting or living in Phoenix must-see. This garden is a beautiful mesh of the natural Earth and manmade art—installations pepper the gardens. Also inside Papago is the Phoenix Zoo, home to more than 1,400 animals. Several endangered species reside here, along with a petting zoo for a more hands-on experience.
Phoenix’s Local Population
Phoenix is home to 1,703,078 residents. Though the median age is 38, Phoenix is a popular retiree destination. The majority of the city is white, making up a total of 72.33% of the population. The second-largest population is significantly smaller; 10.92% of the population is mixed race.
Phoenix is a sweet and sunny city, their neighborhoods are no different. Ahwatukee Foothills, Desert View, and Paradise Valley are three of the best neighborhoods in and around the city.
Home to 77,000, Ahwatukee Foothills is located in Maricopa County. Residents enjoy a dense suburban environment and excellent public schools. Many young professionals have flocked here. The median home value is $337,112 and just over half the population owns. The median rent is $1,498.
The densely populated suburb of Desert View is home to 44,000. Families make up the bulk of this population, likely because of the top-rated public schools. The median home value is $423,057 and the majority of residents own. The median rent is $1,925.
Paradise Valley is another densely populated suburb. 167,000 people, the majority of whom are young professionals, have settled here. The median home value is $316,355 and just over half the residents own. The median rent is $1,392.