Phoenix is a great place to buy a home for many reasons. Some of the reasons are that the city has a beautiful landscape, amazing weather, bountiful job opportunities, and affordable housing. However, the wisdom of securing property in the city is affected by the location where you choose. If you are unfamiliar with Phoenix, Arizona, picking the best neighborhood could be challenging. That is why we have compiled this list of the top 10 neighborhoods to buy a home.
Top 10 Neighborhoods in Phoenix
Situated in Maricopa County, Chandler is a moderately populated suburb with a population estimate of 247,000. The median home price is $358,000, which is a great deal considering how hot it has become. Median household income is well above the national average.
Florence is among the oldest European settlements in Arizona and makes our top 10 neighborhoods list. It is a tranquil community that is soaked in history. Its status as Pinal County’s county seat offers residents an array of convenient services. The median home value is affordable at just $114,000.
A major perk of Glendale is its location. It is in the Northwest of Phoenix’s downtown area. Despite this, its median home price is an affordable $255,000. It is also home to high-class restaurants, quaint antique shops, and professional sports teams.
4. Colonial Coronita
Located in Maricopa County with a median home price of $203,049, Colonial Coronita is a great area for prospective home buyers. There is a myriad of abundant housing options, and amenities are easily accessible.
With a population of 79,000 currently, Goodyear has been seeing steady growth for years. The neighborhood makes our top 10 list because it combines serenity with modern comfort. You can buy a home for $291,000, which can make you $1,000 in rent.
Gilbert was once known as the World’s Hay Shipping Capital. Between the 80s and now, the area with only 5,700 residents has blossomed to one with over 200,000. Its economic diversity has grown immensely, and it offers amazing opportunities to residents. The median home cost is $249,900.
Investors in rental property would love it here since the median rent is $2,300/mo. Its average home value is $429,000. It is a hub for numerous research centers and businesses. It has a great nightlife that is often regarded as the desert alternative to Miami South Beach. Luxurious hotels and condos abound.
8. The Biltmore District
This is a high-end residential community with a booming financial district. It is a metropolitan area filled with businesses owned by affluent tycoons. The average home goes for $962,000, which is on the pricey side. However, it is affordable for those employed by the area’s opportunities.
At $750,000 for the average home, Arcadia is another pricey location to buy a home in Phoenix. However, it is deserving of a top 10 neighborhood spot. Its characteristic feature is that it is home to well-preserved houses with large lots. Arcadia used to be a citrus plantation, so its lush landscape forms a sharp contrast to the semi-desert landscape of other areas on this list.
10. Desert Ridge
Average home price is $424,000 which is great for this upscale, planned community. The neighborhood has numerous entertainment options and spaces that are pedestrian-friendly. It features a mixed-used development plan with commercial and residential properties. White-collar workers and business executives love Desert Ridge.