Queen Creek in the Phoenix metro area leads Arizona’s housing expansion.

• Local housing stock grew to nearly 20,000 units in 2022, a 123% increase over the last decade.
• This housing boom is supported by a substantial population increase, the most rapid in Arizona. The area is now home to more than 64,000 people, a 128% jump from 2013.
• Queen Creek’s newfound popularity has also resulted in significant home price growth, with home values doubling over the same period.
• Meanwhile, incomes grew by 52%.
• The storage sector in Queen Creek grew by 54% during the same period, with most of the inventory built in the last decade (2010-2019).

Buckeye is marching towards its goal of becoming America’s next great city.

• The population increased by 81% over the last decade and is now home to more than 95,000 people.
• The housing inventory expanded by 72%, reaching over 30,000 completed units in 2022.
• Home prices have nearly tripled over the last decade.
• New housing demand is supported by the growing remote work trend. The number of people working from home has almost tripled, growing from 5% in 2013 to 14% in 2022.

Shifting our focus to Mohave County, New Kingman-Butler has also experienced substantial growth.

• The housing inventory grew by 67%, reaching 2,766 units in 2022.
• The last decade also marked the beginning of a multifamily housing boom, aiming to accommodate the influx of new residents. Apartment stock increased more than sixfold in New Kingman, from 55 units in 2013 to 356 in 2022.
• Despite a 49% increase in home prices, the area remains one of the most affordable in Arizona.
• Meanwhile, incomes grew by 64%.

Tucson suburbs are also entering the race for new housing.

• Valencia West and Marana have seen their housing stock increase by 48% over the last decade, with local populations also up by 41% and 47%, respectively. – more at azbigmedia.com