These are the 30 towns in Arizona with the most expensive homes

Cities with the most expensive homes in Arizona

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.

The typical home value in the United States was $360,385 in October, 2.4% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of November 14, the 30-year fixed mortgage rate sits at 6.78%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in Arizona using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of October 2024. The charts in this story were created automatically using Matplotlib.

Metros with the most cities in the top 30 in Arizona
#1. Phoenix-Mesa-Chandler, AZ: 16
#2. Flagstaff, AZ: 4
#3. Prescott Valley-Prescott, AZ: 3
#3. Tucson, AZ: 3
#5. Nogales, AZ: 2
#6. Payson, AZ: 1
#6. Show Low, AZ: 1

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#30. Oro Valley

– Typical home value: $508,151
– 1-year price change: +1.8%
– 5-year price change: +53.0%
– Metro area: Tucson, AZ

#29. Oracle

– Typical home value: $515,106
– 1-year price change: +1.1%
– 5-year price change: +57.1%
– Metro area: Phoenix-Mesa-Chandler, AZ

#28. Tubac

– Typical home value: $517,047
– 1-year price change: +2.7%
– 5-year price change: +60.9%
– Metro area: Nogales, AZ

#27. Cornville

– Typical home value: $520,738
– 1-year price change: +3.2%
– 5-year price change: +53.1%
– Metro area: Prescott Valley-Prescott, AZ

#26. Chandler

– Typical home value: $525,659
– 1-year price change: +1.6%
– 5-year price change: +56.7%
– Metro area: Phoenix-Mesa-Chandler, AZ

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#25. Forest Lakes

– Typical home value: $526,739
– 1-year price change: +2.0%
– 5-year price change: +78.3%
– Metro area: Flagstaff, AZ

#24. Elgin

– Typical home value: $531,941
– 1-year price change: +4.4%
– 5-year price change: +53.6%
– Metro area: Nogales, AZ

#23. Wickenburg

– Typical home value: $533,224
– 1-year price change: +0.3%
– 5-year price change: +53.7%
– Metro area: Phoenix-Mesa-Chandler, AZ

#22. Litchfield Park

– Typical home value: $533,843
– 1-year price change: +0.5%
– 5-year price change: +58.9%
– Metro area: Phoenix-Mesa-Chandler, AZ

#21. Pinetop

– Typical home value: $536,933
– 1-year price change: +2.9%
– 5-year price change: +80.9%
– Metro area: Show Low, AZ

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#20. Star Valley

– Typical home value: $538,597
– 1-year price change: +1.2%
– 5-year price change: +55.2%
– Metro area: Payson, AZ

#19. Waddell

– Typical home value: $549,003
– 1-year price change: +1.5%
– 5-year price change: +62.4%
– Metro area: Phoenix-Mesa-Chandler, AZ

#18. Sonoita

– Typical home value: $566,209
– 1-year price change: +4.4%
– 5-year price change: +55.2%
– Metro area: Tucson, AZ

#17. Anthem

– Typical home value: $574,794
– 1-year price change: +2.5%
– 5-year price change: +67.5%
– Metro area: Phoenix-Mesa-Chandler, AZ

#16. Gilbert

– Typical home value: $577,650
– 1-year price change: +2.5%
– 5-year price change: +62.3%
– Metro area: Phoenix-Mesa-Chandler, AZ

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#15. Munds Park

– Typical home value: $590,501
– 1-year price change: -0.3%
– 5-year price change: +78.6%
– Metro area: Flagstaff, AZ

#14. Prescott

– Typical home value: $601,071
– 1-year price change: +1.1%
– 5-year price change: +51.9%
– Metro area: Prescott Valley-Prescott, AZ

#13. Tortolita

– Typical home value: $623,803
– 1-year price change: +2.2%
– 5-year price change: +54.0%
– Metro area: Tucson, AZ

#12. Queen Creek

– Typical home value: $637,560
– 1-year price change: +1.9%
– 5-year price change: +65.4%
– Metro area: Phoenix-Mesa-Chandler, AZ

#11. Parks

– Typical home value: $645,458
– 1-year price change: +2.7%
– 5-year price change: +64.2%
– Metro area: Flagstaff, AZ

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#10. Flagstaff

– Typical home value: $655,351
– 1-year price change: +3.6%
– 5-year price change: +66.6%
– Metro area: Flagstaff, AZ

#9. Fountain Hills

– Typical home value: $660,210
– 1-year price change: +2.0%
– 5-year price change: +56.4%
– Metro area: Phoenix-Mesa-Chandler, AZ

#8. New River

– Typical home value: $748,140
– 1-year price change: +3.6%
– 5-year price change: +65.0%
– Metro area: Phoenix-Mesa-Chandler, AZ

#7. Rio Verde

– Typical home value: $827,413
– 1-year price change: +0.1%
– 5-year price change: +57.7%
– Metro area: Phoenix-Mesa-Chandler, AZ

#6. Scottsdale

– Typical home value: $830,954
– 1-year price change: +1.8%
– 5-year price change: +65.5%
– Metro area: Phoenix-Mesa-Chandler, AZ

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#5. Sedona

– Typical home value: $944,109
– 1-year price change: +3.8%
– 5-year price change: +72.5%
– Metro area: Prescott Valley-Prescott, AZ

#4. Cave Creek

– Typical home value: $1,059,775
– 1-year price change: +5.0%
– 5-year price change: +74.4%
– Metro area: Phoenix-Mesa-Chandler, AZ

#3. Fort McDowell

– Typical home value: $1,072,950
– 1-year price change: +3.3%
– 5-year price change: +54.2%
– Metro area: Phoenix-Mesa-Chandler, AZ

#2. Carefree

– Typical home value: $1,253,320
– 1-year price change: +3.3%
– 5-year price change: +70.7%
– Metro area: Phoenix-Mesa-Chandler, AZ

#1. Paradise Valley

– Typical home value: $3,271,240
– 1-year price change: +10.0%
– 5-year price change: +93.6%
– Metro area: Phoenix-Mesa-Chandler, AZ

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By Stacker