Posts

Arizona Cities Seeing The Greatest Real Estate Growth In 2017

With the addition of approximately 217,000 new residents, the state of Arizona is one of the country’s fastest-growing states. The new growth has resulted from an enormous economic turnaround, specifically the opening of the Apple plant in the Phoenix suburb of Mesa. There are an estimated 10,000 places available for new residents and homeowners, making the silicon Desert the place to be.

Are homes available? What you want to look for when analyzing areas for relocation and availability of homes, check ownership rates. A high ownership rate leads to a higher overall score, whereas a lower one shows high competition and more options for renters over buyers.

Can you afford to live there? To determine whether a place is affordable you want to use monthly homeowner costs and median home values. The higher score in our report goes to high median homes with low costs of living.

Is the area growing? To answer this, population growth will tell you if an area is attracting new residents. A thriving local economy will usually bring in more home buyers.

Using the above measures, the best places to live in Arizona are provided below. Each of these towns is ideal if you are looking for a place to buy a home. Evaluate what you are looking for regarding incomes, median house values and area growth you can determine which town is a better suit your needs.

1. Maricopa

With a population jump of 19.6%, this area located in the Gila River Valley is a top spot for relocation. More than 805 of homes are owned versus rented, and the median cost for a house is $132,000. Hosting the famous Harrah’s Ak-Chin hotel and casino, the town features a huge historical collection of the Ak-Chin people. The casino is the most significant employer in the area. The community additionally offers the Ak-Chin-Him-Dak Eco Museum which showcases stone tools, arts and crafts, and jewelry.

2. San Tan Valley

This suburb in the Greater Phoenix Area had the highest population spike has not yet been incorporated as its town but did get its postal code in 2009. With a median home value of $126,300 and an ownership rate of 74%, this area is quickly becoming a favorite place. There is potential for growth here, and the low cost of living makes it ideal for first-time homeowners.

3. New River

The residents here earn a monthly income close to $7,185 with 28% of that going towards homeownership costs. Situated to the north of Phoenix, the average home value is $312,200, and it has the highest ownership rates (90.7%). Overall the town has seen 11.23% of population growth. The attraction to this area comes mostly from the low numbers of rentals, showing this is a preferred place for those looking to settle and purchase a home.

4. Sahuarita

A more technologically advanced area located south of Tucson; Sahuarita has median incomes around $5,700 and a relatively low cost of living. The majority of homes in the area are owned rather than rented. Most employment stems from the enormous organizations located there such as Raytheon which is an international defense and aerospace company and the University of Arizona Science and Technology Park.

5. Queen Creek

Thanks to local festivals such as the Roots n’ Boots Rodeo and the American Heritage Festival, this area saw a boost in population numbers of 12.1%. One of the highest household incomes of the places on the list, averages for the area is close to $7,343 a month. Most homes are owned, and cost of living is higher than other places on this list but is still relatively low. Residents can enjoy an amazing Parks and Recreation department, with programs and activities for all ages and come soon will be a new 14 screen movie theater.

6. Buckeye

Buckeye is located in the Maricopa Valley and supports the slightly higher number of renters than the previous location; however, it is still primarily homeowners. This suburb of Phoenix has not had as large of population increases either but has a very decent median household income and low cost of living. The town is famous for its old time’s western theme and annual Buckeye Days festival and the Helzapoppin’ Rodeo.

7. Marana

A relatively young city, when compared to most of Arizona towns, the population soared by 2012 to reach a little over 34,000, which is a big jump from its previous 1977 count of 1,500. Although the city is not very big, it has its airport and a decent monthly income close to $6,000. There is room for growth here, and the cost of living is low, which makes a potentially ideal spot to settle and buy a home.

8. Anthem

A relatively small town of 23,000 residents, this community is still a very busy one and offers a lot to its members. The cost of living here is slightly higher than others on the list, but monthly median incomes are also a little higher. You can enjoy the veterans’ memorial, Liberty Bell Park, and the Splash Pad as well as the beautiful 64-acre community park hosted by the Community Council Parks and Facilities.

9. Green Valley

30 miles south of Tucson, there has not been a lot of growth here in regards to population, and the median monthly income is significantly lower than the other places listed. Most of the residents are employed in the local copper mines or the Smithsonian Institution’s Whipple Observatory (located in the nearby town of Amado). The lower growth rates, incomes and home values ($182,000 on average) are most likely due to this largely being a retirement community.

10. Goodyear

The original land for this town was bought by Paul Lichfield (Goodyear Tire and Rubber Company). Affordable to live there with decent incomes and steady growth rates, the town has an excellent economic standing for potential homeowners. Jobs are provided mostly by Macy’s and Amazon fulfillment centers as well as the popular food production companies of Snyder’s of Hanover, Del Monte, and Poore Brothers. This town is great for baseball fans, as it hosts both the Cincinnati and the Cleveland Indians spring training camps.

Phoenix AZ Property Management

Red Hawk Property Management
2451 E Baseline Rd Ste 410, Gilbert, AZ 85234, USA
+1 480-396-9766
phoenixpropertymanagementcompany.com/

The Elliot Road Technology Corridor Mesa, Arizona Project Overview

With the Silicon Desert slowly expanding into Mesa, America’s most conservative metropolis is starting to attract the attention of technology heavyweights across the country. For instance, Mesa is already home to Apple’s 2 billion dollar global operations command center.

Key Factors that Are Attracting Businesses to Mesa

The business attraction can be attributed to the persistent efforts that have been put in place by the local government to encourage economic development in the region further. According to the city’s Economic Development Director Bill Jabjiniak, two things will attract technology companies and other companies—infrastructure and the efficiency of land entitlement process.

Mesa’s ‘Elliot Road Technology Corridor’ today has more than enough infrastructures in place to lure any serious American company or a multinational. For instance, the city’s massive power system installation, located close to SRP’s Browning receiving station together with the 69Kv, 230kv and 500Kv transmission lines are large power infrastructures with a capacity to supply more than enough energy needed for industrial operations.

Another factor that is attracting Silicon Valley businesses to Mesa is the ease of access to SRP’s extensive, redundant fiber network. Companies can take advantage of this massive and unused fiber network to connect with the world.

Likewise, the decision by the local government to set up the Eliot Road Technology Corridor Planned Area Development Overlay, after the Mesa City Council’s unanimous approval in September 2014, has slashed entitlement time in the corridor by up to nearly 80%. This is something that investors cannot ignore. The overlay extends across areas directly north of Elliot Road from Signal Butte to Hawes Roads.

Apple’s Significant Impact on the Elliot Road Technology Corridor Project

The corridor already has secured Apple, who decided to continue their presence in Mesa, after their contractor—GT Advanced Technologies, filed for bankruptcy, jeopardizing the future of the former First Solar facility it occupied at Ellsworth and Elliot Roads. Although the bankruptcy petition by GT Advanced Technologies was considered a blow to the city’s economic development plans, it was not a fatal one.

Apple Inc. will be a major player in the Mesa, Arizona economy.

For the Mesa local government, staying the course to accomplish the desired economic development goals have not been so easy, especially with so many hiccups along the way. The entry of Apple in 2015, who injected 2 billion dollars into the economy, provided the much-needed bailout to Mesa’s fragile economic development project.

According to Christine Zielonka who is the director of Mesa Development Services, one reason the technology heavyweight chose to stay on, following their contractor’s exit was the ease of doing business with the city.

The presence of the world’s leading technology gadgets manufacturer has been a significant boost for the local government’s efforts to promote the Elliot Road Technology Corridor project as it has shown a spotlight on Mesa and given the city a chance to market its amenities not only to American companies but also to other companies around the globe.

Apple’s Presence Alone Is Not Enough for the Project to Pan Out

Even though Apple’s presence is promoting the Elliot Road Technology Corridor project the best way it can, much of the project still does not resemble Silicon Valley as the area still consists of so many undeveloped plots of land. The only way Mesa can fully realize the full potential provided by the overlay as well as the existing amenities is if the local authorities come up with several in-development and planned projects that yield results. The presence of Apple alone is not enough for the city to accomplish its economic development goals.

What Does the Future Of Mesa and Its People Look Like?

Nevertheless, the economic future of Mesa looks bright. Besides the nearly finished 94,000 square foot health facility on Elliot Road Technology Corridor, many other major businesses have shown interest and announced their intention to join the project. For instance, DuPont Fabros’s decision to construct a data center campus on a 56-acre piece of land at Crimson Road just north of Elliot Road in future is good news for the economic development project. Niagara Bottling also announced their intention to construct a 455,000-square-foot bottling plant in the area worth 76 million dollars. All these new entries will create additional jobs for the residents of Mesa and boost the economy of the region.

Phoenix Property Management

Red Hawk Property Management