November 24, 2024 5:57 am
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Inward migration, materials drive rising home prices in Pinal

By Melissa St. Aude | Casa Grande Dispatch

CASA GRANDE — Home prices are rising faster than incomes in Arizona.

But area real estate professionals say the Pinal County market is still a bargain for home buyers.

According to a study by industry analyst Quote Wizard, the median price of a home in Arizona has risen more than 131% in the past decade while incomes in the state have only risen 31.9% in the same time period.

In the Quote Wizard study, Arizona ranks third in the nation behind Nevada and Idaho as a state in which median income has been slow to rise while housing costs escalate.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.