By Catherine Reagor | Arizona Republic
Metro Phoenix home prices and rents keep climbing, and here’s a big reason why.
Phoenix drew a higher percentage of new residents than any other major U.S. city between 2010 and 2020, according to the latest census data released last week.
And West Valley suburb Buckeye grew more swiftly than any other city in the country.
The heady growth explains why the Valley’s median home price hit another record high in July, single-family home rents climbed higher here than anywhere else in the U.S., and apartment rent hikes during the past year are second only to Boise, Idaho.
