By Stacker | AZ Family
The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace.
Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
In April, the typical home value in the United States was $359,402—4.4% higher than the year before.
Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
Stacker compiled a list of cities with the fastest-growing home prices in the Phoenix metro area using Zillow data. Cities are ranked by their one-year price change as of April 2024.
#30. El Mirage, AZ
- 1-year price change: +$13,007 (+3.7%)
- 5-year price change: +$155,045 (+74.7%)
- Typical home value: $362,613 (#33 most expensive city in metro)
#29. San Tan Valley, AZ
- 1-year price change: +$13,273 (+3.3%)
- 5-year price change: +$169,212 (+68.3%)
- Typical home value: $416,927 (#25 most expensive city in metro)
#28. Youngtown, AZ
- 1-year price change: +$16,125 (+5.3%)
- 5-year price change: +$138,071 (+76.7%)
- Typical home value: $318,051 (#36 most expensive city in metro)
