By Gina Mejias | InMaricopa
Despite a colossal rise in home prices, Maricopa is still a candidate for the most affordable Phoenix suburb, experts say.
The price of a single-family home has risen 58% in the last five years from $231,396 to $365,605. The Maricopa Housing Needs Assessment, conducted in January, called it a “historic rise” in real estate prices.
The increase is part of a nationwide trend and Maricopa remains one of the most affordable cities in the greater Phoenix area, ranking third from last for the most expensive real estate by square footage among metro cities, according to The Cromford Report’s April 14 rankings. Only Arizona City and Coolidge were pricier.
