Cities with the most expensive homes in Arizona

Written by:
March 20, 2026
4 PM production // Shutterstock

Cities with the most expensive homes in Arizona

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.

The typical home value in the United States was $361,371 in February, 0.4% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of March 19, the sits at 6.22%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

compiled a list of cities with the most expensive homes in Arizona using data from . Cities are ranked by the Zillow Home Values Index for all homes as of February 2026. The charts in this story were created automatically using .

Metros with the most cities in the top 30 in Arizona
#1. Phoenix-Mesa-Chandler, AZ: 16
#2. Flagstaff, AZ: 5
#3. Tucson, AZ: 3
#3. Prescott Valley-Prescott, AZ: 3
#5. Nogales, AZ: 1
#5. Show Low, AZ: 1

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#30. Oro Valley

- Typical home value: $500,735
- 1-year price change: -1.0%
- 5-year price change: +30.9%
- Metro area: Tucson, AZ

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#29. Waddell

- Typical home value: $514,096
- 1-year price change: -0.7%
- 5-year price change: +35.0%
- Metro area: Phoenix-Mesa-Chandler, AZ

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#28. Wickenburg

- Typical home value: $516,099
- 1-year price change: -0.3%
- 5-year price change: +32.1%
- Metro area: Phoenix-Mesa-Chandler, AZ

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#27. Chandler

- Typical home value: $521,806
- 1-year price change: -2.4%
- 5-year price change: +27.8%
- Metro area: Phoenix-Mesa-Chandler, AZ

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#26. Cornville

- Typical home value: $522,114
- 1-year price change: -1.7%
- 5-year price change: +29.9%
- Metro area: Prescott Valley-Prescott, AZ

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#25. Greer

- Typical home value: $523,362
- 1-year price change: -5.5%
- 5-year price change: data not available
- Metro area: not in a metro area

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#24. Oracle

- Typical home value: $525,895
- 1-year price change: +1.2%
- 5-year price change: +33.6%
- Metro area: Phoenix-Mesa-Chandler, AZ

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#23. Litchfield Park

- Typical home value: $528,339
- 1-year price change: +0.2%
- 5-year price change: +32.2%
- Metro area: Phoenix-Mesa-Chandler, AZ

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#22. Bellemont

- Typical home value: $530,034
- 1-year price change: +0.8%
- 5-year price change: +39.9%
- Metro area: Flagstaff, AZ

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#21. Pinetop

- Typical home value: $537,100
- 1-year price change: +2.1%
- 5-year price change: +46.2%
- Metro area: Show Low, AZ

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#20. Elgin

- Typical home value: $541,116
- 1-year price change: +1.6%
- 5-year price change: +29.7%
- Metro area: Nogales, AZ

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#19. Forest Lakes

- Typical home value: $541,584
- 1-year price change: +2.4%
- 5-year price change: +52.9%
- Metro area: Flagstaff, AZ

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#18. Anthem

- Typical home value: $563,523
- 1-year price change: -2.0%
- 5-year price change: +35.8%
- Metro area: Phoenix-Mesa-Chandler, AZ

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#17. Sonoita

- Typical home value: $563,669
- 1-year price change: +0.5%
- 5-year price change: +30.2%
- Metro area: Tucson, AZ

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#16. Gilbert

- Typical home value: $570,461
- 1-year price change: -1.6%
- 5-year price change: +31.8%
- Metro area: Phoenix-Mesa-Chandler, AZ

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#15. Munds Park

- Typical home value: $574,194
- 1-year price change: -1.4%
- 5-year price change: +46.8%
- Metro area: Flagstaff, AZ

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#14. Prescott

- Typical home value: $599,196
- 1-year price change: -0.5%
- 5-year price change: +30.5%
- Metro area: Prescott Valley-Prescott, AZ

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#13. Parks

- Typical home value: $612,308
- 1-year price change: +0.5%
- 5-year price change: +44.3%
- Metro area: Flagstaff, AZ

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#12. Tortolita

- Typical home value: $612,892
- 1-year price change: +3.0%
- 5-year price change: +36.5%
- Metro area: Tucson, AZ

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#11. Queen Creek

- Typical home value: $631,155
- 1-year price change: -0.7%
- 5-year price change: +34.8%
- Metro area: Phoenix-Mesa-Chandler, AZ

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#10. Flagstaff

- Typical home value: $650,799
- 1-year price change: +0.5%
- 5-year price change: +45.9%
- Metro area: Flagstaff, AZ

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#9. Fountain Hills

- Typical home value: $661,581
- 1-year price change: +1.1%
- 5-year price change: +36.0%
- Metro area: Phoenix-Mesa-Chandler, AZ

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#8. New River

- Typical home value: $756,586
- 1-year price change: +1.5%
- 5-year price change: +41.1%
- Metro area: Phoenix-Mesa-Chandler, AZ

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#7. Rio Verde

- Typical home value: $838,545
- 1-year price change: +2.3%
- 5-year price change: +42.0%
- Metro area: Phoenix-Mesa-Chandler, AZ

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#6. Scottsdale

- Typical home value: $848,565
- 1-year price change: +1.3%
- 5-year price change: +42.2%
- Metro area: Phoenix-Mesa-Chandler, AZ

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#5. Sedona

- Typical home value: $901,982
- 1-year price change: -1.9%
- 5-year price change: +42.4%
- Metro area: Prescott Valley-Prescott, AZ

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#4. Fort McDowell

- Typical home value: $1,017,504
- 1-year price change: +5.3%
- 5-year price change: +37.0%
- Metro area: Phoenix-Mesa-Chandler, AZ

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#3. Cave Creek

- Typical home value: $1,043,054
- 1-year price change: +1.5%
- 5-year price change: +50.2%
- Metro area: Phoenix-Mesa-Chandler, AZ

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#2. Carefree

- Typical home value: $1,289,851
- 1-year price change: +3.0%
- 5-year price change: +49.6%
- Metro area: Phoenix-Mesa-Chandler, AZ

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#1. Paradise Valley

- Typical home value: $3,451,504
- 1-year price change: +13.5%
- 5-year price change: +90.8%
- Metro area: Phoenix-Mesa-Chandler, AZ

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