Cities with the most expensive homes in the Phoenix metro area

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 $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

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 the Phoenix metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 46 cities and towns.

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1 / 30

#30. Sun City West, AZ

- Typical home value: $374,810
- 1-year price change: -1.9%
- 5-year price change: +4.2%

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2 / 30

#29. Tolleson, AZ

- Typical home value: $390,205
- 1-year price change: -1.8%
- 5-year price change: +13.5%

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3 / 30

#28. Buckeye, AZ

- Typical home value: $391,351
- 1-year price change: -1.7%
- 5-year price change: +6.2%

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4 / 30

#27. San Tan Valley, AZ

- Typical home value: $392,485
- 1-year price change: -2.6%
- 5-year price change: +1.7%

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5 / 30

#26. Avondale, AZ

- Typical home value: $394,129
- 1-year price change: -1.3%
- 5-year price change: +7.0%

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6 / 30

#25. Glendale, AZ

- Typical home value: $401,811
- 1-year price change: -1.4%
- 5-year price change: +8.5%

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7 / 30

#24. Phoenix, AZ

- Typical home value: $405,689
- 1-year price change: -1.5%
- 5-year price change: +7.9%

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8 / 30

#23. Tonopah, AZ

- Typical home value: $411,452
- 1-year price change: +1.2%
- 5-year price change: +22.6%

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9 / 30

#22. Surprise, AZ

- Typical home value: $415,995
- 1-year price change: -1.8%
- 5-year price change: +4.2%

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10 / 30

#21. Mesa, AZ

- Typical home value: $429,657
- 1-year price change: -0.9%
- 5-year price change: +9.0%

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11 / 30

#20. Tempe, AZ

- Typical home value: $461,342
- 1-year price change: -0.6%
- 5-year price change: +9.3%

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#19. Goodyear, AZ

- Typical home value: $462,929
- 1-year price change: -0.8%
- 5-year price change: +8.0%

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13 / 30

#18. Gold Canyon, AZ

- Typical home value: $477,944
- 1-year price change: -2.3%
- 5-year price change: +8.2%

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#17. Peoria, AZ

- Typical home value: $480,596
- 1-year price change: -0.8%
- 5-year price change: +9.4%

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15 / 30

#16. Wickenburg, AZ

- Typical home value: $505,449
- 1-year price change: -0.8%
- 5-year price change: +14.8%

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16 / 30

#15. Waddell, AZ

- Typical home value: $510,000
- 1-year price change: -0.8%
- 5-year price change: +13.1%

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#14. Litchfield Park, AZ

- Typical home value: $514,723
- 1-year price change: +0.2%
- 5-year price change: +11.2%

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18 / 30

#13. Chandler, AZ

- Typical home value: $515,351
- 1-year price change: -1.3%
- 5-year price change: +8.9%

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19 / 30

#12. Oracle, AZ

- Typical home value: $517,888
- 1-year price change: +1.4%
- 5-year price change: +14.2%

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20 / 30

#11. Anthem, AZ

- Typical home value: $558,811
- 1-year price change: -1.0%
- 5-year price change: +11.7%

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#10. Gilbert, AZ

- Typical home value: $566,873
- 1-year price change: -0.3%
- 5-year price change: +11.4%

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22 / 30

#9. Queen Creek, AZ

- Typical home value: $627,355
- 1-year price change: +0.1%
- 5-year price change: +13.3%

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#8. Fountain Hills, AZ

- Typical home value: $660,663
- 1-year price change: +1.2%
- 5-year price change: +16.7%

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#7. New River, AZ

- Typical home value: $757,416
- 1-year price change: +1.5%
- 5-year price change: +20.7%

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25 / 30

#6. Rio Verde, AZ

- Typical home value: $829,587
- 1-year price change: +1.8%
- 5-year price change: +21.0%

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26 / 30

#5. Scottsdale, AZ

- Typical home value: $851,107
- 1-year price change: +2.9%
- 5-year price change: +22.3%

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27 / 30

#4. Fort McDowell, AZ

- Typical home value: $1,031,063
- 1-year price change: +6.1%
- 5-year price change: +22.0%

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28 / 30

#3. Cave Creek, AZ

- Typical home value: $1,044,391
- 1-year price change: +2.1%
- 5-year price change: +26.9%

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29 / 30

#2. Carefree, AZ

- Typical home value: $1,272,336
- 1-year price change: +2.3%
- 5-year price change: +26.4%

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30 / 30

#1. Paradise Valley, AZ

- Typical home value: $3,522,707
- 1-year price change: +11.7%
- 5-year price change: +64.2%

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