About the Queen Creek Housing Market
The list for fastest-growing cities in the U.S. moves from the Lone Star State over to Queen Creek, Arizona, in Maricopa and Pinal County just southeast of Phoenix. Named after a nearby mine and creek, Queen Creek has deep roots in agriculture even though it was incorporated in 1989.
The location of Queen Creek right below the San Tan mountains provides fertile soil for a variety of crops, providing many agricultural-based attractions in town including Schnepf Farms.
With a high-ranking school system and quick access to Phoenix, it’s no surprise that Queen Creek is growing at a rate of 8.9% from July 2020 – July 2021.
Queen Creek wasn’t even a town 30 years ago. A little agricultural village in the foothills of the San Tan Mountains was all that was there. However, Queen Creek is now flourishing. It is one of the cities in Arizona that is expanding the quickest, with about 70,000 inhabitants moving there every day.
Median Household Income: $111,743
Metro Population: 707,340
11-Year Population Growth: 112.8%
Median Home Price: $604,225
Median Rent Per Month: $1,800
1-Year Equity Growth: -4.9%
10-Year Equity Growth: 90%
1-Year Rent Growth: 16%
8-Year Rent Growth (January 2014 – December 2022): 84%
Job Growth: +10,000 CES jobs created over the last 6 years
1-Year Job Growth Rate: 16.8%
Unemployment Rate: 2.7% (31% lower than the national average)
Tenant Laws: Landlord-Friendly
What to Like
Low crime rate
Excellent schools
Growing economy
Family friendly environment
What to Watch Out For
Increasing cost of living
Traffic congestion
Distance from major cities
– The proximity to Phoenix: Queen Creek is located just southeast of Phoenix, which is the largest city in Arizona. This proximity to Phoenix provides Queen Creek residents with access to a variety of amenities, including restaurants, shopping, and cultural attractions.
– Queen Creek Unified School District: Queen Creek Unified School District is a top-rated public school district in Arizona, with a focus on student achievement and community engagement. They offer a range of career opportunities in education, including teaching, administration, and support staff roles.
– The rental market in Queen Creek, Arizona is relatively strong, with average rent for an apartment being around $1,800 per month. The cost of rent varies depending on several factors, including location, size, and quality. For example, a 1-bedroom apartment in the downtown area will likely be more expensive than a 2-bedroom apartment in a more suburban location.
– Beautiful scenery: Queen Creek is located in the Sonoran Desert, and it’s surrounded by mountains, cacti, and other desert plants. There are also a number of lakes and rivers in the area, which offer great opportunities for fishing, boating, and swimming.
Quality of life
Queen Creek is a beautiful community with a lot to offer residents. The city has a number of parks and recreation areas, as well as a variety of schools. Queen Creek is also home to a number of wineries and breweries, which has made it a popular destination for tourists.
Strong job growth / market
Queen Creek is home to a number of large employers, including Intel, Amazon, and First Solar. This has created a strong job market, which has attracted new residents to the area. Banner Health is a leading healthcare provider with several locations in the Queen Creek area. Hensley Beverage Company is a family-owned and operated beverage distributor that serves the Phoenix metropolitan area, including Queen Creek
Steady home price appreciation
According to NeighborhoodScout, the median home value in Queen Creek, Arizona has appreciated by 168.71% over the past 10 years, from $292,500 in 2013 to $763,000 in 2023. This is significantly higher than the national average of 124.5% over the same period.
Purchasing Property in Queen Creek
The growth of Queen Creek is expected to continue in the coming years. The city is currently in the process of developing a new master plan, which will guide its growth for the next 20 years. The master plan calls for the city to grow to a population of 175,000 by 2040.
The cost of homes in Queen Creek is on the rise. The median home price in Queen Creek is currently $604,225, and it’s expected to continue to rise in the coming years. There are more buyers than sellers in Queen Creek, so it’s important to be prepared to act quickly when you find a home you like.
If you enjoy spending time outdoors, Queen Creek is a great choice. There are plenty of hiking trails, bike paths, and parks to explore. However, if you prefer to be close to the city, Queen Creek may not be the best fit for you. If you work in Phoenix, you’ll need to factor in the commute time when deciding whether to live in Queen Creek. The drive can be long, especially during rush hour.
Queen Creek, Arizona
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