About the Casa Grande Housing Market
Casa Grande, Arizona is a city that is currently experiencing rapid growth. The city’s population has increased by 19.75% since 2020, and it is currently growing at a rate of 6.19% annually. This growth is being driven by a number of factors, including the city’s proximity to Phoenix and Tucson, its strong economy, and its affordable housing.
If you’re looking for an affordable, growing city with a high quality of life, Casa Grande is a great option for you. The city offers a number of benefits for buyers, including affordability, growth potential, and a good quality of life.
At the midpoint between Phoenix and Tucson lies the city of Casa Grande. As of 2023, the city’s population is estimated to be 55,185 people. The Casa Grande Ruins National Monument inspired the city’s name. It is now the seventh fastest-growing city in the United States.
Casa Grande is located in Pinal County, which is directly between Phoenix and Tucson. This makes it a convenient location for people who work in either city, but who want to live in a more affordable area.
Median Household Income: $55,236
Metro Population: 65,064
11-Year Population Growth: 6.19%
Median Home Price: $363,296
Median Rent Per Month: $1,950
Flood Risk: 26% over 30 years
8-Year Equity Growth (January 2014 – December 2022): 100.9%
1-Year Rent Growth: 4.5%
8-Year Rent Growth (January 2014 – December 2022): 27%
Job Growth: +5,000 CES jobs created over the last year
1-Year Job Growth Rate: 3.16% (18% lower than the national average)
Unemployment Rate: 3.6% (7% lower than the national average)
Tenant Laws: Landlord-Friendly
What to Like
Over 100% home equity growth
Diverse economy/jobs
Real estate appreciation
What to Watch Out For
Higher risk of valley fever
Dust storms
Lack of public transport
– The city is home to a number of major employers, including Raytheon, Honeywell, and Cargill.
– The climate is mild year-round, with average temperatures ranging from 55 degrees Fahrenheit in the winter to 95 degrees Fahrenheit in the summer.
– The city is located in the heart of the Sonoran Desert, which offers a variety of outdoor activities, such as hiking, biking, and camping.
– TCasa Grande is a short drive from Phoenix, Scottsdale, and Tucson, which offer a wider range of amenities and activities.
– Casa Grande’s economy is diverse, with major employers in industries such as healthcare, education, manufacturing, and distribution. The city has also attracted a number of renewable energy projects, including solar and wind power plants.
– The real estate market in Casa Grande has been strong in recent years, with home values increasing by over 20% since 2019. However, the city still offers more affordable housing options compared to larger metropolitan areas like Phoenix and Tucson.
Strong economy
Casa Grande has a strong economy, with a number of major employers in the area, including agricultural companies, manufacturing plants, and logistics companies. This has created a lot of job opportunities, which is attracting new residents to the city.
Affordable real estate
The cost of living in Casa Grande is significantly lower than in many other parts of the country, making it an attractive option for budget-minded buyers. The median home price in Casa Grande is currently around $314,000, which is well below the national average of $428,700.
Quality of life
Casa Grande offers a high quality of life, with a mild climate, plenty of sunshine, and a variety of amenities and activities. The city is home to several golf courses, a number of parks and recreation areas, and a vibrant arts and culture scene.
Purchasing Property in Casa Grande
Casa Grande is a good investment for those looking to buy real estate. The city’s strong economy and growing population are expected to continue to drive home prices up in the years to come.
Growth potential: Casa Grande is a rapidly growing city, with a population that has increased by over 20% in the past decade. This growth is being driven by a number of factors, including the city’s proximity to Phoenix, its status as a major agricultural center, and its increasing popularity as a retirement destination.
A consistent characteristic of these fast-growing cities is the ability to maintain a small town feel while maintaining continual growth. Casa Grande, Arizona, is a prime example of a community with small town charm and modern opportunities, with plentiful bike trails, museums, theaters, and a thriving historic downtown area. While it’s conveniently located between Phoenix and Tucson, Casa Grande has ample employment opportunities of its own with Abbott Nutrition, Frito Lay, Monsanto Cotton Research Center and more. All these different amenities helped the city’s population grow by 6.2% from July 2020 – July 2021
Casa Grande, Arizona
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