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, affordability plays a huge role for buyers. The typical home value in the United States was $362,117 in October, 0.1% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of November 20, the 30-year fixed mortgage rate sits at 6.26%.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.

Stacker compiled a list of cities with the most expensive homes in the Phoenix metro area using data from Zillow. Charts show the monthly typical home value since January 2018. Data was available for 46 cities and towns.

#30. Sun City West, AZ

– Typical home value: $380,309
– 1-year price change: -4.1%
– 5-year price change: +25.8%

#29. Tolleson, AZ

– Typical home value: $392,071
– 1-year price change: -3.0%
– 5-year price change: +46.2%

#28. Avondale, AZ

– Typical home value: $394,406
– 1-year price change: -4.7%
– 5-year price change: +39.0%

#27. Buckeye, AZ

– Typical home value: $396,275
– 1-year price change: -2.1%
– 5-year price change: +40.7%

#26. San Tan Valley, AZ

– Typical home value: $397,113
– 1-year price change: -3.6%
– 5-year price change: +38.8%

#25. Tonopah, AZ

– Typical home value: $400,661
– 1-year price change: +1.8%
– 5-year price change: +53.3%

#24. Glendale, AZ

– Typical home value: $401,176
– 1-year price change: -4.5%
– 5-year price change: +37.8%

#23. Phoenix, AZ

– Typical home value: $404,971
– 1-year price change: -4.5%
– 5-year price change: +36.9%

#22. Surprise, AZ

– Typical home value: $419,069
– 1-year price change: -3.9%
– 5-year price change: +34.2%

#21. Mesa, AZ

– Typical home value: $429,462
– 1-year price change: -3.6%
– 5-year price change: +35.0%

#20. Tempe, AZ

– Typical home value: $462,259
– 1-year price change: -4.1%
– 5-year price change: +32.6%

#19. Goodyear, AZ

– Typical home value: $466,774
– 1-year price change: -2.6%
– 5-year price change: +37.0%

#18. Peoria, AZ

– Typical home value: $481,675
– 1-year price change: -3.5%
– 5-year price change: +37.8%

#17. Gold Canyon, AZ

– Typical home value: $489,623
– 1-year price change: -1.2%
– 5-year price change: +39.8%

#16. Oracle, AZ

– Typical home value: $516,876
– 1-year price change: -0.7%
– 5-year price change: +39.9%

#15. Waddell, AZ

– Typical home value: $516,989
– 1-year price change: -1.2%
– 5-year price change: data not available

#14. Chandler, AZ

– Typical home value: $519,914
– 1-year price change: -3.6%
– 5-year price change: +35.3%

#13. Litchfield Park, AZ

– Typical home value: $520,925
– 1-year price change: -1.7%
– 5-year price change: +39.8%

#12. Wickenburg, AZ

– Typical home value: $521,483
– 1-year price change: -0.4%
– 5-year price change: +39.6%

#11. Anthem, AZ

– Typical home value: $561,749
– 1-year price change: -3.1%
– 5-year price change: +46.0%

#10. Gilbert, AZ

– Typical home value: $566,262
– 1-year price change: -2.9%
– 5-year price change: +41.1%

#9. Queen Creek, AZ

– Typical home value: $627,562
– 1-year price change: -1.8%
– 5-year price change: +45.0%

#8. Fountain Hills, AZ

– Typical home value: $656,067
– 1-year price change: -0.2%
– 5-year price change: +41.9%

#7. New River, AZ

– Typical home value: $744,957
– 1-year price change: -0.4%
– 5-year price change: +49.6%

#6. Rio Verde, AZ

– Typical home value: $814,678
– 1-year price change: +0.7%
– 5-year price change: +46.4%

#5. Scottsdale, AZ

– Typical home value: $829,785
– 1-year price change: -0.9%
– 5-year price change: +48.3%

#4. Fort McDowell, AZ

– Typical home value: $980,619
– 1-year price change: +1.3%
– 5-year price change: +40.8%

#3. Cave Creek, AZ

– Typical home value: $1,018,260
– 1-year price change: -0.6%
– 5-year price change: +58.3%

#2. Carefree, AZ

– Typical home value: $1,266,377
– 1-year price change: +1.0%
– 5-year price change: +58.5%

#1. Paradise Valley, AZ

– Typical home value: $3,220,094
– 1-year price change: +9.8%
– 5-year price change: +95.1%