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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Maricopa, AZ Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Maricopa, AZ Housing Market Trends

With 66,290 people, 18,282 houses or apartments, and a median cost of homes of $372,630, Maricopa real estate prices are well above average cost compared to national prices.

Maricopa is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Maricopa than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Maricopa. Owner-occupied housing accounts for 83.04% of Maricopa's homes, and 80.44% have either three or four bedrooms, which is average sized relative to America.

Maricopa homes and real estate are some of the newest in America. 95.51% of Maricopa's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Maricopa real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 3.61%), and between 1940-1969 ( 0.85%).

Vacant housing appears to be an issue in Maricopa. Fully 12.06% of the housing stock is classified as vacant. Left unchecked, vacant Maricopa homes and apartments can be a drag on the real estate market, holding Maricopa real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Maricopa Home Appreciation Rates

In the last 10 years, Maricopa has experienced some of the highest home appreciation rates of any community in the nation. Maricopa real estate appreciated 162.87% over the last ten years, which is an average annual home appreciation rate of 10.15%, putting Maricopa in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Maricopa definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Maricopa appreciation rates have trailed the rest of the nation. In the last twelve months, Maricopa's appreciation rate has been -7.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Maricopa were at 2.26%, which equates to an annual appreciation rate of 9.36%.

Relative to Arizona, our data show that Maricopa's latest annual appreciation rate is lower than 70% of the other cities and towns in Arizona.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Maricopa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Maricopa - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Maricopa real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$372,630

Maricopa, AZ Home Prices
> $1,522,000
$1,141,001 - $1,522,000
$761,001 - $1,141,000
$609,001 - $761,000
$457,001 - $609,000
$305,001 - $457,000
$152,001 - $305,000
$76,001 - $152,000
$0 - $76,000
0.9%
0.9%
0.1%
0.1%
0.5%
0.5%
5.0%
5.0%
21.1%
21.1%
41.9%
41.9%
29.0%
29.0%
0.6%
0.6%
1.0%
1.0%
0% 100.0%
% of Homes
High

for Arizona

High

for nation

Number of Homes And Apartments:

18,282

Maricopa Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,682 / per month

Homeownership Rate

Owners
Renters
Vacant
83.0%
83.0%
17.0%
17.0%
12.1%
12.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
95.5%
95.5%
3.6%
3.6%
0.9%
0.9%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
96.9%
96.9%
1.5%
1.5%
0.4%
0.4%
0.2%
0.2%
1.0%
1.0%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.2%
0.2%
0.4%
0.4%
5.2%
5.2%
42.6%
42.6%
37.8%
37.8%
13.7%
13.7%
0% 100.0%
% of Homes