Real estate is always a hot topic, and people always want to make money. Buying land or home with natural resources is one strategy that has been going on for years. Many investors prefer to purchase homes in growing cities.
Buckeye, Arizona, is a prime example of a small town with rich natural resources. With the growth in prosperity, new homes are some of the hottest real estate investments in that area. Below is a discussion of why Buckeye, AZ, is one of the fastest growing cities in the US and a good place for real estate investments.
Buckeye is located south of Phoenix, Arizona, close to the Mexican border. The town was initially called Wickenburg before becoming part of Maricopa County. It is home to over 70,000 residents.
The overall population of the town continues to grow every year. A real estate agent in Buckeye will tell you that the town is ideal for first-time homebuyers looking to build a dream home for their growing family.
Maricopa County, which contains Buckeye, is accessible from Phoenix and Glendale, both nearby. The city’s location near Phoenix offers convenient access to several educational institutions from different disciplines, including arts, engineering, business and computer science, liberal arts, and nursing.
Affordable Housing Compared to Major Metro Cities
The median price per square foot of Buckeye is considerably lower than in major metro cities in the US. A real estate agent will tell you there is a growing demand for affordable housing in Buckeye, AZ.
Compared to other cities in Maricopa County, it is also much more affordable. The average home for sale in Buckeye is around $450,000, which is relatively lower compared to Los Angeles, New York City, and Austin, TX.
In Los Angeles, the average home price is around $767,000; in New York City, it is around $908,000, and around $680,000 in Austin. In addition to its affordability, property taxes in Buckeye are lower than in other counties such as Maricopa.
Popular Master Planned Communities
Buckeye has various master-planned communities in its area, some of which have generated statewide buzz. In fact, Verrado homes for sale are considered one of the hottest real estate options in Arizona. It has a designer golf course and various high-end facilities, including a resort, medical center, and hospital.
The community has been on real estate investors’ radar for a long time. Many home buyers choose to move to this community because of its state-of-the-art facilities, public buildings, private schools, and retail and residential neighborhoods.
There is a master-planned community called Tartesso located in the northeast of town. It comprises various retail centers, residential areas, and a golf course. Real estate prices in this community have been steadily increasing over the years.
With 49,000 residential units, this community is dominated by single-family homes. The area also has a 300-acre town center and over ten elementary schools. Tartesso has been ranked as one of the top real estate investment areas in Maricopa County. The two growing communities of Buckeye make the place suitable for real estate investments.
Reduced Crime Rate and Excellent Weather Conditions
Buckeye has excellent weather conditions. It is cooler than other US cities, attracting home buyers who do not like extreme heat. In addition to its cooler weather, Buckeye has a low crime rate compared to other locations in Maricopa County.
The city’s crime index is 31%, significantly lower than the national average crime index. This makes the place safer for residents. In addition to its low crime rate, Buckeye provides residents with peace of mind by offering them top-notch police services.
Convenient Highway Access
The town is easily accessed by important highways such as Loop 303, Highway 85 and Interstate 10. Highway 85 connects Buckeye to the city of Phoenix and the Mexican Border. It also connects it to Las Vegas via Highway 93. Interstate 10 connects Buckeye to Los Angeles, CA, Phoenix, and Tucson, AZ.
People who like traveling can take this route to other parts of the US or visit nearby cities like Tucson, which has an international airport. Buckeye’s location near Phoenix makes the town ideal for commuters working in other cities within Maricopa County.
In Buckeye, the Loop 303 and Interstate 10 connect it to other cities and towns in Maricopa County, as well as nearby states. Loop 303 is a 16-mile highway that links Buckeye to Phoenix, Peoria, and the East Valley.
It connects with Interstate 10, which leads to Tucson and Los Angeles. Loop 303 is an important highway for commuters who work in other cities within the state or in nearby states. Tempe and Phoenix Airports are also close to Buckeye. Both airports are served by Southwest Airlines, American Airlines, and Alaska Airlines.
Phoenix Sky Harbor International Airport, which provides domestic and international flights to worldwide destinations, is also nearby. Because of the area’s proximity to Phoenix, residents can easily access these well-connected airports.
Buckeye Town Council and nearby cities are working towards expanding the town’s road network to accommodate increasing traffic. Several new roads are being built to ease traffic congestion in the area. More roads mean more opportunities for real estate investors.
Great Buckeye Schools
Buckeye has public schools, religious private schools, and charter schools. Some of the best schools are Verrado Elementary School, Verrado Middle School, and Westwood High School. Other public schools in the area include Sonoran Trails Elementary School, Chaparral Middle School, and Desert Vista High School.
Most of these schools have been ranked as some of the best in Maricopa County. Buckeye also has a few religious private and charter schools, such as Veritas Preparatory Academy, Veritas Christian Academy, and Desert Beak Elementary Charter School.
Attendance levels in Buckeye Schools are continuously on the rise. The town’s public elementary schools have an average attendance rate of 96%, while its middle and high school attend rates are around 90%. This is within the state’s single-pass rate range.
There is an active PTA council at Buckeye that works closely with the schools to improve education and give more opportunities to parents. This makes Buckeye an excellent place for families who want their children to be highly educated.
Other Social Factors
Buckeye has an average unemployment rate of 3.60%, which is lower than Arizona’s average unemployment rate of 4.9 % as of 2021. The low unemployment rate makes the town a good market for real estate investments. Buckeye has a median household income of $62,897.
Unlike most other areas of Arizona, Buckeye has a high median income. It is the second-highest on the list of best places in Maricopa County regarding median household income. The town also has a low poverty rate as most of the residents do not receive government assistance.
The town is home to many real estate investors who have built residential homes for sale or rent. This puts a great deal of money into the town’s economy. Buckeye is ideal for new homeowners looking for affordable housing in beautiful surroundings.
It is relatively more affordable than other US cities and has few property maintenance and safety problems. Buckeye also has a very low crime rate and is close to Phoenix and its well-connected airports. This makes it a suitable location for investors. The town’s attractive real estate market makes it a desirable location for home buyers and investors.