Table of Content
A cost of living calculator helps you to assess how much you will need to make in order to live comfortably in a specific city. It takes into account various expenses that you will make in your daily lives (on housing, food, utilities, transportation, entertainment, etc.) and helps you determine a livable salary. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Buckeye differ in their investment potential, sometimes by a great deal. With 91,502 people, 20,443 houses or apartments, and a median cost of homes of $406,888, Buckeye real estate prices are well above average cost compared to national prices.
The Downtown Buckeye housing market is somewhat competitive. The average sale price of a home in Downtown Buckeye was $305K last month, up 2.5% since last year. The average sale price per square foot in Downtown Buckeye is $241, down 17.3% since last year.
Zip Code Listings
Estimates for the most recent period have a high degree of uncertainty due to limited data for this bedroom type in Buckeye, AZ and may not be representative of the actual market. At this time, we don't have enough active inventory for the selected bedroom count to generate data for the table. Indicates a property listed by a real estate brokerage other than the web site owner. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright © 2022 Arizona Regional Multiple Listing Service, Inc.
The appreciation rates serve as an accurate indicator of house price trends at the neighborhood level. Neighborhood appreciation rates from NeighborhoodScout are based on both median house value data reported by respondents via the U.S. Bureau of the Census, and a weighted repeat sales index, meaning that they measure average price changes in repeat sales or refinancings on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac . Then proprietary algorithms developed by Dr. Schiller, NeighborhoodScout's founder, are applied to produce neighborhood appreciation rates.
Average Rent in Buckeye, AZ
Buckeye is part of Phoenix-Mesa-Scottsdale Metro metro area, which is ranked 160 out of 273 cities across the US in terms of cost of living. According to C2ER , the cost of living in Buckeye is estimated to be 92.1% of the national average making it an average US city. Market temperature is based on changes in renter demand compared to the national average. The average homes sell for around list price and go pending in around 16 days.
Click on the risks below to learn which exist in Buckeye today and how they’ll change by 2050. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly. Across the nation, 3% of homebuyers searched to move into Buckeye from outside metros. The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
How Buckeye Compares to Other Cities
The average sale price per square foot in Buckeye is $218, down 1.8% since last year. Housing is generally the biggest monthly cost that you would need to account for. The average rent in Buckeye (located in Phoenix-Mesa-Scottsdale Metro) metro area for a 2-bed home is $1,245, which is 6% more than the average rent across the US. However, this average takes into account both metro and suburban areas. So, the costs may go up or down depending on which neighborhood you eventually decide to stay. Get an estimate of income required to live comfortably in Buckeye.
In November 2022, Buckeye home prices were down 1.3% compared to last year, selling for a median price of $395K. On average, homes in Buckeye sell after 50 days on the market compared to 32 days last year. There were 156 homes sold in November this year, down from 253 last year. In the last 10 years, Buckeye has experienced some of the highest home appreciation rates of any community in the nation. Buckeye real estate appreciated 236.32% over the last ten years, which is an average annual home appreciation rate of 12.90%, putting Buckeye in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Buckeye definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
The average size for a Buckeye, AZ apartment is 1,409 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage. There are a total of 187 apartments for rent available in Buckeye, AZ. 4-Bedroom apartments are the most common, with a total of 84 listings available. Studio apartments are the least common, with a total of 3 listings available.
Homes include single family houses as well as apartment and condominium units. Average market rent is exclusively developed by NeighborhoodScout. It reveals the average monthly rent paid for market rate apartments and rental homes in the city, excluding public housing. Neighborhood appreciation rate data are based on transactions involving conforming, conventional mortgages. Only mortgage transactions on single-family properties are included. Conventional means that the mortgages are neither insured nor guaranteed by the FHA, VA, or other federal government entity.
ClimateCheck™ analyzes a property's risk from climate change using the latest modeling and data from climate scientists, universities, and federal agencies. Drought risk is based on water stress, which estimates how much of the future water supply will be used for human purposes, like watering the lawn. Flood risk in Buckeye is increasing slower than the national average. The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period. Is the cost of living increasing or decreasing in Buckeye?
Mortgages on properties financed by government-insured loans, such as FHA or VA mortgages, are excluded, as are properties with mortgages whose principal amount exceeds the conforming loan limit. Mortgage transactions on condominiums or multi-unit properties are also excluded. As such, NeighborhoodScout does not produce appreciation rates for neighborhoods that consist solely of renters or have no single-family homes . The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Buckeye, AZ, as well as what the overall cost of living might be. In Buckeye, homeowners have a median income of $65,926.
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