Cities with the fastest-growing home prices in the Phoenix metro area

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ungvar // Shutterstock
ungvar // Shutterstock

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Stacker compiled a list of cities with the most expensive homes in the Phoenix-Mesa-Chandler, AZ metro area using data from Zillow. Charts show the monthly typical home value since January 2018.

You may also like: What type of home sells the fastest in Phoenix in 2026?

#30. Anthem, AZ

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#30. Anthem, AZ

- 1-year price change: -$5,835 (-1.0%)
- 5-year price change: +$58,756 (+11.7%)
- Typical home value: $558,811 (#11 most expensive city in metro)

#29. Glendale, AZ

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#29. Glendale, AZ

- 1-year price change: -$5,667 (-1.4%)
- 5-year price change: +$31,607 (+8.5%)
- Typical home value: $401,811 (#27 most expensive city in metro)

#28. Avondale, AZ

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#28. Avondale, AZ

- 1-year price change: -$5,361 (-1.3%)
- 5-year price change: +$25,909 (+7.0%)
- Typical home value: $394,129 (#28 most expensive city in metro)

#27. Casa Grande, AZ

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#27. Casa Grande, AZ

- 1-year price change: -$4,240 (-1.3%)
- 5-year price change: +$20,418 (+6.9%)
- Typical home value: $316,044 (#37 most expensive city in metro)

#25. Waddell, AZ

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#25. Waddell, AZ

- 1-year price change: -$4,027 (-0.8%)
- 5-year price change: +$58,943 (+13.1%)
- Typical home value: $510,000 (#15 most expensive city in metro)

#24. Mesa, AZ

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#24. Mesa, AZ

- 1-year price change: -$3,988 (-0.9%)
- 5-year price change: +$35,474 (+9.0%)
- Typical home value: $429,657 (#23 most expensive city in metro)

#23. Peoria, AZ

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#23. Peoria, AZ

- 1-year price change: -$3,963 (-0.8%)
- 5-year price change: +$41,106 (+9.4%)
- Typical home value: $480,596 (#18 most expensive city in metro)

#22. Wickenburg, AZ

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#22. Wickenburg, AZ

- 1-year price change: -$3,921 (-0.8%)
- 5-year price change: +$65,198 (+14.8%)
- Typical home value: $505,449 (#16 most expensive city in metro)

#20. Superior, AZ

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#20. Superior, AZ

- 1-year price change: -$3,894 (-2.1%)
- 5-year price change: $-15,109 (-7.5%)
- Typical home value: $185,811 (#45 most expensive city in metro)

#19. Tempe, AZ

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#19. Tempe, AZ

- 1-year price change: -$2,784 (-0.6%)
- 5-year price change: +$39,154 (+9.3%)
- Typical home value: $461,342 (#21 most expensive city in metro)

#18. Gilbert, AZ

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#18. Gilbert, AZ

- 1-year price change: -$1,911 (-0.3%)
- 5-year price change: +$58,051 (+11.4%)
- Typical home value: $566,873 (#10 most expensive city in metro)

#17. Coolidge, AZ

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#17. Coolidge, AZ

- 1-year price change: -$1,868 (-0.7%)
- 5-year price change: +$23,159 (+9.4%)
- Typical home value: $268,534 (#42 most expensive city in metro)

#15. Queen Creek, AZ

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#15. Queen Creek, AZ

- 1-year price change: +$341 (+0.1%)
- 5-year price change: +$73,591 (+13.3%)
- Typical home value: $627,355 (#9 most expensive city in metro)

#14. Litchfield Park, AZ

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#14. Litchfield Park, AZ

- 1-year price change: +$1,261 (+0.2%)
- 5-year price change: +$51,810 (+11.2%)
- Typical home value: $514,723 (#14 most expensive city in metro)

#13. Tonopah, AZ

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#13. Tonopah, AZ

- 1-year price change: +$4,873 (+1.2%)
- 5-year price change: +$75,744 (+22.6%)
- Typical home value: $411,452 (#25 most expensive city in metro)

#12. Oracle, AZ

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#12. Oracle, AZ

- 1-year price change: +$7,078 (+1.4%)
- 5-year price change: +$64,544 (+14.2%)
- Typical home value: $517,888 (#12 most expensive city in metro)

#10. Fountain Hills, AZ

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#10. Fountain Hills, AZ

- 1-year price change: +$7,806 (+1.2%)
- 5-year price change: +$94,479 (+16.7%)
- Typical home value: $660,663 (#8 most expensive city in metro)

#9. New River, AZ

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#9. New River, AZ

- 1-year price change: +$11,276 (+1.5%)
- 5-year price change: +$129,998 (+20.7%)
- Typical home value: $757,416 (#7 most expensive city in metro)

#8. Rio Verde, AZ

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#8. Rio Verde, AZ

- 1-year price change: +$14,282 (+1.8%)
- 5-year price change: +$144,042 (+21.0%)
- Typical home value: $829,587 (#6 most expensive city in metro)

#7. Cave Creek, AZ

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#7. Cave Creek, AZ

- 1-year price change: +$21,175 (+2.1%)
- 5-year price change: +$221,280 (+26.9%)
- Typical home value: $1,044,391 (#3 most expensive city in metro)

#5. Arlington, AZ

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#5. Arlington, AZ

- 1-year price change: +$25,570 (+6.1%)
- 5-year price change: data is not available (data not available)
- Typical home value: $444,900 (#22 most expensive city in metro)

#4. Carefree, AZ

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#4. Carefree, AZ

- 1-year price change: +$29,185 (+2.3%)
- 5-year price change: +$265,762 (+26.4%)
- Typical home value: $1,272,336 (#2 most expensive city in metro)

#3. Aguila, AZ

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#3. Aguila, AZ

- 1-year price change: +$35,796 (+8.0%)
- 5-year price change: data is not available (data not available)
- Typical home value: $484,167 (#17 most expensive city in metro)

#2. Fort McDowell, AZ

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#2. Fort McDowell, AZ

- 1-year price change: +$59,666 (+6.1%)
- 5-year price change: +$185,766 (+22.0%)
- Typical home value: $1,031,063 (#4 most expensive city in metro)