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.
Total monthly expenditure you can expect to incur depends on the cost of housing, food, utilities, transportation, healthcare, other miscellaneous goods and services. Note that your household composition and home ownership status (renting vs. owning) might affect your monthly expenses. Relative to Arizona, our data show that Buckeye's latest annual appreciation rate is higher than 70% of the other cities and towns in Arizona. The median rent for all bedrooms and all property types in Buckeye, AZ is $1,995.
Zip Code Listings
In November 2022, Downtown Buckeye home prices were up 8.7% compared to last year, selling for a median price of $317K. On average, homes in Downtown Buckeye sell after 60 days on the market compared to 40 days last year. There were 15 homes sold in November this year, down from 21 last year. Are you planning a move to Buckeye, AZ and wondering if it is an expensive place to live in? The predominate size of homes in the city based on the number of bedrooms.
Using that number, a maximum of $1,538 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $50,478, which means there is a maximum of $1,178 to be spent on the costs of renting a home or apartment. Fully 12.37% of the housing stock is classified as vacant. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Average Rent in Buckeye, AZ
Appreciation rates are updated by NeighborhoodScout each quarter as additional mortgages are purchased or securitized by Fannie Mae and Freddie Mac. The new mortgage acquisitions are used to identify repeat transactions for the most recent quarter, then are fed into NeighborhoodScout's search algorithms. Our data are designed to capture changes in the value of single-family homes at the city, town and even the neighborhood level.
Visit our Seller Resource Center, backed by top agents, data analysis, and rigorous research. Of homes in Buckeye are required to have flood insurance. Everything you need to know about local demographics, nearby schools, public transport, market trends, and more.
How Buckeye Compares to Other Cities
Can sell for around list price and go pending in around 25 days. 4,011 or 20% of the households in Buckeye, AZ are renter-occupied while 16,432 or 80% are owner-occupied. The most popular Neighborhoods in Buckeye are Sundance where we have 61 listings. The median home price in Buckeye is $369,995 with a median price per sqft of $222.
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.
View houses in Downtown Buckeye that sold recently
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.
Temperature is based on all bedrooms and all property types. Work with a top Buckeye real estate agent to figure out the best selling strategy and start bidding wars on your home. Visit our Buyer Resource Center for the latest home buying advice from top real estate agents across the country.
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis. As of December 18, 2022, the average rent for a 1-bedroom apartment in Buckeye, AZ is $1,572. This is a 41% increase compared to the previous year. The median household income in a city certainly helps gauge the cost of living. The median household income in Buckeye is $71,707, which is 21% more than that of the state. The median income for an individual is $34,252, which is 6% more than that of the state.
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.
You'll also find that houses and apartments in Buckeye, AZ range from affordable to luxury. The data relating to real estate listings on this website comes in part from the Internet Data Exchange program of Multiple Listing Service of Southern Arizona. Listings provided by brokerages other than Redfin are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2022 MLS of Southern Arizona. The cost of living index for housing estimates the cost of housing in Buckeye to be 84.5% of the national average.
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