Cities with the most expensive homes in Arizona

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.

Arizona Homes: Cities With the Highest Home Prices

The typical home value in the United States was $360,999 in September, 2.4% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of October 17, the 30-year fixed mortgage rate sits at 6.44%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Where to Find the Most Costly Homes in Arizona

Stacker compiled a list of cities with the most expensive homes in Arizona using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of September 2024. The charts in this story were created automatically using Matplotlib.

Metros with the most cities in the top 30 in Arizona
#1. Phoenix-Mesa-Chandler, AZ: 16
#2. Flagstaff, AZ: 4
#3. Prescott Valley-Prescott, AZ: 3
#3. Tucson, AZ: 3
#5. Nogales, AZ: 2
#6. Payson, AZ: 1
#6. Show Low, AZ: 1