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Check out HomeLight’s Quarterly Top Agent Insights report, a national survey of over 500 top real estate agents. Hear what agents are saying across the country and make smarter decisions when buying or selling a home. These are the predominate forms of housing in the city.
Can sell for about 2% above list price and go pending in around 19 days. Here’s what you can do next with your housing market report. Fire risk estimates the risk of wildfires, based on the likelihood of burning in the future and the potential size and severity of a fire. Can sell for around list price and go pending in around 28 days.
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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.
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.
Cost of Living Calculator for Buckeye
Risk Factor™ is a peer reviewed scientific model, designed to approximate flood risk and not intended to include all possible risks of flood. The minimum salary you need to live in Buckeye is the sum of your daily expenses , your monthly housing-related costs , any debt expenses , as well as your savings and investment goals. Use our cost of living calculators to assess how much you’ll need to earn to live comfortably in key cities. Of homes in Downtown Buckeye are required to have flood insurance. Can sell for about 3% above list price and go pending in around 7 days.
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.
New Listings in Downtown Buckeye
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.
Our data are calculated and updated every three months for each neighborhood, city and town, approximately two months after the end of the previous quarter. Each quarter, Fannie Mae and Freddie Mac provide their most recent mortgage transactions to the FHFA. These data are combined with the data of the previous 29 years to establish price differentials on properties where more than one mortgage transaction has occurred. These resultant neighborhood appreciation rates are a broad measure of the movement of single-family house prices.
How Buckeye Compares to Other Cities
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.
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.
Median home value is the value which has equal numbers of homes valued above and below it. The median home value is more stable than the average home value, which can be greatly affected by a few very high or very low home values. Click on the risks below to learn which exist in Downtown Buckeye today and how they’ll change by 2050.
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.
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