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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.
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.
Nearby cities with low cost of living
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.
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.
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.
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.
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.
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.
That’s 0 days more than the average in December 2021. Find a top agent with a proven track record of selling homes faster than their peers or who can help you find your dream home, no matter how quickly their market moves. Storm risk estimates how much climate change increases the chances of extreme precipitation, when a lot of rain or snow falls in a short time, including thunderstorms, snowstorms, and tropical cyclones.
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 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.
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.
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