Buckeye, Arizona, is a city with a population of about 89,711 residents and the 14th most populated city in the state of Arizona, as reported. It’s located in Maricopa County and was incorporated in 2008. The city’s motto is “The Friendliest Town on the Face of the Earth.” Buckeye has many great things going for it, including a low cost of living, beautiful weather, and a great return on investment (ROI).
If you are looking to invest in a real estate property, Buckeye might be a suitable choice as there are many Buckeye homes for sale with pool. These homes are perfect for retiring or starting a new life with your family. There are many reasons to invest in such homes; below are a few.
Low cost of living
Buckeye has a low cost of living compared to other cities in Arizona, which allows you to save more money. Buckeye is also an attractive option for many people because it’s small, so fewer people compete for jobs than in Phoenix or Tucson. The cost of living in Buckeye is 5% lower than the national average, utility costs are 4% lower than the national average, and the costs of food and groceries are 3% lower than the national average.
The median home value is reasonable for first-time buyers
The median home value of Buckeye, AZ, is $200,000, and the average home price is 1.5 times higher at $180,000. The average rent is $1,400 per month. This means that you will pay around 200% of your monthly income in total housing costs with a 20% down payment on a house with an average price of $180,000. For the first-time home buyer, the cost is pretty adjustable.
Great return on investment
Buckeye homes for sale with a pool seem to be a better investment in ROI, as these homes are always in demand and yield profits. The ROI is an excellent indicator of how well a real estate market performs. When you invest in Buckeye, you’ll see a high return on your investment. The average ROI for these homes in the U.S. was 5% in June 2018, and the Buckeye market had an average annual return rate of 13%. This means that if you bought $100k worth of property and sold it after one year for $113K, your net profit (net gain) would be $13K ($113K–100K).
Lifestyle and amenities
Buckeye is a great place to live if you enjoy the outdoors. The mild winters and warm summers make it easy to enjoy the natural beauty of this city, whether you’re an avid hiker or want to take your family on a picnic in one of many local parks. Buckeye’s central location allows residents to access nearby lakes, mountains, and deserts for year-round outdoor activities like hiking, biking, and hunting. If you’re more into staying indoors, there are plenty of events throughout the year where people from all walks of life come together in celebration—whether it’s music festivals or rodeos at the fairgrounds.
There are many reasons to invest in Buckeye. This town has a wonderful combination of the low cost of living, good schools, and great return on investment (ROI). Buckeye has the best real estate market in Arizona, with great investments for both long-term and short-term goals.