Maricopa County Real Estate and Livability Trends
Maricopa County, Arizona's real estate market is marked by significant growth in median home values, doubling from $187,100 in 2015 to $371,400 in 2022, making it a prime spot for investors and homebuyers looking for rapid property appreciation. Despite higher real estate taxes, which rose from $2,400.02 in 2012 to $4,393.29 in 2021, incentives for sustainable living through residential energy... Read more
Maricopa County Market Trends
Maricopa County's median home values surged from $187,100 in 2015 to $371,400 in 2022, outpacing state and national growth, making it an attractive spot for investors and homebuyers eyeing significant property value appreciation. The county's residential energy tax credits also grew dramatically, hitting a peak of $4,004.84 in 2018, suggesting robust incentives for sustainable living. Average... Read more
Median Value of Occupied Housing Units in Maricopa County, Arizona Over the Last 8 Years
Maricopa County's median home values have seen aggressive growth from $187,100 in 2015 to $371,400 in 2022, outpacing both state and national trends. Compared to Arizona as a whole, which saw an increase from $167,500 to $321,400 over the same period, Maricopa County appears quite attractive for investors and homebuyers seeking higher property value appreciation. Nationally, home values rose from $125,500 in 2015 to $179,400 in 2022, making Maricopa County's market particularly compelling for those eyeing robust growth potential.
Residential Energy Tax Credit Per Tax Return in Maricopa County, AZ Over the Last 9 Years
In Maricopa County, Arizona, the average residential energy tax credit per tax return has seen significant growth over the past nine years. Starting at $764.11 in 2013, the credit amount surged to $4,004.84 by 2018, indicating increasing incentives for energy-efficient upgrades. Although it dipped to $2,546.22 in 2020, it rebounded to $3,274.82 by 2021. This trend suggests a strong emphasis on sustainable living and potential savings for homeowners investing in energy-efficient solutions.
Average Real Estate Taxes Per Tax Return in Maricopa County, AZ Over the Last 10 Years
Maricopa County, Arizona, has seen a notable increase in average real estate taxes per tax return over the past decade. Starting at approximately $2,400.02 in 2012, taxes climbed to roughly $4,393.29 by 2021. This upward trend suggests that those considering investing or moving to the area may face higher property taxes over time, reflecting possibly increased property values or fiscal policy adjustments. The significant jump from $3,036.96 in 2017 to $3,902.99 in 2018 hints at a particular policy change or market shift that could be worth investigating.
Percentage of Farm Returns in Maricopa County, AZ Over the Last 10 Years
The percentage of farm returns in Maricopa County, Arizona has generally shown a slight downward trend over the past decade, starting at approximately 0.14% in 2012 and decreasing to around 0.11% by 2021. Farm tax returns, which are financial filings by agricultural operations, can serve as indicators of agricultural activity and economic health in the region. This subtle decline may suggest shifts in land use, urban development pressures, or changes in the local agricultural economy, all of which are significant for those considering real estate or business investments in the area.
Number of Mortgages by Occupancy Type in Maricopa County, AZ Over the Last 5 Years in Maricopa County
The data for Maricopa County, Arizona over the last five years reveals significant fluctuations in mortgages across different occupancy types. Principal residences consistently hold the majority of mortgages, peaking in 2020 and then declining in 2022. Investment property mortgages showed an upward trend until 2020 before dropping in 2022, while second residence mortgages remained relatively stable but with a noticeable dip in 2022. These shifts can impact property values, rental rates, and market demand, which are critical factors for investors, appraisers, and real estate agents. Understanding these trends can be essential for those considering property investments, ensuring appropriate risk assessment and better strategic decisions.
Economic Outlook
Maricopa County, Arizona, has seen robust economic growth over the past decade, with average taxable income per tax return soaring from $59,737.44 in 2013 to $95,980.87 in 2021. This rise in income is complemented by a substantial increase in state and local income taxes per tax return, which climbed from $5,536.45 in 2012 to $14,563.07 in 2021, indicating a higher tax burden that could affect cost-of-living and investment decisions. Despite this, the county's poverty rate has dropped... Read more
Average Taxable Income per Tax Return in Maricopa County, AZ over the last 9 years
Maricopa County, AZ has seen a steady increase in average taxable income per tax return over the last nine years, jumping from $59,737.44 in 2013 to $95,980.87 in 2021. This upward trend highlights a growing economic base, making the area increasingly attractive for investors, property developers, and new residents. With such substantial income growth, the county is likely to continue drawing interest for its potential in real estate and business opportunities.
Average State and Local Income Taxes Per Tax Return in Maricopa County, AZ Over the Last 10 Years
Over the last decade, residents of Maricopa County, AZ have seen a significant increase in average state and local income taxes per tax return, rising from $5,536.45 in 2012 to $14,563.07 in 2021. This upward trend indicates a substantial growth in tax burden, highlighting potential impacts on the cost of living and discretionary income for both current residents and individuals considering relocation to the area.
Average Total Tax Liability Per Tax Return in Maricopa County, AZ Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Maricopa County, Arizona has shown a consistent upward trend, markedly accelerating in recent years. Starting at $11,309.23 in 2012, it rose incrementally to $13,750.90 by 2017 before jumping to $18,005.22 in 2021. This trend underscores a significant increase in personal tax burdens, which could reflect economic growth, rising incomes, and changing tax policies in the area. For investors and potential residents, this data highlights the evolving economic dynamics and potential cost-of-living considerations in Maricopa County.
Cost of Living in Maricopa County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,401 | $1,444 | $1,651 | $1,876 | $1,720 |
| 1 adult 4 children | $2,401 | $1,179 | $1,274 | $1,876 | $1,898 |
| 2 adults 3 children | $2,401 | $1,179 | $1,426 | $1,876 | $1,484 |
| 1 adult 3 children | $2,401 | $963 | $1,050 | $1,876 | $1,683 |
| 2 adults 2 children | $1,751 | $965 | $1,202 | $1,640 | $1,090 |
| 1 adult 2 children | $1,751 | $721 | $825 | $1,640 | $1,177 |
| 2 adults 1 child | $1,751 | $763 | $978 | $871 | $950 |
| 1 adult 1 child | $1,751 | $493 | $601 | $871 | $887 |
| 2 adults | $1,476 | $613 | $753 | $0 | $737 |
| 1 adult | $1,352 | $334 | $377 | $0 | $660 |
Safety trends & Data
Maricopa County, Arizona, has experienced notable fluctuations in property crime trends over the past five years. Larceny-theft peaked in 2018 at 17,263 incidences and has varied significantly since. Vandalism remains persistently high, also peaking in 2018 with 5,718 reported cases. Embezzlement and forgery, while lower, still present appreciable risks for businesses. Interestingly, motor vehicle theft and burglary rates show a general decline, potentially reflecting improved preventive... Read more
Property Crime Trends in Maricopa County, AZ Over the Last 5 Years
Maricopa County, Arizona, has seen notable fluctuations in property crime trends over the last five years. Larceny-theft remains the most prevalent type of property crime, although its numbers peaked in 2018 at 17,263 and have since varied significantly. Particularly concerning is the steady incidence of vandalism, maintaining high levels throughout the period, peaking at 5,718 in 2018. Meanwhile, embezzlement and forgery consistently show lower yet appreciable rates, indicating potential areas of risk for businesses. Motor vehicle theft rates and burglary numbers exhibit a general decline, suggesting improvements or changes in preventive measures. These trends are critical for anyone looking to invest, build property, or conduct business in the county, highlighting areas of concern and opportunity within the region.
Demographics
Maricopa County, Arizona, shows a fairly balanced gender distribution with a slight female majority. Education trends suggest a significant portion with some college experience but no degree, and high school graduates are also notably present. The age groups appear diverse, with large segments in both the younger (under 10 years) and middle-aged (25 to 34 years) categories. In terms of race, the vast majority of residents identify as White, with ethnic diversity represented by Black or African... Read more
Race Distribution in Maricopa County, Arizona (2022)
Educational Attainment in Maricopa County, Arizona (2022)
Age Distribution in Maricopa County, Arizona
Citizen Population in Maricopa County, Arizona (2022)
Political Trends & Data
In Maricopa County, Arizona, the near-even split in the 2020 U.S. Presidential Election, with Democrats possibly edging out Republicans, hints at shifting political dynamics. The minor influence of the Libertarian party, capturing just over 1.5% of the vote, coupled with negligible impact from the Green party and others, underscores a fascinating potential evolution in voter bases and priorities. Such changes could have ripple effects on various sectors, including real estate, as shifting... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Maricopa County, Arizona, saw a nearly even split in the 2020 U.S. Presidential Election, with Democrats possibly edging out Republicans by a small margin. The Libertarian party, while present, had minimal influence, capturing just over 1.5% of the vote. The Green party and other parties did not make a noticeable impact. This close race could reflect shifting political dynamics in the county, indicating the potential for changing voter bases and priorities.
48.14% of voters voted for the Republican party in the 2020 Presidential Election
50.32% of voters voted for the Democrat party in the 2020 Presidential Election
1.53% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Maricopa County, Arizona has experienced fluctuating student-to-teacher ratios, peaking at nearly 32 in 2017 before settling closer to 18 in recent years. While the current ratio is around 17 students per teacher, compared to the national average of 14, this could impact local property attractiveness to families due to potential concerns about class sizes and educational quality. Investors and real estate agents might want to consider how these educational resources could influence long-term... Read more
Student-to-teacher ratio in Maricopa County, Arizona over the last 10 years
Maricopa County, Arizona has seen fluctuating student-to-teacher ratios over the past decade, peaking dramatically at nearly 32 in 2017 before settling into a range closer to 18 in recent years. This matters for potential investors, appraisers, and real estate agents because higher ratios could indicate larger class sizes, potentially impacting the quality of education and, by extension, the attractiveness of local properties to families. With the current ratio around 17 students per teacher compared to the national average of 14, stakeholders should consider how educational resources might affect long-term property values and community growth.
