10 Arizona Cities Where Home Prices Are Skyrocketing Article originally posted on HERE on February 19, 2024 It isn’t just retirees who are moving to Arizona these days. The state now draws people of all ages, seeking to escape to a place known for mostly mild winters and abundant sunshine. In its 2023 migration report, Allied Van Lines found that Arizona was No. 2 in popularity for people relocating to a new state, following a No. 1 ranking in its 2022 report. While Arizona real estate is less expensive than properties to the west in California, for example, the cost of buying a home in Arizona stands above the national average home value of $343,319. In Arizona, based on December 2023 values posted by Zillow, the average home value came in at $429,099. And in some cities, the price of real estate is skyrocketing. While the average home value across the country grew nearly 13% from December 2021 to December 2023, here’s a look at the 10 Arizona cities where home prices have increased by more than that over the same two-year period. 10. Flagstaff 9. Rio Rico December 2021 Home Value: $220,703 December 2023 Home Value: $251,044 ($) 2-year Change in Home Value: $30,341 (%) 2-year Change in Home Value: 13.75% 8. Scottsdale December 2021 Home Value: $813,502 December 2023 Home Value: $927,627 ($) 2-year Change in Home Value: $114,125 (%) 2-year Change in Home Value: 14.03% 7. Bisbee December 2021 Home Value: $182,576 December 2023 Home Value: $208,635 ($) 2-year Change in Home Value: $26,059 (%) 2-year Change in Home Value: 14.27% 6. Cave Creek 5. Nogales December 2021 Home Value: $175,563 December 2023 Home Value: $201,825 ($) 2-year Change in Home Value: $26,262 (%) 2-year Change in Home Value: 14.96% 4. Paradise Valley December 2021 Home Value: $2,814,087 December 2023 Home Value: $3,245,650 ($) 2-year Change in Home Value: $431,563 (%) 2-year Change in Home Value: 15.34% 3. Yuma December 2021 Home Value: $251,671 December 2023 Home Value: $291,743 ($) 2-year Change in Home Value: $40,071 (%) 2-year Change in Home Value: 15.92% 2. Somerton December 2021 Home Value: $215,999 December 2023 Home Value: $255,753 ($) 2-year Change in Home Value: $39,754 (%) 2-year Change in Home Value: 18.40% 1. San Luis December 2021 Home Value: $190,383 December 2023 Home Value: $232,830 ($) 2-year Change in Home Value: $42,447 (%) 2-year Change in Home Value: 22.30%