Top 3 Affordable Suburbs in Phoenix Metro for 2024: Buckeye, Maricopa, and Goodyear

Suburban living is a popular choice for families and individuals seeking more space, access to amenities, and proximity to major urban areas — all while avoiding the higher costs associated with city life. In recent years, the housing market has been shifting, and the pandemic highlighted the need for affordable housing options in suburbs with strong growth potential. For homebuyers looking to settle down in one of the country’s top suburbs, finding an affordable location is key to long-term financial stability and investment growth.

A new study recently analyzed several key factors, including population growth between 2020 and 2022 and the median home values in July 2024. The study focused on suburbs with a population increase of 9% or more, ensuring that each location not only has affordable housing but also shows signs of continued expansion and economic growth.

Arizona emerged as a standout in the study, with three cities ranked among the 50 most affordable suburbs in the U.S., highlighting its appeal to those seeking both affordability and long-term investment potential. Let's take a closer look at the three Arizona cities that made the list, along with some of their popular communities and neighborhoods.

1. Buckeye, AZ (#3 on the List)

Ranked third among the 50 most affordable suburbs in the U.S., Buckeye is one of the fastest-growing cities in the country. Located just 35 miles west of downtown Phoenix, it offers a perfect balance of suburban charm and easy access to urban amenities. Buckeye’s rapid growth is fueled by a strong housing market, extensive development, and infrastructure improvements. The city boasts affordable homes with prices well below the state’s average, which makes it attractive for first-time homebuyers, young families, and retirees alike.

Addtionally, Buckeye has earned the title of the No. 1 city in America for homeownership, standing out as a top destination for those looking to settle down. 

Buckeye is known for its family-friendly environment, with many parks, community centers, and family-oriented activities. The city is home to Skyline Regional Park, a popular destination for hiking, biking, and other outdoor activities. Buckeye also hosts several community events throughout the year, fostering a close-knit, small-town feel. Additionally, the area is seeing rapid economic development, with new retail, dining, and commercial projects continuously being added, making it an appealing option for long-term investment.

Popular Communities in Buckeye:

• Verrado: One of Buckeye's most sought-after communities, Verrado offers a small-town charm with tree-lined streets, neighborhood parks, and a Main Street district featuring shops, restaurants, and services. The homes here range from affordable options for first-time buyers to luxury homes.

• Teravalis: A new master-planned community in Buckeye, Teravalis will offer diverse housing, parks, trails, and open spaces. With easy access to shopping, dining, and schools, it's ideal for families, retirees, and professionals seeking affordable, high-quality living.

• Sundance: Another master-planned community, Sundance is known for its golf course, affordable housing, and proximity to shopping and dining options. It's a popular choice for both families and retirees.

• Tartesso: This growing neighborhood offers newer homes at competitive prices, with plenty of parks, walking trails, and community events, making it an excellent choice for families.

• Population Growth (2020-2022): Over 9%

• Median Home Value (July 2024): Below $500,000

• Key Amenities: Skyline Regional Park, easy access to I-10, and new retail developments

2. Maricopa, AZ (#7 on the List)

Located about 35 miles south of Phoenix, Maricopa has rapidly transformed from a small agricultural town into one of the fastest-growing cities in Arizona. Maricopa has retained its small-town charm while offering modern amenities and affordable housing, making it a prime spot for families, retirees, and professionals commuting to Phoenix or surrounding cities.

In Maricopa, you’ll find a variety of affordable housing options, from single-family homes to new developments offering the latest in modern design and energy efficiency. The city is known for its quiet neighborhoods, well-maintained parks, and family-oriented activities. It’s also a hub for outdoor enthusiasts, with access to nearby lakes, golf courses, and hiking trails. Maricopa’s growing commercial sector includes several new shopping centers, restaurants, and entertainment options, providing residents with convenient access to everyday necessities without needing to travel far.

Popular Communities in Maricopa:

• Rancho El Dorado: A large master-planned community that’s home to The Duke Golf Course, this neighborhood offers a wide range of homes, from starter properties to more upscale options. It’s popular among families and golf enthusiasts alike.

• Province: This is a 55+ active adult community, offering resort-style living with a wide variety of amenities, including a clubhouse, pools, and fitness centers. Province is known for its lakes and scenic views.

• Tortosa: For homebuyers seeking more affordable options, Tortosa is a rapidly growing neighborhood with new developments, parks, and schools, making it ideal for families.

• Population Growth (2020-2022): Over 9%

• Median Home Value (July 2024): Below $500,000

• Key Amenities: Copper Sky Recreation Complex, nearby lakes and hiking, growing retail and dining options

3. Goodyear, AZ (#10 on the List)

As the tenth most affordable suburb in the country, Goodyear has emerged as one of the most desirable places to live in Arizona. Located west of Phoenix, Goodyear offers a mix of suburban and urban living, with plenty of recreational opportunities, shopping, dining, and entertainment options. This growing city is home to several new residential developments, and its proximity to major highways like I-10 and Loop 303 makes commuting a breeze.

Goodyear is known for its well-planned neighborhoods, excellent schools, and robust job market. The city’s proximity to Luke Air Force Base, healthcare facilities, and large employers in aerospace, retail, and manufacturing sectors makes it an attractive destination for both families and professionals. Goodyear also offers plenty of recreational options, including golf courses, parks, and sports facilities. The Goodyear Ballpark, the spring training home of the Cleveland Guardians and Cincinnati Reds, is a major attraction for sports fans.

Popular Communities in Goodyear:

• Estrella Mountain Ranch: This master-planned community is known for its scenic views, miles of walking trails, and access to two lakes. Residents also enjoy the Estrella Mountain Regional Park, which offers hiking, biking, and outdoor recreation.

• Palm Valley: Palm Valley is a family-friendly community with various home styles, nearby golf courses, parks, and excellent schools. It’s one of Goodyear’s most desirable neighborhoods for families and professionals.

• Canyon Trails: A more affordable community, Canyon Trails offers newer homes with easy access to shopping, dining, and entertainment. Its proximity to I-10 makes it convenient for commuters.

• Population Growth (2020-2022): Over 9%

• Median Home Value (July 2024): Below $500,000

• Key Amenities: Goodyear Ballpark, Estrella Mountain Regional Park, top-rated schools, growing job market

Why Arizona’s Suburbs Stand Out

Arizona’s suburban growth shows no signs of slowing down, and with these three cities among the most affordable in the country, the state has cemented its reputation as a prime destination for homebuyers seeking a balance between affordability, quality of life, and investment potential. Whether you’re looking to relocate for work, family, or a change of scenery, these cities offer some of the best opportunities to own a home in a growing community. Each city provides a unique blend of amenities, proximity to major urban centers, and attractive home prices, making Arizona one of the most appealing states for suburban living.

Conclusion

Arizona’s real estate market continues to offer affordable and expanding suburban areas for potential homeowners. Buckeye, Maricopa, and Goodyear each provide unique opportunities for buyers looking to settle in regions with strong growth prospects. With rising populations and accessible home values, these cities are ideal for those seeking long-term investment opportunities in vibrant, thriving communities.

If you're considering a move to Arizona, now might be the perfect time to explore these affordable suburbs and the opportunities they offer. Interested in learning more about these cities or exploring others to find the best fit for you? Reach out today to discover which Arizona community makes the most sense for your lifestyle and investment goals.