Buckeye, Arizona: The Nation’s Leading City for Affordable Homeownership in 2024

In the heart of the West Valley lies a city that has quietly risen to the top of the national charts: Buckeye, Arizona. This vibrant community has earned the distinguished title of being the No. 1 city in the U.S. for homeownership, a remarkable achievement that speaks to its unique appeal and growing reputation as a homeowner’s paradise.

Buckeye, Arizona: Where Homeownership Thrives

At a time when many Americans are weighing the pros and cons of renting versus buying, Buckeye stands out as a beacon for those who prioritize owning their home. According to recent data from the U.S. Census Bureau, an impressive 85.8% of Buckeye’s residents are homeowners—a figure that outpaces every other city in the nation. This milestone is not just a statistic; it’s a reflection of Buckeye's commitment to providing a community where residents can truly plant roots and invest in their futures.

Why Buckeye, Arizona is Leading the Nation in Homeownership

1. A Sense of Stability and Security

   Homeownership is often associated with stability, and in Buckeye, that sentiment is particularly strong. The city’s high rate of homeownership is a testament to the security and long-term benefits that come with owning property here. Buckeye’s residents are not just buying homes; they are investing in a future that promises growth, community, and lasting value.

2. Affordable Living with Room to Grow

   Buckeye offers some of the most affordable housing options in the Greater Phoenix Metro area. This affordability, combined with the city’s rapid development, makes it an attractive destination for first-time homebuyers, young families, and retirees alike. The ability to purchase a home at a reasonable price, with the potential for future appreciation, has driven many to choose Buckeye as their forever home.

3. A Community Built on Ownership

   The pride of ownership is evident in every corner of Buckeye. From well-maintained homes to active neighborhood associations, the city’s residents take great pride in their properties and their community. This collective commitment to homeownership fosters a strong sense of community, making Buckeye a place where neighbors look out for each other and work together to create a welcoming environment.

4. Strategic Location with Big-City Access

   Buckeye’s location is another key factor in its homeownership success. While the city offers the peace and quiet of suburban living, it’s also conveniently located near major employment hubs in Phoenix and the surrounding areas. This proximity allows residents to enjoy the best of both worlds: the comfort of a close-knit community with easy access to job opportunities and entertainment.

5. A Promising Future

   Buckeye’s status as the top city for homeownership is not just a fleeting moment—it’s a sign of things to come. With ongoing development, an influx of new businesses, and a growing population, Buckeye is poised for continued success. For those considering buying a home in Buckeye, the city offers not only a great place to live but also a wise investment for the future.

The Rapid Growth and Appeal of Buckeye, Arizona

Buckeye isn't just the leading city in homeownership; it's also one of the fastest-growing cities in the United States. Over the past few years, Buckeye has consistently ranked as the fastest-growing suburb, reflecting its strong appeal to new residents. The city experienced a 53% population increase in just the last five years, largely due to its expansive land availability and low population density, which provides ample room for growth and development​ (Orion Investment Real Estate)​ (Point2 Homes).

Popular Communities in Buckeye, AZ

1. Verrado:

   • Description: Verrado is one of Buckeye’s most sought-after master-planned communities, known for its charming small-town atmosphere combined with modern amenities. The community offers a variety of home styles, tree-lined streets, and over 70 neighborhood parks. Verrado also boasts a vibrant Main Street district with shops, restaurants, and services, along with top-rated schools.
   • Highlight: Verrado Golf Club, with its two championship golf courses, is a major attraction for both residents and visitors.

2. Sundance:

   • Description: Sundance is a popular community in Buckeye that appeals to both families and retirees. It offers affordable housing options, including single-family homes and townhomes, making it a great choice for first-time homebuyers. The community is conveniently located near shopping, dining, and medical facilities.
   • Highlight: Sundance Golf Club, an 18-hole course, provides scenic views of the Estrella Mountains and is a favorite among local golfers.

3. Tartesso:

   • Description: Tartesso is a rapidly growing community in Buckeye, offering a range of new construction homes at competitive prices. It’s designed with families in mind, featuring several parks, playgrounds, and splash pads. Tartesso is also known for its active community events, fostering a close-knit environment for residents.
   • Highlight: The community’s extensive trail system is perfect for outdoor enthusiasts who enjoy hiking, biking, and nature walks.

4. Blue Horizons:

   • Description: Blue Horizons is a newer community in Buckeye, ideal for those looking for modern amenities and contemporary home designs. It offers a variety of single-family homes with energy-efficient features. The community includes multiple parks, sports courts, and walking paths, catering to an active lifestyle.
   • Highlight: Blue Horizons is located near the I-10 freeway, providing easy access to downtown Phoenix and other nearby cities.

5. Festival Foothills:

   • Description: Located in the northern part of Buckeye, Festival Foothills is a master-planned community that offers affordable living with stunning mountain views. The community is perfect for families, with an elementary school, parks, and recreational facilities within walking distance. Festival Foothills provides a peaceful retreat while still being connected to the amenities of the Greater Phoenix area.
   • Highlight: The community’s proximity to the White Tank Mountain Regional Park offers residents access to hiking, camping, and outdoor adventures.

The Build-to-Rent Trend in Buckeye, Arizona: A Stepping Stone to Homeownership?

While Buckeye is celebrated as the top city for homeownership, it's also a hotspot for the build-to-rent trend, which has gained significant traction across the U.S. Recently, Buckeye and the Greater Phoenix area have seen a surge in new build-to-rent communities, catering to residents who prefer renting a single-family home over purchasing one. This trend is driven by various factors, including high home prices, rising mortgage rates, and the convenience of rental living.

However, this build-to-rent movement may be more of a temporary phase rather than a permanent shift away from homeownership. Many experts suggest that as mortgage rates stabilize and potentially decrease, and as renters become more financially prepared, a significant portion of these renters will likely transition into homeowners. The cost differences between renting and buying are often minimal, especially when considering the long-term financial benefits of owning a home, such as equity building and tax advantages​ (RentCafe)​ (SimpleShowing).

Moreover, the appeal of owning a property remains strong, especially in areas like Buckeye, where homeownership is already the dominant choice. As more rental homes are built and occupied, it's expected that these properties will eventually transition from rental status to owned homes, particularly as rental agreements end and market conditions become more favorable for purchasing​ (Quinn Residences)​ (Redfin).

This potential shift highlights Buckeye's position not only as a leader in homeownership but also as a city that could see continued growth in property ownership as economic conditions evolve. Therefore, for those considering a move to Buckeye, the city offers not just rental opportunities but also a promising path to future homeownership.

Strategic Advantages in Buckeye, Arizona

Buckeye’s rise to the top is also fueled by its strategic location near Phoenix, the largest metropolitan area in the Southwest. This proximity offers residents easy access to major employment hubs while allowing them to enjoy the quieter, suburban life that Buckeye offers. Additionally, Buckeye’s cost of living remains relatively low compared to other cities in the Greater Phoenix Metro area, making it an attractive option for both new homeowners and investors​ (Orion Investment Real Estate).

A Bright Future for Buckeye, Arizona

The ongoing development and investment in Buckeye suggest a promising future for the city. With large-scale projects like the Trevalis master-planned community and a $20 billion data center campus underway, Buckeye is not only expanding but also enhancing its appeal as a top destination for both living and working​ (AZ Big Media).

Celebrating Achievement for Buckeye, Arizona

Being recognized as the No. 1 city in the U.S. for homeownership is a significant accolade for Buckeye. It’s a reflection of the city’s dedication to fostering a community where homeownership is accessible, affordable, and deeply valued. For current residents, this achievement reaffirms their decision to call Buckeye home. For potential homebuyers, it highlights Buckeye as a top destination to build a life and a future.

Buckeye, AZ FAQs

1. What Makes Buckeye, AZ, the No. 1 City for Homeownership in the U.S.?

• Buckeye has achieved this status due to its high homeownership rate, affordability, strategic location, and a strong sense of community. The city offers a unique blend of suburban tranquility with easy access to major urban centers, making it an ideal place for homeowners.

2. How Affordable Are Homes in Buckeye, AZ?

• Homes in Buckeye are some of the most affordable in the Greater Phoenix Metro area. With a variety of housing options available, from single-family homes to new developments, Buckeye caters to a wide range of budgets, making homeownership accessible to many.

3. Is Buckeye a Good Place for First-Time Homebuyers?

• Absolutely. Buckeye’s affordability, coupled with its rapid development and family-friendly communities, makes it an excellent choice for first-time homebuyers looking to establish roots and invest in their future.

4. What Are the Long-Term Benefits of Owning a Home in Buckeye?

• Owning a home in Buckeye offers several long-term benefits, including property value appreciation, a stable living environment, and the potential for building equity. The city’s continuous growth and development further enhance its appeal as a long-term investment.

5. How Does the Build-to-Rent Trend Affect Homeownership in Buckeye?

• While the build-to-rent trend is growing in Buckeye, many experts believe it’s a temporary phase. As economic conditions improve, many renters may transition to homeownership, further solidifying Buckeye’s status as a leader in homeownership.

6. What Future Developments Are Expected in Buckeye, AZ?

• Buckeye is set to experience significant growth, with large-scale projects like the Douglas Ranch master-planned community and a $20 billion data center campus. These developments are expected to attract more residents and businesses, boosting the local economy and enhancing the city's appeal.

7. How Does Buckeye Compare to Other Cities in the Greater Phoenix Area?

• Buckeye stands out due to its affordability, high homeownership rate, and strategic location. While other cities in the Greater Phoenix area offer similar amenities, Buckeye's unique combination of factors makes it the top choice for many homebuyers.

Conclusion

Buckeye, AZ, is not just leading the nation in homeownership—it’s setting the standard for what a thriving, homeowner-focused community should be. If you’re looking for a place where you can invest in your future, become part of a supportive community, and enjoy all the benefits of homeownership, Buckeye is the place to be.

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