Green Homes for Sale in Arizona | ZeroDown (2024)

FAQs

Why is property in Arizona so cheap? ›

Location: Arizona is located in the southwestern United States, which is a less densely populated region than the coasts. This can make it more difficult to sell land in Arizona, as there is less demand for it.

Plus, the Arizona housing market is becoming less competitive, which is good news for buyers. Redfin reports that homes selling for over the asking price in Arizona fell 36% year-over-year while the average amount of days on the market have more than doubled from 21 days to 58 days (March 2023).

Because the ground doesn't freeze in Phoenix, you only have to dig 18 inches below the surface to pour concrete footing for a house.

In Arizona, contractors need a building permit to construct a new house. Construction or building permits are legal documents that authorize the house-building process. The permit costs and building codes vary per county.

1. New Kingman-Butler. At the top of our list is New Kingman-Butler, the most affordable city in Arizona. Although this is a small town, it borders Kingman, which has a larger population and more amenities.

Like any location, Arizona has it's issues. Downsides of living in Arizona include: extreme summer heat, dry desert climate, limited public transportation, and potentially dangerous wildlife encounters with scorpions, rattlesnakes, and other desert creatures.

Here are some general FHA loan requirements for Arizona. A credit score of 580 or higher: A lender may accept credit scores of 500-579 under certain conditions. A credit score lower than 580 will require a larger down payment. Minimum of two years employment: Must have verifiable, steady, and consistent income.

Both states are among the top in the U.S. for drawing new residents, but overall Florida is more affordable. The median price of an Arizona house was $434,300 in July, according to the latest data from real estate brokerage Redfin. Florida's median home price was $404,100.

Simply because they aren't necessary in the desert. The primary reasons that homes have basem*nts just don't apply. Arizona rarely has tornados, so it wouldnt be necessary as a storm shelter. Half or more of the state doesn't have issues with a freeze/thaw cycle requiring a foundation below the frost line.

Are home prices dropping in AZ? ›

Arizona Housing Market Overview

What is the housing market like right now? In February 2024, home prices in Arizona were up 8.0% compared to last year, selling for a median price.

For starters, it's kind of a cultural-historical thing. In cities such as Santa Fe or Tucson, where there was a strong Spanish influence, there were walls. They were for the protection of livestock or for safety, but they were low walls that you could see over.

Building a 2,000 square foot home in Arizona can cost around $300,000 to $400,000 on average. The total expense depends on various factors such as location, materials used, labor costs, and additional features.

In order to afford any median-priced home in the area, you'll need to make $121,368 (as of October 2023). Nationwide, you need an income of $75,849 to afford a typical starter home, which costs an average of $240,000.

T here's no question that land in Arizona is an attractive investment in today's market. Whether people are looking for rural property to develop a ranch or zones near cities like Phoenix for property development, there are many attractive features attached to AZ land.

Arizona goes easy on your wallet in a few key ways. The property taxes are reasonable at just 0.63 percent on average. The effective state income tax rate is low at 2.59 percent (compared to 4.55 percent nationally). Arizona also doesn't tax Social Security benefits or most pension income.

Like any location, Arizona has it's issues. Downsides of living in Arizona include: extreme summer heat, dry desert climate, limited public transportation, and potentially dangerous wildlife encounters with scorpions, rattlesnakes, and other desert creatures.

For land investors, Arizona's stellar job growth and economic prospects signal strong demand for commercial and residential developments in the future. Buying land in growth corridors today means huge appreciation as local economies continue expanding.