Homes For Sale In Peoria AZ 85382
Homes for sale in Peoria AZ 85382 are some of the most desirable in the state. Peoria Arizona has doubled in population over the past decade to move into the top 10 largest cities in the State of Arizona, yet Peoria’s housing prices haven’t exploded. The median sale price for homes ranges from just under $240,000 on Zillow to around $265,000 on Realtor.com, which makes homes for sale in the 85382 zip code competitive among Phoenix area suburbs.
The city’s demographics are also appealing. The median income for the city is just over $62,000, and 81 percent of the city’s 160,231 residents are homeowners and only 25 percent are single. The Peoria Unified School District received an overall A grade from Arizona Report Cards, with a graduation rate of 93 percent and attendance rate of 96 percent. Twelve of its schools have Great Schools ratings of 8 or better. The crime rate is 38 percent lower than the average of all Arizona cities, and its cost of living index is right at the state average.
Homes For Sale In 85382
The city is home to the Peoria Sports Complex, the spring training home of the San Diego Padres and Seattle Mariners. Money magazine listed Peoria Arizona among its Top 100 Places to Live in July 2008, and it rates among the top suburbs in the Phoenix metro area. It is also an ethnically diverse city, with almost 20 percent of its residents made up of people of Hispanic or Latino origin. As you can see, homes for sale in 85382 make a great purchase, as this is a great place to put down stakes.
Houses for sale in zip code 85382 have seen their value go up 6.4 percent over the past year, and Zillow predicts a 2.5 percent rise by October 2017. The median list price per square foot for homes for sale in the 85382 zip code is $133, lower than the Phoenix metro area average of $140. The market for homes for sale in Peoria AZ 85382 is considered stable.
Among the top neighborhoods with homes for sale in Peoria AZ 85382 are Melton Ranch, Camino Lago, Alta Vista Estates, and Camino Lago South. Listing prices for homes in these neighborhoods range from $235,000 to $470,000. La Strada Del Lago and Montana De Oro Ranch are upper-end neighborhoods with homes for sale in the 85382 zip code, with homes valued at more than $1.2 million. The vast majority of homes for sale in Peoria 85382 are single-family homes that were built in the last 20 years.
This is an opportune time to buy a house in Peoria AZ. If you’re investing money in bonds or money market accounts, record-low interest rates are a drag, but if you’re wanting to purchase a home for sale in the 85382 zip code, take advantage now. Buying a home priced at $250,000, which is close to the city’s median price, putting 5 percent down (or $12,500), means an average payment of $1,518 per month on a 30-year mortgage at the current 3.5 percent interest rate. But those rates aren’t going to last much longer. Each one-point increase in the mortgage interest rate costs you another $130–$140 per month. So why wait to buy Real Estate Peoria AZ? Take advantage of record-low rates and look at these homes for sale in Peoria AZ 85382.