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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Queen Creek, AZ Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Queen Creek, AZ Housing Market Trends

With a population of 70,734, 18,954 total housing units (homes and apartments), and a median house value of $692,282, Queen Creek house prices are not only among the most expensive in Arizona, Queen Creek real estate also is some of the most expensive in all of America.

Queen Creek is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Queen Creek than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Queen Creek. Owner-occupied housing accounts for 88.38% of Queen Creek's homes, and 70.27% have either three or four bedrooms, which is average sized relative to America.

Queen Creek homes and real estate are some of the newest in America. 90.69% of Queen Creek's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Queen Creek real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 8.20%), and between 1940-1969 ( 1.11%).

Queen Creek Home Appreciation Rates

In the last 10 years, Queen Creek has experienced some of the highest home appreciation rates of any community in the nation. Queen Creek real estate appreciated 142.40% over the last ten years, which is an average annual home appreciation rate of 9.26%, putting Queen Creek in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Queen Creek definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Queen Creek's appreciation rate, at 5.83%, has been at or slightly above the national average. In the latest quarter, Queen Creek's appreciation rate has been 1.82%, which annualizes to a rate of 7.49%.

Relative to Arizona, our data show that Queen Creek's latest annual appreciation rate is higher than 50% of the other cities and towns in Arizona.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Queen Creek differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Queen Creek - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Queen Creek real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$692,282

Queen Creek, AZ Home Prices
> $1,424,000
$1,068,001 - $1,424,000
$712,001 - $1,068,000
$570,001 - $712,000
$427,001 - $570,000
$285,001 - $427,000
$142,001 - $285,000
$71,001 - $142,000
$0 - $71,000
3.1%
3.1%
9.5%
9.5%
32.7%
32.7%
20.0%
20.0%
19.7%
19.7%
9.4%
9.4%
2.1%
2.1%
0.3%
0.3%
3.3%
3.3%
0% 100.0%
% of Homes
Very High

for Arizona

Very High

for nation

Number of Homes And Apartments:

18,954

Queen Creek Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,371 / per month

Homeownership Rate

Owners
Renters
88.4%
88.4%
11.6%
11.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.9%
4.9%
95.1%
95.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
90.7%
90.7%
8.2%
8.2%
1.1%
1.1%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
94.5%
94.5%
1.5%
1.5%
0.4%
0.4%
2.8%
2.8%
0.8%
0.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
0.6%
0.6%
10.2%
10.2%
34.2%
34.2%
36.1%
36.1%
18.5%
18.5%
0% 100.0%
% of Homes