Why 4 Phoenix Suburbs Are Among America’s Most Affordable Cities in 2025

By Jeff Hernandez, Realtor & Attorney — The Connie Colla Group at RETSY

If you’ve been thinking about buying a home in Arizona—or relocating within the Valley—you’ve probably asked yourself: Where can I still find affordability without sacrificing quality of life? You’re not alone. With interest rates, rising costs, and inventory shifts, finding the right place at the right price feels more challenging than ever.

In this guide, we’re diving into four Phoenix-area suburbs—Goodyear, Peoria, Surprise, and Chandler—that were recently ranked among the 20 most affordable and fast-growing cities in America. You’ll learn what makes each city stand out, what the latest data reveals, and why these places are drawing attention nationwide.

As an Arizona Realtor based in Scottsdale and a real estate attorney, I’ve helped hundreds of clients navigate big decisions like these. I’m not just sharing headlines—I’m giving you a perspective you can trust, backed by legal and real estate experience you won’t find on a typical blog.

Phoenix’s Housing Market

This year 2025, the Phoenix metro area has become one of the most dynamic real estate markets in the country.

But here’s the twist: despite rising demand and growth, some Phoenix suburbs remain surprisingly affordable—and they’re gaining national attention.

A recent report by GOBankingRates ranked Goodyear, Peoria, Surprise, and Chandler among the 20 most affordable U.S. cities to live in this year. As someone who’s spent decades negotiating contracts and analyzing deals, I can tell you: when affordability meets growth, it’s a signal worth paying attention to.

What Makes a City “Affordable”?

Before we dive into the neighborhoods, let’s clarify what “affordable” actually means in 2025.

The study evaluated cities with:

• A population over 100,000
  
  
• 1-year and 5-year population growth above the national average
  
  
• Rent or mortgage costs below the national average
  
  

They used data from sources like the U.S. Census Bureau and the Bureau of Labor Statistics, covering 2018–2023.

From a practical standpoint, affordability today doesn’t mean cheap—it means achievable, especially when paired with job growth, infrastructure, and long-term value. That’s what makes these four Phoenix suburbs worth considering.

1. Goodyear, Arizona – Where Growth and Lifestyle Meet

National Rank: #2

Goodyear has long flown under the radar, but it’s having a moment.

Recent data shows the average rent in Goodyear is around $1,663/month, and the median home value is approximately $479,990, which is competitive considering its rapid growth and amenities. With a population that has grown from 65,495 in 2010 to 121,00 in early 2025, Goodyear continues to attract families, professionals, and retirees.

What I love about Goodyear? It’s the balance. You can hike the Estrella Mountains in the morning, stop at a local brewery in the afternoon, and still be home in time to grill with your family.

2. Peoria, Arizona – A Family-Friendly Favorite with Rising Appeal

National Rank: #14

Peoria offers a high quality of life and accessibility. While recent stats show Peoria median home value is $459,372, which is higher than the national average of $370,489. Rental rates average $1,447 per month, and commute times are under 30 minutes.

It offers:

• Award-winning schools
  
  
• A growing arts and entertainment district
  
  
• Lake Pleasant nearby for weekend escapes
  
  

Local Insight: If you’re looking for a home where your kids can safely ride bikes in the street, where neighbors know your name, and where resale value is strong, Peoria is one of my top recommendations.

3. Surprise, Arizona – A Rising Star for Smart Homebuyers

National Rank: #16

Surprise blends affordability with a laid-back lifestyle. Average rent is around $2,151 per month, and median sold price for homes was $433,852. Surprise is one of the few Phoenix suburbs where budget-conscious buyers can still find well-maintained properties with space to grow.

WalletHub recently named Surprise as one of the best cities for budget-conscious buyers, and new developments are consistently being approved to meet growing demand.

Personal Note: I’ve represented several clients here—from grandparents downsizing to professionals relocating from California—and they’ve all said the same thing: "We didn’t think we could live this well for this price."

4. Chandler, Arizona – A Tech Hub That Still Delivers Value

National Rank: #18

Chandler continues to shine as a business and tech hub, with strong employment opportunities and infrastructure. Median home value is $535,321, and average rent is around $1,532 per month. While not the cheapest, it offers excellent value for professionals seeking a mix of career growth and lifestyle perks.

Think of it as Phoenix’s version of Austin—but more livable and less hyped.

Why It Matters: Affordability here isn’t about today—it’s about value retention, strong job growth, and community infrastructure.

Updated Snapshot: Phoenix Suburb Affordability Comparison (Mid-2025)

Let’s Talk Supply & Demand (and Why It Matters)

According to recent research, the Phoenix metro needs 10,000 new housing permits annually to meet demand for 50,000 homes by 2030. But permit approvals are lagging by thousands, especially in high-growth suburbs. That’s creating upward pressure on pricing—and it’s why acting now may still give buyers a window of opportunity.

Final Thoughts

Arizona's real estate landscape is changing quickly. While some areas across the country are becoming less attainable, these four Phoenix suburbs still offer a chance to own a home that fits your lifestyle and your budget. But that window won’t stay open forever. With rising demand, limited housing permits, and a growing population, waiting too long could mean paying more—or missing out entirely.

Whether you're buying your first home, upgrading for more space, or planning your retirement move, the time to explore your options is now. The right opportunity may already be out there waiting for you.

At Jeff Hernandez, Esq., Scottsdale Real Estate Agent & Attorney, we combine decades of legal experience with local real estate expertise to help you make well-informed, confident decisions. If you want guidance from someone who understands both the real estate market and the legal landscape that comes with it, let’s talk.

Call me today at 602-550-1114 to start the conversation.