The Queen Creek, AZ real estate market presents a promising opportunity for investors looking to capitalize on a growing and vibrant community. As of August 11th, 2023, Queen Creek boasts a median home price of $312,000 and a median rent of $1,358, making it an attractive location for both homebuyers and renters. With an unemployment rate of 3.5% and a population of 33,298 residents with a median age of 33.3, the town demonstrates economic stability and a youthful demographic.
For investors interested in purchasing property, single-family homes have shown a strong presence, with an average sale price of $722,450 and a 66-day average time on the market. Additionally, condo/townhomes have an average sale price of $479,900 with a quick 7-day market time. The town's housing market includes various options to suit different investment strategies.
When it comes to the rental market, Queen Creek offers opportunities for consistent rental income. The median rent is $2,350, with a range of $1,496 to $7,500. Rental demand is apparent, as reflected by an above-average market temperature, indicating rent 12% higher than the national median. With 192 rentals currently available, the market caters to various renters' needs.
Overall, Queen Creek's real estate market offers a combination of affordability, rental demand, and potential for long-term growth, making it an attractive destination for real estate investors.
PURE Property Management understands the unique opportunities and challenges that come with rental property investments in Queen Creek. Our expert property management Queen Creek AZ team can help you navigate the local market, find quality residents, and maximize your return on investment. Whether you're a seasoned investor or exploring rental property for the first time, trust PURE Property Management to be your partner in success.