Buckeye Ranked 6th In Arizona For Home Ownership

Dated: 04/30/2014

Views: 901

A consumer-advocacy website recently named Buckeye the sixth-best location in Arizona for home ownership based on population growth, availability and affordability.NerdWallet, a company launched in 2009 by a former hedge-fund analyst, awarded Buckeye an overall score of 73.7, while Maricopa recorded the highest rating of 85.5.Buckeye has a home-ownership rate of 70 percent and had a population growth of 2.7 percent between 2010 and 2012, according to NerdWallet.

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Buckeye Mayor Jackie Meck supports the study and said the numbers reported by NerdWallet were very similar to those obtained by the city. Meck said the most important statistic is the growth of the community."We are working to build infrastructure and jobs for the future generations, and we want to let everyone know Buckeye is open for business," Meck said. "The NerdWallet study is just one more resource showing Buckeye's potential to grow and be a great investment to anyone planning on moving to our city."

According to the study, Buckeye has a median monthly homeowner cost of $1,481, a median monthly household income of $5,785 and a median home value of $149,100.
Compared with other top-10 cities, Buckeye has a similar household income, lower average homeowner costs and the lowest rate of population growth.

Other ranked communities included Maricopa, San Tan Valley, New River, Sahuarita, Queen Creek, Marana, Anthem, Green Valley and Goodyear.
NerdWallet is a consumer-advocacy website that provides business and finance information. It has been featured on "CNNMoney," the Wall Street Journal and theNew York Times.

Article by Nick Shively, Special for The Republic | azcentral.com11:22 a.m. MST April 15, 2014
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