Arizona cities with the fastest-growing home prices include Flagstaff, Sierra Vista-Douglas, Show Low, Tucson, Lake Havasu City-Kingman, Prescott Valley-Prescott, Phoenix-Mesa-Chandler, Safford, Nogales, and Payson. Typical home values range from around $155,000 to over $3.5 million, with 1-year price increases up to 17.1% and 5-year gains reaching 64.2%, indicating strong growth in both short- and long-term housing markets.