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Cities With the Fastest-growing Home Prices in Arizona

May 26, 2026

Home prices in Arizona continue to rise amid limited housing supply and higher mortgage rates, with typical values varying widely across cities. The Phoenix-Mesa-Chandler metro area shows some of the highest home values and significant 5-year growth, including a $3.5 million typical home with an 84.1% increase over five years. Other cities like Lake Havasu City-Kingman and Prescott Valley-Prescott also report notable price gains.

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