The Southwestern region of the United States is so jam-packed with natural wonders and cultural attractions; it’s hard to know where to start. Some would say you should begin to wherever your imagination goes when picturing a pink sunset over Monument Valley or contemplating the vastness of an expansive desert landscape. Others would say you can’t miss the heart-stopping Grand Canyon National Park or unifying Four Corners Monument. From bustling urban areas to spectacular mountain ranges, this region of the country offers something for everyone.
When you’re ready to move outside the city and into rural areas, the Southwestern region of the United States has a rich assortment of options available. From desert lands to mesas, waterfalls, and rivers, the Southwest region encompasses many states – New Mexico, Arizona, and Texas. It’s time to get out there and explore the real estate opportunities that this part of the country has to offer!
Arizona
Arizona is known for its dreams, whether it’s an investor’s dreams of profit or a couple’s dreams of their future home. It is ranked as the 14th most populous state in the country. Whether it’s the heat, the history, or the quirky environment, there’s something about Arizona that makes people feel at home. Home to a whopping 6.8 million residents, the area is well-known for its desert landscapes and mild climate. While the cost of living is steadily increasing, so are the salaries throughout Arizona; in fact, Phoenix was recently ranked among the top five markets with a hefty salary.
Some Leading cities which you can consider for Investments or living, so let’s have a look;
- Tucson
- Phoenix
- Flagstaff
Tucson
Tucson – the sunny desert community that is one of the best places for you and your family. It is surrounded by stunning, unique scenery, busy cities serving fantastic restaurants and nightlife, nature preserves rich with flora and fauna, and historic towns filled with character. This culturally diverse metropolitan area boasts all you need to help you live life on your terms: from good jobs, plentiful universities, schools from pre-school through college, plenty of shopping, recreation, and events – whatever lifestyle you choose, we’re the perfect place to raise a family.
Statics:
Home Price: $168,000
Middle Rent: $1,150
Middle Household Income: $43,000
Homeowners: 68%
Middle Age: 38
Educational Systems: Above National Average
Phoenix
Phoenix, Arizona, is a major metropolis in the Southwestern United States and home to one of the nation’s fastest-growing job markets. Phoenix is a fast developing city that many are moving to because of its beautiful views, affordable living, and renowned school systems.
Statics:
Middle Home Price: $204,000
Average Rent: $1,350
Average Household Income: $43,150
Home Owners: 61%
Median Age: 33
School Systems: Above National Average
Flagstaff
Flagstaff is one of the most beautiful cities and offers a high quality of life. Flagstaff has grown to be one of the largest cities in northern Arizona, but it remains relatively close-knit. It is also one of the safest towns in the north of Arizona.
Statics
Average Home Price: $310,000
Average Rent: $1,850
Average Household Income: $49,765
Homeowners: 63%
Median Age: 35
School Systems: Above National Average
New Mexico
Just over 2 million residents in a hundred towns stretching from the Chihuahuan Desert to the Sangre de Cristo mountain range call New Mexico home. With a housing market revival increasing the median sale price to $190,000 and monthly rents to $915, if you’re looking to relocate to the great state of New Mexico, there are a few big cities in N.M. to check out with slightly different real estate figures.
- Carlsbad
- Albuquerque
- Farmington
Carlsbad
Whether you’re looking to buy a home, sell a house, or both, Carlsbad is the right place.
Statics
Average Home Price: $186,304
Average Rent: $1,200
Average Household Income: $48,120
HomeOwners percentage : 77%
Median Age: 37
School Systems: Elementary: Above National Average
Middle/High: National Average
Albuquerque
Albuquerque is a place of new beginnings. Between its stunning scenery, affordable housing, quality school systems for all ages, and area attractions, Albuquerque is an ideal location for any person starting a new life.
Statics
Average Home Price: $252,260
Average Rent: $1,250
Average Household Income: $47,602
Home Owners: 72%
Median Age: 39
School Systems: Above National Average
Farmington
Farmington is a city appealing to families of all ages, featuring a balanced mix of affordability and quality homeownership.
Statics
Average Home Price: $219,300
Average Rent: $1,200
Average Household Income: $56,250
Home Owners: 73%
Average Age: 35
School Systems: National Average
Texas
Texas is known as “The Lone Star State,” with over 27 million people in the state housing an estimated 100,000 median homes. Homeowners can expect to pay 1,166 a month while renters pay closer to 650, respectively. Home prices could dramatically rise or fall depending on your city of choice. If you are looking for the real estate trend in Texas, a few big cities in Texas are to check out with slightly different real estate figures.
- Dallas
- San Antonio
Dallas
Average Home Price: $848,120
Average Rent: $1,650
Average Household Income: $41,765
Homeowners: 55%
Median Age: 33
School Systems: Above National Average
San Antonio
Median Home Price: $278,980
Median Rent: $1,400
Median Household Income: $42,431
Homeowners: 65%
Median Age: 34
School Systems: Above National Average
