Tucked under the Arizona sun, Peoria is a surprising contender in the real estate investment game. Peoria is a charming city with a potent mix of affordability, growth potential, and a vibrant quality of life.
While the real estate market in Arizona sizzles, Peoria offers a refreshing respite from the state's skyrocketing prices. The median home price in Peoria is just a fraction of the home prices in Phoenix. Average rent here exceeds $1,600, which for investors means a healthy, lucrative yield.
Technology giants like Honeywell and Banner Health drive the economic engine that attracts a skilled workforce and young families, ensuring a steady demand for housing. But, Peoria isn't a one-dimensional desert town. It offers something for everyone. Nature lovers flock to the 23,000-acre Lake Pleasant Regional Park, an oasis for boating, fishing, and camping. Families are drawn to the city's top-rated schools and abundant parks. Foodies savor the up-and-coming culinary scene, while sports enthusiasts have the opportunity to cheer for the Peoria Javelinas baseball team.
Upscale master-planned communities like Vistancia offer luxurious living, while charming historic neighborhoods exude character. This variety affirms that Peoria will continue to cater to a broad range of renters and buyers, maximizing your investment potential.