The Best Value Properties in Scottsdale, AZ

☕️ 4 min read By Noah Blumberg

The Phoenix area is mentioned in every real estate list you can imagine: Hottest Real Estate Markets, Most Competitive Rental Markets, Most Popular Places, Best Places to Invest, etc. According to WalletHub's Best Real-Estate Markets, out of the 300 cities evaluated, there are 7 Phoenix area cities in the top 60. Today we're looking at the best value real estate properties currently for sale in Scottsdale, Arizona, but if we wanted an interesting nearby market we could have also looked at Tempe, Chandler, Gilbert, Mesa, Surprise, Peoria, or Phoenix itself.

Plentiful Good Jobs and Rising Prices

Prices in the Phoenix area, along with Austin, TX, grew more than any other area in the country in 2021. In 2022, Zillow expects prices to continue to grow but at a pace that should make Phoenix only the 8th fastest growing city instead of in the top 2. Realtor puts specific numbers to the 2022 outlook for the Phoenix area, predicting that real estate property prices will increase 6.8% as compared with over 20% in 2021.

Both PricewaterhouseCoopers and Zillow predict growth in the number of jobs in Phoenix which should in turn continue to help property values as workers compete for housing. Zillow also warns of Phoenix being a market that correlates strongly with the stock market, so a drop in the market could mean a slow down in real estate property price growth as well.

Strong job growth, particularly in tech, has multiple corresponding effects. As the population grows and real estate property prices go up, people get priced out of the buying market and demand for rentals increases. Consequently, Phoenix is one of the most competitive rental markets in the U.S. If you can get a rental property at a reasonable price, you're likely to have it rented as the vacancy rate is 5.4%. A forecast of robust appreciation and rentability makes it a great place to invest.

The Properties

Property #1 really stands out for its price which is just a fraction of the price for other properties on our list. You'd expect it to be in need of work given the price, but it appears to be move-in ready. Property #9 is one of the few single family homes near the top of the list. At just under a million dollars, you get a large 3000+ square foot home with 5 bedrooms in a contemporary pueblo revival style.

It's striking how many condos made the top of our ranking list. In this case, hoa payments are very reasonable which affects a property's score. It appears that buildings are cheaper to maintain in Arizona, perhaps due to limited vegetation and a dry climate.

Reading Resources

Here are the top 25 properties. To see them all or get a list for another city, order a custom list!
Median List PriceMedian SqftMedian Lot Size(SqFt)Median HOA Fee
$1,604,9953,1199,518$679
Score**PropertyZipX**TypeBedsSqFtLot Size(sqft)Price
47.06

8221 E Garfield St Unit L107
1.00condo21001N/A$141,000
31.01

27440 N Alma School Pkwy Unit 131
1.03condo433042,902$230,000
29.54

27440 N Alma School Pkwy Unit 34-5
1.03condo43272N/A$224,000
26.15

27440 N Alma School Pkwy Unit 37-5
1.03condo43272N/A$255,000
21.64

4515 N Phoenician Pl Unit 7706
1.00condo218471,781$100,000
21.16

27440 N Alma School Pkwy Unit 29-1
1.03condo329172,849$230,000
20.53

27440 N Alma School Pkwy Unit 139
1.03condo327712,849$225,000
20.39

6000 E Camelback Rd Unit 7707
1.00condo324321,524$300,000
11.45

28517 N 146th Pl
1.03single family5360754,450$950,000
11.44

16736 E Gloria Ln
1.03single family5374990,276$1,125,000
10.71

3313 N 68th St Unit 245
1.00condo1649755$229,900
10.71

3314 N 68th St Unit 135
1.00condo2932969$275,000
10.67

15030 E Chaparosa Way
1.03single family122610875,858$5,295,000
10.07

29215 N 136th St
1.03single family5601749,602$1,700,000
9.88

15514 E Milton Dr
1.03single family4302543,564$789,900
9.78

4354 N 82nd St E Unit 171
1.00condo1790827$260,000
9.57

14155 E Carefree Hwy
1.03single family4233154,450$673,900
9.57

16244 E Skinner Dr
1.03single family4233154,450$673,900
9.53

14021 E Carefree Hwy
1.03single family4231154,698$673,900
9.53

14037 E Nightingale Star Dr
1.03single family4231154,698$673,900
9.53

16236 E Skinner Dr
1.03single family4231154,698$673,900
9.52

16220 E Skinner Dr
1.03single family4231154,450$673,900
9.52

34514 N 142nd St
1.03single family4231154,450$673,900
9.08

32308 N 138th St
1.03single family1280583,704$1,675,000
8.96

14041 E Carefree Hwy
1.03single family4233143,564$673,900
*This table shows only few basic data points. Rankings are based on 22 data points and 7 calculations per property.**Find explanations of ZipX aka zip multiplier and Score here.