How to buy a home in Phoenix or Maui with real estate from Movoto Real Estate
Phoenix and Maui are both in the market for new real estate.
The two areas are popular for people looking to buy property in both states.
In the Phoenix area, home prices have been on the rise for the past few years.
As of October 2020, the median house price in Phoenix was $1.9 million.
That number was up 1.3 percent over the same period in 2020.
Meanwhile, Maui is home to the most affordable housing in the state.
The median home price in Maui was $4,600, up 0.3 percentage points over the last five years.
That increase has been especially notable in the past year, as Maui experienced a major housing shortage in the summer of 2019.
In addition to housing, many people have been attracted by the fact that the area is also home to several of the top tech companies in the world.
The average salary in Phoenix is $75,000, which is well above the national median salary of $49,000.
While Phoenix is home more to tech workers, the region is also a hotbed for entrepreneurs.
In 2020, over 8,000 entrepreneurs applied to open a Maui office.
As for Phoenix, there are many real estate options for buyers looking to save money.
While it may seem like the cheapest real estate market in the country, many are looking for lower-cost options.
Here are some of the cheaper homes in Phoenix and elsewhere that are perfect for people with a budget.