Housing Value Trends
Housing value trends assist in illustrating the changes in land and home values relative to
market fluctuations. These fluctuations can be indicative of development activity or
inactivity as well as the location or migration patterns of populations. Table 2‐5 provides
the median housing value trends in the JLUS communities from 2000 to 2015.
Table 2-5 Median Housing Values Between 2000 and 2016
2010
Estimate
2016
Estimate
Number
Change
2000‐2016 Percentage
Change
Jurisdiction 2000
Census Arizona $121,300 $215,000 $176,900 $55,600 46%
Pinal County $83,900 $164,000 $142,200 $58,300 69%
City of Eloy $51,500 $80,800 $73,300 $21,800 42%
Town of
Florence $88,000 $118,200 $112,100 $24,100 27%
Town of Marana $134,500 $259,600 $220,200 $85,700 64%
Town of Queen
Creek $202,900 $319,600 $282,600 $79,700 39%
2000‐2016
Source: U.S. Census Bureau, 2000; 2006‐2010 American Community Survey 5‐Year Estimates;
2012‐2016 American Community Survey 5‐Year Estimates
Median housing values have experienced substantial growth throughout the JLUS Project
Area. These increasing values translate into higher rents and mortgages as well as an
increase in the cost of living for area residents.
2.4 Economic Baseline
Arizona
Mining and cattle‐raising were the principal economic activities in Arizona during the
territorial period. With the introduction of irrigation in the early 1900s, farming assumed
a greater importance. Improvements in transportation later in the 20th Century led to
the development of the manufacturing and tourism industries. Manufacturing, which has
grown rapidly since World War II, became the state's leading economic activity in the
1970s. Factors contributing to this growth included a favorable tax structure, available
labor, plentiful electric power, and low land costs. The major manufacturing centers in
Arizona are the Phoenix and Tucson greater metropolitan areas.
Background Report
2-21