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If you are looking to purchase some property in Arizona, youll want to avoid these cities.
Additionally, the citys population has been declining since 2020, with a 1.5% decrease in population.
Luxury markets are often the first to suffer in economic downturns, leading to price drops.
This also means that the buyer pool is extremely limited.
To cap it all off, the entry costs are much higher than you might anticipate.
High property prices make it difficult for investors to get a good return on investment, Claus said.
Additionally, Bullhead Citys population has been declining since 2020 (1.2% decrease).
Kingman
Simchi stated that Kingmans average home value is one of the lowest in Arizona.
Kingmans economy is struggling due to the decline of the Route 66 tourist industry, Simchi said.
Average home values are according to Zillow and accurate as of July 15, 2024.
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