Bill Gates & 4 Other Reasons Why Buckeye AZ Real Estate is Heating Up

Buckeye is the westernmost suburb in the Phoenix-metro area and lately it has been getting a ton of attention. With a population sitting just a little over 6,000 as recently as 2000, Buckeye is booming with an approximate population of 65,000 currently. But what’s all the fuss about? Here are four reasons Buckeye AZ real estate has become such a hot commodity in the Valley.

Buckeye AZ Real Estate: What’s Driving all of its Growth?

A mere 30 miles from downtown Phoenix, you may not be overly familiar with Buckeye, even if you have spent your whole life in the area. And even if you had spent some time in Buckeye in the past, you are not likely to recognize it unless you have been there very recently. Here are some of the big changes happening and increasing the popularity of real estate in that suburb.

Huge area

Weighing in at over 600 square miles, Buckeye’s potential for real estate development is not limited by available space in the same way that other Arizona cities are. For comparison’s sake, another West Valley city that has been growing considerably, Goodyear is only about 191 square miles. This gives unique opportunities to real estate investors looking to maximize their returns AND those looking for the perfect house with the perfect yard. There is still plenty of room left over for would-be employers to build all sorts of commercial and industrial complexes in Buckeye.

Bill Gates’ smart city in Tonopah

Belmont Partners (the investment firm of none other than Mr. Bill Gates) recently announced that it would be undertaking the development of a smart city just west of Buckeye in Tonopah. While it is under construction, Buckeye is a logical place for all of the people working on it to live. When it is complete, it is estimated that some 180,000 people will live there, meaning that Buckeye will no longer be the westernmost Phoenix suburb. Somehow I don’t think Buckeye residents will mind given the boost it is sure to give to all of their property values, especially in new housing developments.

A huge influx of master-planned communities

Speaking of new developments … Buckeye, AZ is home to some of the most coveted new neighborhoods (at some of the most affordable prices) in the entire Phoenix-metro area. With homes already occupied in communities like Verrado (one of the best-selling communities in the entire nation), Sundance, Tartesso and Festival Ranch, even more new houses are being planned in other communities that are currently at various phases of construction. The current affordability of Buckeye means that families and retirees alike can have brand new homes that are much larger in size than they could afford in other parts of the Valley. Luckily for them, their investment is likely to pay of financially too given all of the other reasons people are flocking to Buckeye.

New freeway increasing accessibility

One headache for people looking to reach Buckeye has been the traffic they have to fight during rush hours. But that will soon be a thing of the past. When the new Interstate 11 freeway is complete, a portion of it will run smack dab through the middle of the City of Buckeye. The freeway is sure to bring more commercial development, which in turn increases the number of jobs in Buckeye and the value of the city’s real estate. In fact, Buckeye is already seeing a positive impact from the new freeway.

Out-of-towners of another kind

In addition to being one of the fastest-growing cities in the country and plans for the nearby smart city, Buckeye has also made headlines because of another notable real estate transaction. A 3,500 square foot house and surrounding acreage is listed for a cool $5 million. And you will never believe its features and amenities. To heck with the new freeway, this property has two portals to other dimensions. If you can deal with all of the aliens you will potentially need to fight off, this 10 acre property could be a great investment!

While the last point in this article is obviously tongue-in-cheek, we are completely serious when we say that Buckeye AZ real estate is an out-of-this-world option if you are looking to invest your money in an area that is already incredibly livable, has new amenities being added regular and that has tremendous upside from a financial perspective. If you are interested in checking out some Buckeye real estate — whether that means a house or some land — be sure to look us up. Our West Valley realtors are up-to-date on all of the most recent developments and news coming out of the area, meaning that they are uniquely qualified to help you consider the full picture of the changes coming to Buckeye when picking your property.