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Maricopa, Arizona Real Estate Info

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Maricopa real estate is affected by many factors.  Factors affecting Maricopa real estate include local and metro; demographics, economy, climate, education and lifestyle.  Maricopa, Arizona is a suburb of the Metropolitan Phoenix, Arizona.  Maricopa, Arizona is located approx 45 minutes from Downtown Phoenix.  It is bordered to the north and east by the Gila River Indian Community, and to the south and west by the Ak-Chin Indian Community.

Maricopa Real Estate Demographics

As of the 2007 American Community Survey estimate, there were 18,603 people, 7,491 households, and 5,476 families residing. The racial makeup was 70.8% White, 22.1% Hispanic, 7.1% Black, 4.3% Asian, 2.0% Native American, 0.1% Pacific Islander, 15.7% from other races.

There were 7,491 Maricopa real estate households out of which 45.2% had children under the age of 18 living with them, 60.2% were married couples living together, and 26.9% were non-families. Individuals comprised 17.5% of all households were made up of individuals and 5.3% had someone living alone who was 65 years of age or older. The average household size was 2.48 and the average family size was 2.82.The population was spread out with 27.3% under the age of 20, 8.5% from 20 to 24, 43.7% from 25 to 44, 17.7% from 45 to 64, and 2.8% who were 65 years of age or older. The median age was 29.1 years. The median income for a household in the CDP was $68,064, and the median income for a family was $79,702.  The per capita income was $31,013. About 2.9% of families and 3.8% of the population were below the poverty line, including 3.7% of those under age 18 and none of those age 65 or over.

Maricopa real estate is comprised of 9,378 housing units of which 67.3% is owner-occupied and 32.7% is renter-occupied.

Current History

Maricopa, Arizona was the subject of an article in the New York Times in April 2008 and the town was featured on ABC's Nightline in May 2008, during its "Realty Check" segment.  The story dealt with the effect of the subprime mortgage crisis and the housing market correction on Maricopa real estate values.  The Maricopa, Arizona real estate market was referred to as the "poster child of the housing crisis".

Transportation

Highways to Maricopa include State Route 238 running east-west and State Route 347 running north-south. Maricopa lies approximately 15 miles west of Interstate 10 and 15 miles north of Interstate 8. MaricopaXPRESS Bus service, provides roundtrip transportation for Maricopa residents working in downtown Phoenix and traveling into Tempe.  Maricopa is currently the nearest stop to Phoenix on Amtrak's Sunset Limited and Texas Eagle commuter trains.

 


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