The Housing Market in Goodyear Today
Goodyear, Arizona is experiencing a dynamic housing market in 2025. Inventory has tightened in recent months as demand for homes in this growing Phoenix suburb remains strong. New housing developments are rising downtown and in master-planned communities, offering a range of options for renters and buyers alike.
The local economy continues to diversify, with healthcare, technology, and manufacturing sectors driving job growth. This economic vitality, combined with Goodyear’s family-friendly amenities and proximity to Phoenix, has contributed to a competitive housing landscape. While prices have risen, Goodyear still offers relative affordability compared to other parts of the Valley.
Renting in Goodyear: What’s Typical?
For renters, Goodyear offers a variety of apartments, townhomes, and single-family homes. The average rent for a 1-bedroom apartment in Goodyear is currently around $1,400 per month, while a 2-bedroom typically goes for $1,800. Newer apartment complexes in Goodyear often include trash and internet in the monthly rent.
Rent prices have increased by about 5% over the past year, reflecting the area’s popularity. Availability is moderate, with an average vacancy rate of 6%. Popular renter areas include the downtown district and newer developments in the northern part of the city, which tend to attract young professionals and small families.
Owning a Home in Goodyear
For those looking to buy, the median home price in Goodyear is $450,000 as of 2025. With a 10% down payment and a 30-year fixed mortgage at 4% interest, the estimated monthly mortgage would be around $1,950. However, the total cost of homeownership also includes property taxes (averaging $2,500 per year), insurance ($1,200 per year), and potential HOA dues ($50-300 per month).
In Goodyear, many homes use energy-efficient features like solar panels and low-water landscaping, which can help reduce utility costs. Newer constructions also tend to have better insulation and air sealing, leading to lower heating and cooling bills compared to older homes.
Renters vs. Homeowners: Who Lives Where?
Goodyear’s homeownership rate stands at 65%, slightly higher than the national average. Young professionals and new families often rent in the city’s apartment complexes or townhome communities, taking advantage of amenities and maintenance-free living. Established families and retirees are more likely to own homes, particularly in master-planned communities with larger properties and resort-style features.
For some residents, financial barriers like saving for a down payment or qualifying for a mortgage can make homeownership challenging. Others may prefer the flexibility of renting or the ability to live closer to downtown amenities. Cultural factors, such as multigenerational living arrangements, also impact housing choices in Goodyear’s diverse community.
Table: Typical Monthly Housing Costs in Goodyear
Here’s what housing costs might look like each month in Goodyear:
| Cost | Renting (1BR) | Owning |
|---|---|---|
| Rent/Mortgage | $1,400 | $1,950 |
| Property Tax | – | $210 |
| Insurance | $15 (renters) | $100 |
| Utilities | $150 | $250 |
| HOA | – | $150 |
| Total | $1,565 | $2,660 |
Estimates reflect mid-range properties and average usage.
What’s Driving Costs Up or Down?
Several factors influence housing costs in Goodyear. The strong local job market and influx of new residents have increased demand for homes, putting upward pressure on prices. At the same time, new construction has helped to expand the supply of housing options, somewhat moderating price growth.
City policies and zoning decisions also play a role. Goodyear has invested in infrastructure and amenities to support its growing population, but has also worked to maintain a balance of housing types and price points. The city’s general plan emphasizes sustainable growth, walkability, and community cohesion.
FAQs About Housing in Goodyear
- Is Goodyear affordable to live in? Compared to some other Phoenix suburbs, Goodyear offers relatively affordable housing options. However, rising prices have made it more challenging for some residents to find budget-friendly homes.
- Why are housing prices changing? Housing prices in Goodyear are influenced by supply and demand factors, including population growth, job market strength, and new construction. Economic conditions and interest rates also impact affordability.
- How does Goodyear compare to nearby cities? Goodyear’s housing costs are generally lower than in Scottsdale or Tempe, but higher than in some further-out suburbs like Buckeye or Maricopa. The city offers a mix of urban and suburban living options.
Making Smart Housing Decisions in Goodyear
When deciding whether to rent or buy in Goodyear, it’s important to consider your budget, lifestyle preferences, and long-term goals. Renting may cost around $1,565 per month, while owning typically runs $2,660 or more. However, owning builds equity over time and offers more control over your living space.
Be sure to factor in all costs, including utilities, maintenance, and commuting expenses. And remember that while housing is a major part of the cost of living in Goodyear, it’s not the only consideration. Creating a comprehensive monthly budget can help you make the best choice for your financial situation and quality of life.