Cities with the most expensive homes in the Phoenix metro area

Paradise Valley, AZ, tops the Phoenix metro area with the most expensive homes, having a typical value of $3.34M and a 10.7% increase in one year. Other costly cities include Carefree ($1.29M), Cave Creek ($1.07M), and Fort McDowell ($1.02M). Home values vary widely, with many cities showing significant 5-year growth despite some recent slight declines. The U.S. median home value is $359,741, with mortgage rates at 6.83%.