15 Arizona Cities You Should Never Buy Property In
Arizona is a land with amazingly desert vistas, amazing sunsets, a a charm that cannot be missed, but not everything that sparkles is golden—or in this case, sandstone. Although the Grand Canyon State provides plenty of chances for success for homeowners, there are some cities where buying property feels more like entering into quicksand than constructing a strong foundation. Some places have more red flags than a poorly refereed soccer game — from economic concerns to environmental risks.
Before you sign on the dotted line and pack up the moving truck, it’s worth taking a closer look at some Arizona cities. On the surface, these spots may seem appealing, but they could come with challenges that make your dream home a bit of a fixer upper nightmare. Now, let’s take a look at which towns may give you second thoughts.
Kingman
Kingman just might call to you from its location nestled into northwestern Arizona with historic Route 66 charm. But this small city is an economic stagnation, which makes it a hard sell for property investments. The job growth is slow and many people commute long distances for work. Pair that with few different industries and you might feel like you’re playing a game of Russian roulette when it comes to stability here.
Coolidge
Coolidge may sound like the epitome of chill, but owning property here may be anything but relaxing. The city, located between Phoenix and Tucson, has experienced relatively slow growth and development than its neighbors. Its infrastructure desperately fails to keep pace with its ambitions, and property values are lukewarm at best.
Winslow
It’s fun to “stand on the corner in Winslow, Arizona,” as the Eagles once sang, but owning a home here might make you sing the blues. Economic development and a declining population are challenging Winslow. It could feel like parking your money on a dead end street.
San Luis
Near the Mexican border, San Luis struggles with few economic prospects and too many dependent on agriculture. Though it has a deep cultural heritage, it’s a difficult place to watch your property appreciate. If you don’t have deep ties to the area, you may want to keep moving.
Globe
With plenty of old-school charm, this mining town has a lot of history, but not a lot of economic future. Globe is dependent on mining and as such is vulnerable to shifts in the market, and its housing market is a reflection of this instability. This may not be your golden ticket for a long term investment.
Douglas
Sitting on the U.S.-Mexico border, Douglas is a mix of cultural history and scenic views. Unfortunately, low home prices, high unemployment, and strained economic position make it unattractive to homebuyers. While property prices might look attractive, there’s little growth potential.
Eloy
Of course, Eloy is known for its skydiving scene, but not so much for its property. Infrastructure and economic growth are challenges the city faces, and is not the best place to put roots down.
Holbrook
The local economy may be as stagnant as the ancient wood for which Petrified Forest National Park is famous, but Holbrook offers proximity to the park. It’s not good for property values when the town has trouble bringing in new industries and new residents.
Apache Junction
Apache Junction is close to the Superstition Mountains, but it has its mysteries – Specifically, why property values struggle to increase. In this area, there is aging infrastructure, and it’s a place known for being cheaper than it is desirable.
Casa Grande
Big dreams but execution is an issue. Though it’s in a prime location between Phoenix and Tucson, growth has been spotty and the city is still figuring out how to become a destination for robust economic opportunity.
Show Low
Retirees and vacationers may love Show Low, but permanent residence could snow you under. Since its local economy relies so heavily on seasonal tourism it’s a bit less predictable in terms of property values.
Safford
The market is lukewarm when it comes to property in Safford, which is known for its natural hot springs. Mining and agriculture are what the economy is built on, and they are hit or miss. If you’re looking for steady returns, you might want to look elsewhere.
Bisbee
Visitors are attracted to Bisbee’s artsy vibe and historic charm, but the town’s small size and limited job market make for a tricky place to break into homeownership. If you aren’t a fan of niche markets, your investment may not go far in this area.
Payson
Payson has beautiful views and outdoor adventures, but it’s also rather remote. Its housing market doesn’t always justify the investment required, and jobs are scarce. It’s a gem for a getaway, but probably not a place to settle down.
Nogales
The Arizona side of Nogales, which shares its name with its Mexican counterpart across the border, has its own set of problems. It’s not the best place to live because of economic struggles, high unemployment rates and the limited opportunities.
Disclaimer: This list is solely the author’s opinion based on research and publicly available information.
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