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There are currently 9,749 real estate properties in Sun Lakes, AZ, with a median automated valuation model (AVM) price of $469,123.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Sun Lakes, AZ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Sun Lakes, AZ, is $472,150.00, with the most expensive house in Sun Lakes, AZ, topping out at $5,599,772.00 and the cheapest home in Sun Lakes, AZ, clocking in at $53,759.00. In other words, there’s something for every potential homebuyer or savvy investor in Sun Lakes, AZ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Sun Lakes, AZ, is on a rollercoaster ride. The average rent price in Sun Lakes, AZ, is $1,659.00. Indeed, when looking to rent in Sun Lakes, AZ, you can expect to pay as little as $910.00 or as much as $3,500.00, with the average rent median estimated to be $1,650.00. The good news is that finding an affordable and desirable property to rent in Sun Lakes, AZ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Sun Lakes is located in Maricopa, Arizona, with an estimated municipal population of 14,473 residents. All of the best foreclosed homes for sale in Sun Lakes are located in the following zip code areas on Foreclosure.com: 85248. The estimated population per square kilometer (.62 miles) in Sun Lakes is 1,039.
So, about how much do homes cost in Sun Lakes? The most recent median value of resident-owned homes in Sun Lakes is 272,469. An estimated 89.2 percent of households in Sun Lakes own their homes, with an average family size of 2.07. The median household income in Sun Lakes is 56,779, with21 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Sun Lakes, the median commute time of resident workers (in minutes) is 28.4. And last, but certainly not least, are you looking for homes to rent in Sun Lakes? If so, the average rent price paid by renters in Sun Lakes is 1,450, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Sun Lakes, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Sun Lakes is 73, split between 45.5 percent male versus 54.5 female. The percentage of residents who report being married in Sun Lakes is 71.4, with an average family size of 2.07.
The percentage of residents who report their race in Sun Lakes is as follows:
| White | 97.2% |
| Black / African American | 0.8% |
| Asian | 0.5% |
| American Indian / Alaskan Native | 0.5% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.7% |
| Other | 0.4% |
Looking for family-friendly neighborhoods in and/or near Sun Lakes? Or maybe you are searching for 55+ active adult communities in and/or near Sun Lakes?
The percentage of residents who report their age in Sun Lakes is as follows:
| Under 10 | 0.1% |
| Aged 10-19 | 0.1% |
| 20s | 0.5% |
| 30s | 1% |
| 40s | 1.7% |
| 50s | 7.8% |
| 60s | 25.7% |
| 70s | 38.4% |
| 80+ | 24.8% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Sun Lakes with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Sun Lakes.
How do you know that living in -- or moving to -- Sun Lakes is right where you need to be? Perhaps you grew up in Sun Lakes or already live nearby; therefore, the decision to buy a home in Sun Lakes is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Sun Lakes for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Sun Lakes:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Sun Lakes.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Sun Lakes can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Sun Lakes, meanwhile, can field multiple offers from more qualified buyers.
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