By Jaki Underwood, Editor-in-Chief
Americans are increasingly facing a crucial decision: should they buy or rent? For many, renting has become a longer-term solution due to various financial or personal circumstances. However, Buckeye, Arizona, is defying this trend by leading the nation in homeownership, establishing itself as the city with the highest percentage of homeowners in the United States.
Buckeye’s Rise to the Top
A recent real estate report, drawing on U.S. Census Bureau data from over 300 cities, revealed that Buckeye tops the list with a remarkable 85.8% of residents owning their homes. This figure places Buckeye at the forefront of homeownership nationwide, underscoring the city’s appeal as a prime destination for those looking to invest in property and settle down.
Buckeye’s success is no surprise to those familiar with the area. The West Valley city has seen significant growth in recent years, driven by its affordable housing options, strong community spirit, and strategic location. As a result, it has become a magnet for homebuyers seeking a balance between urban amenities and suburban tranquility.
The Broader Regional Impact
Buckeye’s dominance in homeownership is part of a more significant trend that sees Western and Southern cities leading the way in this area. Alongside Buckeye, Port St. Lucie, Florida, remains the second-ranking city for homeownership, reflecting the strong appeal of these regions for those looking to purchase homes.
Other cities making the top 10 for homeownership include Rio Rancho, New Mexico; Menifee, California; Sugar Land, Texas; Palm Coast, Florida; Surprise, Arizona; Centennial, Colorado; and Naperville, Illinois. Surprise, AZ, highlights the West Valley’s prominence in the national real estate landscape.
A Contrast in the Northeast
While the West and South shine in homeownership, the Northeast presents a different picture. Hartford, Connecticut, for example, leads the nation in rental rates, with 76.5% of its residents renting their homes. This contrast highlights the varied housing dynamics across the country, with cities like New York also standing out for their high numbers of long-term renters.
What This Means for Prospective Homebuyers
Buckeye’s top-ranking status offers a compelling case for those considering purchasing a home. The city’s high homeownership rate is a testament to its attractive housing market, which combines affordability with quality of life. As Buckeye continues to grow, its position as a leader in homeownership will likely attract even more interest from prospective buyers.
The success of Buckeye and other Valley cities in the homeownership rankings also reflects the region’s broader appeal. With its strong economy, desirable climate, and thriving communities, the Valley is solidifying its reputation as one of the best places in the nation to buy a home.
As the real estate market continues to evolve, Buckeye’s ascent to the top of the homeownership rankings serves as a reminder of the ongoing shifts in where Americans choose to invest and build their futures. The city’s success is not just a local achievement but part of a larger narrative about the changing face of homeownership in the United States.
