New Homes in Peoria, AZ

New Homes
9 Builders
0 Communities

City overview

About Peoria

Peoria, Arizona, positioned within the Central Arizona landscape, presents a compelling case for prospective homebuyers and those considering relocation. The city's identity is shaped by its recreational assets, including Lake Pleasant Regional Park and the Peoria Sports Complex, a spring training venue. Cultural and entertainment offerings are concentrated in the P83 Entertainment District, while residential development often centers on master-planned communities such as Vistancia. The U.S. Census Bureau's 2024 estimates place Peoria's population at 199,924, with a median household income reported at $95,815 for the 2020-2024 period. These figures underscore a stable environment conducive to both economic expansion and family life. The local real estate market signals strong investment potential. Federal Reserve Economic Data (FRED) and recent Census reports indicate a median home value of $463,600 for the 2020-2024 timeframe, with owner-occupied housing units accounting for 76.0% of the market. The demographic profile reveals a median age of 41.7 years in 2024, and residents typically experience a 28.2-minute commute to work, according to 2020-2024 data. This blend of suburban tranquility and accessibility to the broader Phoenix Metropolitan Area defines the lifestyle here.

Peoria Market Snapshot

Population

199,924 (2024 estimate)

Median Household Income

$95,815 (2020-2024)

Median Age

41.7 years (2024)

Median Home Value

$463,600 (2020-2024)

Median Rent

$1,843 (2020-2024)

Owner-Occupied %

76.0% (2020-2024)

Unemployment Rate

3.50% (2024)

Job Growth Trend

Steady

Commute Time

28.2 minutes (2020-2024)

Education (Bachelor's+)

36.3% (2020-2024)

Housing Units

73,824 (Households, 2020-2024)

Top Builders in Peoria

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Century Communities Logo

Century Communities

0(0 reviews)
|Est. 2002|Greenwood Village, CO

Century Communities is one of the nation's largest homebuilders, building in sought-after metros from coast to coast for over two decades. They offer a diverse range of dream homes, from single-family homes to...

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Building in:GACAAZFLTXCO

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D.R. Horton Logo

D.R. Horton

Verified
0(3,892 reviews)
|Est. 1978|Fort Worth, TX

D.R. Horton, Inc. is an American home construction company founded in 1978 by Donald R. Horton in Fort Worth, Texas. Since 2002, the company has consistently been the largest homebuilder by volume in the...

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Building in:GAAZFLCOCAWA

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Pulte Homes Logo

Pulte Homes

VerifiedPremium
4.6(2,156 reviews)
|Est. 1950|Atlanta, GA

Pulte Homes is a leading nationwide homebuilder known for creating new construction homes that combine innovative floor plans with opportunities for personalization. With a commitment to quality and...

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Building in:GAAZFLCOCANVORWA

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Lennar

4.5(0 reviews)
|Est. 1954|Miami, FL

Lennar

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KB Home Logo

KB Home

0(0 reviews)
|Est. 1957|Los Angeles, CA

KB Home is a leading American homebuilder with a rich history dating back to 1957. Founded as Kaufman & Broad in Detroit, Michigan, the company was the first homebuilder to be traded on the New York Stock...

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Meritage Homes

0(0 reviews)
|Est. 1985|Scottsdale, AZ

Meritage Homes, established in 1985, stands as the fifth-largest public homebuilder in the United States, recognized for its commitment to constructing energy-efficient and affordable homes. The company...

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Communities in Peoria

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Local Market Guide

Living in Peoria, AZ

Neighborhoods

Vistancia, situated in North Peoria, stands as a premier master-planned community. Its appeal lies in a carefully curated blend of lifestyle, architectural design, and extensive amenities. This area particularly suits families, offering access to highly-rated educational institutions such as Vistancia Elementary, numerous neighborhood parks, and the Mountain Vista Club, which features pools and fitness facilities. Beyond family-oriented living, Vistancia also incorporates luxury and age-restricted options, including Blackstone, a gated golf community, and Ridgecrest, tailored for residents aged 55 and older. Northpointe, a section within Vistancia, provides elevated views and high-end home designs, attracting those seeking new construction in a picturesque desert setting. WestWing Mountain offers a tranquil living experience, set against the backdrop of the WestWing and Sunrise Mountains. This hillside community is characterized by its peaceful atmosphere and expansive views. Homes here typically feature larger footprints and generous lot sizes, appealing to buyers who prioritize space and quietude. Residents benefit from direct access to an extensive network of hiking and biking trails. The community also boasts convenient proximity to WestWing Elementary School, part of the Deer Valley Unified School District, as well as local shopping, dining establishments, and easy access to the Loop 303 freeway. Fletcher Heights embodies a classic suburban aesthetic combined with a strong sense of community. Its location near Loop 101 facilitates convenient commutes and provides ready access to a variety of amenities. The homes in Fletcher Heights, predominantly constructed between 1999 and 2004, are noted for their functional layouts and mature landscaping. This neighborhood draws families and pet owners, thanks to its numerous parks and greenbelts. Educational needs are met by top-rated schools within the Peoria Unified School District, including the highly regarded Sunrise Mountain High School. The Meadows represents a newer development, positioned east of Lake Pleasant Parkway. Homes in this community, built primarily in the mid-2010s, showcase stylish designs with open layouts, high ceilings, and energy-efficient systems. The community offers a range of perks, including a large central park, a pool with a splash pad, pickleball courts, and walking paths. Residents have access to educational institutions like Liberty High School and BASIS Peoria, and are conveniently close to the Happy Valley Towne Center and Lake Pleasant. Dove Valley Ranch provides an accessible entry point into homeownership within a neighborly environment. This established community, located near 83rd Avenue and Deer Valley Road, is popular among first-time buyers and growing families. Homes, largely from the early 2000s, are well-maintained and situated on wide streets with numerous cul-de-sacs. The area offers a quiet residential feel, with Paloma Community Park nearby and a full complement of everyday shopping and dining options within easy reach.

Economy & Jobs

Peoria, Arizona, is currently undergoing a period of substantial economic expansion, propelled by a diverse array of sectors including advanced manufacturing, bioscience, healthcare, hospitality, retail, and semiconductors. The city’s advantageous geographical position, coupled with the availability of undeveloped land, makes it an attractive prospect for new business ventures. A significant driver of job creation is the Amkor Technology semiconductor packaging facility, a $2 billion investment anticipated to generate over 6,000 direct manufacturing positions and an additional 20,000 construction jobs. Key employers contributing to Peoria’s economic landscape include the Peoria Unified School District, the City of Peoria, Fry’s Food Store, Walmart/Sam’s Club, Freedom Plaza Peoria, Target, Safeway, The Home Depot, McDonald’s, and Oakcraft Inc. The city’s economic development strategy prioritizes attracting and retaining businesses within high-growth industries, capitalizing on its skilled labor force and access to major transportation arteries like Loop 303. This multifaceted economic foundation underpins a robust job market and sustained construction activity, particularly within the residential and industrial spheres.

Schools & Education

Peoria, Arizona, is primarily served by two prominent school districts: the Peoria Unified School District and the Deer Valley Unified School District. Both districts are recognized for their highly-rated educational institutions. Within these systems, notable schools include Vistancia Elementary, WestWing Elementary, Sunrise Mountain High School, and Liberty High School. Additionally, BASIS Peoria stands out as a top-ranked public charter high school within the state, reflecting the city's commitment to quality education. For residents pursuing higher education, Peoria offers convenient access to several colleges and universities in the surrounding area. These institutions encompass Glendale Community College, Midwestern University, Grand Canyon University, Arizona Christian University, and Arizona State University's West Valley campus. Such a diverse range of academic programs and continuing education opportunities contributes to a comprehensive educational environment in and around Peoria.

Lifestyle & Amenities

Peoria, Arizona, cultivates a high quality of life, characterized by a broad spectrum of recreational and cultural pursuits. The city maintains an impressive 570 acres of parkland, encompassing 37 neighborhood parks and three expansive community parks. This green infrastructure is complemented by over 60 miles of trails catering to hiking, biking, and horseback riding enthusiasts. Lake Pleasant Regional Park serves as a significant regional draw, offering a desert oasis for activities such as boating, fishing, water skiing, kayaking, and scuba diving. The P83 Entertainment District functions as a central hub for dining, shopping, and entertainment, further enhanced by the upscale retail and culinary options found at Park West. The Arizona Broadway Theatre and other local performance venues contribute to a lively arts scene, supported by a year-round calendar of festivals and special events. Commute dynamics in Peoria are shaped by its integration within the larger Phoenix metropolitan area. While a portion of the workforce commutes to neighboring cities, the average travel time to work stands at 28.2 minutes. The city’s dedication to providing exceptional municipal services is evident in its nationally accredited police, fire, public works, and parks & recreation departments, all of which contribute to the overall quality of life for residents. The prevalence of master-planned communities, designed with integrated amenities and an emphasis on outdoor living, fosters a family-friendly atmosphere throughout Peoria.

FAQs About New Homes in Peoria

What is the estimated population of Peoria, Arizona?+

The U.S. Census Bureau’s most recent estimates place Peoria, Arizona’s population at 199,924 as of July 1, 2024.

What is the median household income in Peoria, AZ?+

For the period spanning 2020-2024, the median household income in Peoria, Arizona, was reported at $95,815.

What is the median age of residents in Peoria, Arizona?+

The median age of Peoria residents is approximately 41.7 years as of 2024, indicating a mature yet active demographic.

What is the median home value in Peoria, AZ?+

According to Federal Reserve Economic Data (FRED) and recent Census reports, the median home value for owner-occupied housing units in Peoria, Arizona, was $463,600 for the 2020-2024 period.

What is the median gross rent in Peoria, Arizona?+

The median gross rent in Peoria, Arizona, for the 2020-2024 period is $1,843.

What percentage of housing units in Peoria, AZ are owner-occupied?+

The owner-occupied housing unit rate in Peoria, Arizona, for the 2020-2024 period stands at 76.0%.

What is the current unemployment rate in Peoria, Arizona?+

As of 2024, the unemployment rate in Peoria, Arizona, is 3.50%.

What is the average commute time for workers in Peoria, AZ?+

The mean travel time to work for Peoria, Arizona, residents (workers aged 16 years and older) for the 2020-2024 period is 28.2 minutes.

What are the educational attainment levels in Peoria, Arizona?+

For persons aged 25 years or older in Peoria, Arizona (2020-2024), 92.2% have attained a high school graduate or higher education level, with 36.3% holding a Bachelor's degree or higher.

What are some prominent neighborhoods in Peoria, AZ?+

Key neighborhoods include Vistancia, known for its master-planned design and diverse housing; WestWing Mountain, offering elevated living and nature access; Fletcher Heights, a classic suburban community; The Meadows, featuring stylish new homes; and Dove Valley Ranch, recognized for its affordability and neighborly atmosphere.

Which major industries drive Peoria, Arizona's economy?+

Peoria's economy is driven by advanced manufacturing, bioscience, healthcare, hospitality, retail, and semiconductors. A significant contributor is Amkor Technology, a semiconductor packaging facility.

Who are the major employers in Peoria, AZ?+

Major employers include the Peoria Unified School District, the City of Peoria, Fry’s Food Store, Walmart/Sam’s Club, and Freedom Plaza Peoria [5, 6].

What are the primary school districts in Peoria, Arizona?+

Peoria, Arizona, is primarily served by the Peoria Unified School District and the Deer Valley Unified School District, both known for highly-rated educational institutions [4, 7].

What kind of lifestyle does Peoria, AZ offer residents?+

Peoria offers a balanced lifestyle with extensive parkland, over 60 miles of trails, and water activities at Lake Pleasant Regional Park. The P83 Entertainment District provides dining and shopping, complemented by a vibrant arts scene and community events [4, 8].

Are there new construction homes available in Peoria, AZ?+

Yes, Peoria has an active new construction market, particularly in master-planned communities in the northern foothills, with offerings from national builders like D.R. Horton, Lennar, PulteGroup, and Toll Brothers.