Metropolitan Statistical Area (MSA):
Show Low, AZ is a Metropolitan Statistical Area (MSA) comprising counties including Navajo County.
The Show Low, AZ metropolitan statistical area (MSA) is located in the heart of Arizona and is known for its beautiful scenery and mild climate. The area is home to a variety of businesses and industries, including healthcare, education, retail, and tourism. The Show Low MSA is also a popular retirement destination.
In recent years, the Show Low MSA has experienced significant growth in its housing market. The median home price in the area has increased by more than 20 percent since 2015, and the number of homes sold has nearly doubled during that time period. The Show Low MSA is currently one of the hottest markets in Arizona for both buyers and sellers.
There are several factors driving this growth in the Show Low MSA housing market. One is the strong local economy. The unemployment rate in the Show Low MSA is below 4 percent, which is much lower than the national average. This strong job market is attracting new residents to the area who are looking for affordable homes.
Another factor driving growth in the Show Low MSA housing market is population growth. The population of Arizona as a whole has been growing rapidly in recent years, due to factors such as retirees moving to the state for its warm climate and families relocating from other parts of the country for jobs or other opportunities. This population growth is translating into increased demand for housing in all parts of Arizona, including the Show Low MSA.
If you're thinking about buying a home in the Show Low MSA, now is a great time to do so! Prices are expected to continue to rise as demand increases. However, it's important to work with a experienced real estate agent who knows the local market well so that you can find a home that meets your needs and budget