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Arizona's Population Growth - Is Arizona the Next Pot of Gold?

According to the Census 2000, Arizona is ranked number 2 in population growth due to the climate and the state’s ability to attract new businesses. What this means to you as a land buyer is, you have the opportunity to purchase land in a rapidly growing area that attracts tourists and residual income, and with the land in unincorporated areas, the selling price is marginally less than in the incorporated areas of Arizona.

According to the Arizona Department of Commerce, between 1990 and 1998 Arizona's population grew by 30 percent from 3,665,228 to 4,764,025. Approximately 78 percent of the state's population lives in Arizona's 87 incorporated cities and towns.

Of the nearly 1.1 million people who relocated to Arizona from 1990 to 1998, more than 75 percent chose to live in one of the state's 16 fastest growing communities, one of which — Gilbert (outside of Phoenix) — achieved a growth rate of 212.8 percent for the eight-year period.

As the population grows, the demand for municipal services grows. Cities and towns must expand their services and alter long-range plans in response to new and/or different demands that come with increases in population. More libraries, police and fire protection, street maintenance, trash collection and water treatment are a few of the services that need to be expanded because of the population boom. What this means is, the property taxes are higher in the incorporated areas and because most of the properties we sell are in the unincorporated areas, you are saving money in the end.
Now that you are aware of the pertinent facts regarding Arizona’s population growth and you want to get in on the “pot of gold,” the next step is to go forward to the land for sale page and/or contact us.

 

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