Rio Verde, Arizona, is a serene and affluent census-designated place (CDP) located in Maricopa County, nestled in the northeastern part of the Phoenix Metropolitan Area, east of Scottsdale. Known for its master-planned community tailored for active adults over the age of 55, Rio Verde boasts a population of around 2,524 as of 2024, with a demographic that skews older, with a median age of 72. The area is celebrated for its vibrant golfing community, featuring two 18-hole championship golf courses, the White Wing and Quail Run, which are exclusive to residents and their guests. The town's landscape is characterized by its commitment to preserving the natural beauty of the surrounding Sonoran Desert, with the Verde River to the east, the Tonto National Forest to the north, and the McDowell Mountain Regional Park to the south providing ample opportunities for outdoor activities like hiking, biking, and horseback riding. Rio Verde is a high-income community where the majority of residents own their homes, contributing to a serene, safe, and community-focused environment. The town also benefits from a low crime rate and a high quality of life, underscored by its proximity to natural wonders and cultural amenities.
Rio Verde currently has 72 single family homes for sale with an average list price of $1,129,427.43, 15 townhouses for sale with an average list price of $586,641.13, and 24 lots for sale with an average list price of $537,507.33. The average annual property tax for Rio Verde is $2,653.65.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Rio Verde, i.e. what's hot and what's not.
See What's Hot & What's Not in Rio VerdeRio Verde home sales for the month of August decreased in volume by 47.1% when compared to last year, while the median sale price decreased by 3.2% from $875,000 to $847,000. House sales decreased by 46.7%, while the median sale price decreased by 6.3% from $955,000 to $894,895. Townhouse sales decreased by 50%, while the median sale price decreased by 29.9% from $606,360 to $425,000.
228
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105
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109
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172
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2021 | 2022 | 2023 | 2024 |
# of sales per year |
$679,000
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$700,000
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$710,000
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$780,000
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2021 | 2022 | 2023 | 2024 |
median sale price per year |
HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.