News & Trending Mortgage & Loans News

10 Arizona Cities Where You Can Buy a Home Under $200,000

There are plenty of great spots in Arizona where you can get a bargain on your dream home.

By Roxana Loomes

Edited by Lauren Wellbank

Updated March 10, 2025

Arizona is an economic powerhouse with a climate that makes it the envy of its northern neighbors. As such, buying a home in sunny Arizona is a dream for many. But, with housing prices soaring nationwide, you may not consider Arizona an affordable place to build wealth.

However, you can still find affordable homes in Arizona if you know where to look, which is why we put together this list of 10 cities where buying a home for just $200,000 is still within reach.

Steal this billionaire wealth-building technique

The ultra-rich have also been investing in art from big names like Picasso and Bansky for centuries. And it's for a good reason: Contemporary art prices have outpaced the S&P 500 by 136% over the last 27 years.

A new company called Masterworks is now allowing everyday investors to get in on this type of previously-exclusive investment. You can buy a small slice of $1-$30 million paintings from iconic artists, all without needing any art expertise.

If you have at least $10k to invest and are ready to explore diversifying beyond stocks and bonds,see what Masterworks has on offer. (Hurry, they often sell out!)

Douglas

Douglas is a small town close to the U.S.-Mexico border. It's deep in the desert, and as such, it rewards residents with beautiful mountainous landscapes. Not only that, but the town is a great spot if you want easy access to the great outdoors and cultural venues like the Gadsden Museum.

With a median house price of $159,430, finding a home for under $200,000 can be an easy task.

Want to learn how to build wealth like the 1%? Sign up for Worthy to get ideas and advice delivered to your inbox.

New Kingman-Butler

Marsh and mountains near the Colorado River

New Kingman-Butler is a great destination for outdoor lovers with its proximity to Havasu National Wildlife Refuge. This village is also a cheap place to live and enjoy a simple life.

New Kingman-Butler boasts a median house price of $153,100, making it perfect for smaller budgets. Despite its small size, the town offers lots to do for would-be residents of Mohave County.

Globe

Located in Gila County, Globe is a small town of less than 10,000 people. If you enjoy places with a rural vibe and a close-knit feel, it may be the best Arizona location for your budget.

The median home price in Globe is $150,400. To make things better, the town scores high affordability marks on food and transportation and has a lower cost of living than the Arizona and U.S. averages.

Get a free stock valued between $5 to $200

Secret: You don't need thousands of dollars to buy thousand-dollar stocks or create a diverse portfolio.

Robinhood offers a method of investing called “fractional shares.” On its own, one share of a single stock could cost a lot of money, making it difficult to diversify. Robinhood allows you to buy pieces of stock instead, so you have the option to build a diverse portfolio quickly.

Let’s say you want to invest $250, as an example.

With that amount, you could build a relatively diverse portfolio with an investment of $50 in a big tech stock, $50 in a retail stock, $50 in an energy stock, $50 in a manufacturing stock, and $50 in a bank.¹ This content is for informational purposes only, you should not construe any such information as legal, tax, investment, financial, or other advice. To get stock reward, new customers need to sign up, get approved, and link their bank account. Stock rewards shares cannot be sold until 3 trading days after the reward is granted and the cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed. Stock rewards not claimed within 60 days may expire. See full terms and conditions at <a href="https://robinhood.com/us/en/support/articles/open-account-pick-your-stock/">rbnhd.co/freestock</a>. Fractional shares are illiquid outside of Robinhood and are not transferable. Not all securities available through Robinhood are eligible for fractional share orders. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see the Fractional Shares section of our Customer Agreement. Robinhood Gold is offered through Robinhood Financial LLC and is a membership offering premium services available for a fee.

Even better news? Add a Robinhood Gold membership, and you’ll get access to 4.00% (as of 12/27/24) APY² Annual Percentage Yield. Rate valid as of April 12, 2024. To earn interest, a cash balance is needed. If you have a margin balance, there is no cash balance to earn interest. Interest rates for cash sweep and margin investing can change at any time. Fees may reduce interest earnings. on your uninvested cash³ Interest is earned on uninvested cash swept from your brokerage account to partner banks. Partner banks pay interest on your swept cash, minus any fees paid to Robinhood. As of Nov 15, 2023, the Annual Percentage Yield (APY) that you will receive is 1.5%, or 5% for Gold customers. The APY might change at any time at the partner banks' or Robinhood's discretion. Additionally, any fees Robinhood receives may vary and are subject to change. Neither Robinhood Financial LLC nor any of its affiliates are banks. All investments involve risk and loss of principal is possible. Robinhood Financial LLC (member SIPC), is a registered broker dealer. and the ability to buy and sell stocks 24 hours a day, 5 days a week.

Open and fund a Robinhood account and earn up to $200 in stock

Phoenix

Phoenix is arguably the best-known city in Maricopa County. It's a great location for those who appreciate history and culture. Its majestic mountain views and endless sunshine also make it a great spot for outdoor enthusiasts.

Arizona's capital isn't the cheapest place to settle down. However, you can still find houses that fit your $200,000 budget, especially in the suburbs.

Sun City

Speaking of suburbs, Sun City is a Maricopa County town located in the Phoenix-Mesa-Chandler Metro Area. It offers various attractions rivaling those of the state capital. They include the Deer Valley Petroglyph Preserve and R. H. Johnson Recreation Center.

Sun City is much more affordable than Phoenix proper, as well. In fact, you can find a home for $199,000 or less in this low-crime town.

Winslow

Standing on the corner of Historic Route 66

If you're looking for a place rich with native history, Winslow is a great choice. This Navajo County town is part of the Show Low Metro Area and lies close to Monument Valley.

A favorite of retirees and families alike, Winslow works well for a $200,000 budget — its median home price is $169,900, giving you plenty of wiggle room in your budget.

Grow Your $$: 11 brilliant ways to build wealth after 40

San Luis

Texas Prickly pear cactus with green fruit

San Luis is in the best spot to enjoy the Arizona desert. Besides, its Yuma County location ensures it's close to both California and Mexico. The town has a moderate cost of living, which draws many families and retirement-aged adults.

Pick San Luis if you enjoy outdoor activities and living within equal distance of busy cities like Phoenix and San Diego — with home prices hovering around your $200,000 spending limit.

Golden Valley

Golden Valley is another outstanding desert city that offers a slower pace of life and plenty of outdoor fun for nature lovers. It experiences hot summers, like many other entries on this list.

However, it's a good spot to pick if you're looking for a year-round home. With a median home price that is almost 50% lower than the national average, Golden Valley can be an affordable place to call home.

Clifton

Clifton would suit your lifestyle best if you have always wanted to live in a small town. Its tiny population of 2,500 people gives it a down-to-earth, rural feel.

Clifton has its share of attractions — from fun fishing on the Gila River to visiting historical sites. But that's not all it has going for it. The town's median house price of just $118,500 makes it an affordable option for many.

Earn up to a $300 bonus and grow your money with up to 3.80% APY

This powerful combination checking + savings account from SoFi® allows you to earn up to a $300 bonus with direct deposit and grow your money with up to 3.80% APY.⁴ New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. See full bonus and annual percentage yield (APY) terms at <a href="http://www.sofi.com/banking#1">sofi.com/banking#1</a>. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members who enroll in SoFi Plus with Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi Plus members are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of Jan. 24, 2025. There is no minimum balance requirement. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet">http://www.sofi.com/legal/banking-rate-sheet</a>. See the SoFi Plus Terms and Conditions at <a href="https://www.sofi.com/terms-of-use/#plus">https://www.sofi.com/terms-of-use/#plus</a>.

This is one of the top accounts we’ve seen, and offers like this can be rare. You work hard, and now it’s time to make your money work for you — with SoFi, you can grow your money with hardly any effort!

SoFi has no account fees⁵ We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a> or overdraft fees⁶ Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with direct deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A.  The 30-Day Evaluation Period refers to the "Start Date" and "End Date" set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the "30-Day Evaluation Period"). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY.  Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage. and additional FDIC insurance up to $3 million on deposits is available through a seamless network of participating banks.⁷ SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at <a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>. Plus, you can receive your paycheck up to 2 days early.⁸ Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.

How to earn up to $300: Sign up and make a direct deposit within the first 25 calendar days of the promotional period, then collect a $300 cash bonus with a direct deposit of $5,000 or more.

SoFi is a Member, FDIC. ⁷ SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at <a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.

Open your SoFi account and set up direct deposit

Bisbee

Bisbee has a colorful history as a former copper mining town. The town is understandably proud of its roots and would make an ideal home for people who enjoy history and museums.

Bisbee also rivals Florida cities with more than 300 sunny days each year. If you love sunshine and outdoor pursuits, consider making Bisbee your home, which you can easily do with a budget of $200,000, since the median price in this area is just $196,000.

Bottom line

Arizona has a lot going for it in terms of natural beauty and a rich history. Add a warm climate to the mix, and you have it all. While not all locations in this state are affordable, with the right homeowner moves, you can find a home for $200,000 or less in places like Douglas, Sun City, and even Phoenix.

Our advice? Look for neighborhoods with lots of shade and invest in a good air conditioning system to survive Arizona's hot summers.

More from FinanceBuzz:

Build passive income with shares of rental homes

Ark7 - Real Estate Investing Benefits

Invest in cash-flow-generating, professionally managed rental properties without having to buy the whole property
Sell shares at will at no cost
3% sourcing fee and 8-15% monthly management fee
$20 minimum investment
Ark7 investors have earned 5%+ annualized distributions from monthly income alone⁹ The 5%+ return is the portfolio average and is based on figures since Q4 2022.

Get started