What the New “Ascent on Broadway” Means for Home Buyers in Maricopa County

Arizona continues to attract new residents seeking sunshine, affordability, and opportunity. With people relocating from across the country, demand for houses for sale in Arizona remains strong — especially in Maricopa County, the state’s most dynamic housing market.

One of the latest developments making headlines is Ascent on Broadway, a newly opened affordable-housing community in South Phoenix. More than just a new apartment complex, it represents a broader push toward accessible housing and balanced community growth.

In this article, we’ll explore what this new project means for homebuyers, how it might influence nearby property values, and where else you can find affordable homes across Maricopa County.

1. Arizona’s Housing Landscape: Growth and Opportunity

Arizona’s real-estate market has seen steady appreciation since 2020, fueled by population growth, job expansion, and migration from higher-cost states like California and Washington. However, affordability remains a top concern for buyers looking at homes for sale in Arizona.

That’s why the recent launch of Ascent on Broadway is so important — it’s part of a new wave of housing initiatives aimed at helping diverse income levels live comfortably within Maricopa County. For anyone searching for homes for sale in Phoenix AZ, houses for sale in Arizona, or even scottsdale homes for sale, understanding these developments gives valuable insight into where the market is headed.

(Brought to you by Loretta Sernowski – REMAX Fine Properties.)

2. Spotlight on Ascent on Broadway

Located at 316 W Broadway Rd in South Phoenix, Ascent on Broadway offers studio-to-three-bedroom apartments for households meeting income-eligibility criteria. The property includes modern amenities like a clubhouse, splash pad, and bicycle storage.

Beyond its features, it symbolizes the city’s commitment to inclusive growth. According to local officials, the development helps address the growing gap between median home prices and wage growth in the Phoenix metro area — a gap affecting first-time buyers and renters alike.

3. Why Affordable Housing Matters Right Now

With the median home price in the Phoenix–Mesa–Scottsdale metro hovering around $495,000 (as of October 2025), many families are priced out of traditional single-family homes. Projects like Ascent on Broadway help stabilize neighborhoods and prevent displacement while maintaining the region’s momentum.

For potential buyers, this signals continued investment and vitality across Phoenix and surrounding communities — positive indicators when searching for houses for sale in Phoenix AZ or homes for sale in Arizona.

4. The South Phoenix Advantage

South Phoenix has long been one of the most accessible and culturally rich areas in the Valley. Now, it’s evolving fast — with improved infrastructure, transit access, and retail growth. Its proximity to Downtown Phoenix and Sky Harbor Airport makes it especially appealing for first-time buyers and investors.

Compared to scottsdale homes for sale, where the median price exceeds $700,000, South Phoenix provides a blend of affordability and central location. That mix is catching the attention of both renters and buyers planning their next move.

5. How Ascent on Broadway Affects Home Buyers

Even though Ascent on Broadway focuses on rentals, its impact on the for-sale market is clear:

• Increased neighborhood investment often boosts nearby property values.
  
  

• More affordable rentals can relieve buyer-side demand pressure, potentially stabilizing entry-level pricing for houses for sale in Phoenix AZ.
  
  

• Improved community amenities (parks, lighting, roads) enhance long-term appeal for homeowners.
  
  

For prospective buyers working with Loretta Sernowski – REMAX Fine Properties, this project highlights an emerging opportunity: find neighborhoods in transformation before prices peak.

6. Affordable Alternatives Across Maricopa County

If South Phoenix isn’t the right fit, there are several other communities around Maricopa County where affordability meets growth potential:

Buckeye, AZ

• Median sale price: ≈ $400,000 (-2.4% YoY).
  
  

• Average days on market: 67.
  
  

• One of the fastest-growing suburbs in the U.S., with new master-planned communities offering attainable single-family homes.
  
  

Avondale, AZ

• Median sale price: ≈ $422,000 (+1.4% YoY).
  
  

• Strong demand thanks to its proximity to I-10 and downtown Phoenix.
  
  

• Excellent for buyers who want suburban comfort with quick city access.
  
  

 Queen Creek, AZ

• Median sale price: ≈ $631,770 (-2.4% YoY).
  
  

• Popular with remote workers and families seeking larger lots.
  
  

• New builds continue to expand eastward, offering more options each quarter.
  
  

These cities exemplify the diversity of homes for sale in Arizona — from entry-level to mid-market and luxury. Partnering with a knowledgeable agent like Loretta Sernowski – REMAX Fine Properties ensures buyers identify hidden gems before they hit major listing sites.

7. Comparing Phoenix to Neighboring Cities

Every sub-market in Maricopa County tells a different story:

• Mesa, AZ: Median sale price ≈ $470,000 (+2.2% YoY). A balanced market with strong school districts and convenient freeway access.
  
  

• Gilbert, AZ: Median sale price ≈ $570,000 (-1.3% YoY). A family-friendly city that retains long-term value due to quality infrastructure.
  
  

• Scottsdale, AZ: Premium destination for high-end buyers. Median list prices surpass $700,000, yet resale demand remains steady.
  
  

By understanding these differences, relocating buyers can align their search — deciding whether lifestyle, commute, or affordability drives their move.

8. Tips for Out-of-State Buyers Moving to Arizona

If you’re relocating from another state, Arizona’s home-buying process may feel different. Here are quick insights from Loretta Sernowski – REMAX Fine Properties:

1. Research property taxes — They’re relatively low compared to many coastal states, but vary by county and HOA.
   
   

2. Consider climate costs — Budget for higher summer electricity usage and possible landscaping needs.
   
   

3. Get pre-approved early — Competition remains strong for quality listings.
   
   

4. Use local expertise — Zillow and Redfin can guide you, but local agents know micro-market trends in places like Gilbert, Mesa, and Buckeye.
   
   

5. Visit in person if possible — Photos can’t convey neighborhood feel, noise levels, or commute times.
   
   

9. The Future of Arizona Real Estate

Looking ahead to 2026, analysts expect moderate appreciation across most Maricopa County sub-markets, with new-build inventory helping balance supply and demand.

Phoenix will continue expanding southward and westward, bringing more opportunities in areas like Laveen, Tolleson, and Buckeye. Buyers who purchase early in these growth corridors could see strong long-term ROI.

With population inflow projected to stay high, it’s an ideal time to explore homes for sale in Arizona — especially with an experienced guide like Loretta Sernowski – REMAX Fine Properties to navigate the landscape.

10. Finding Your Arizona Home Sweet Home

The opening of Ascent on Broadway marks more than a ribbon-cutting — it represents Arizona’s ongoing effort to create inclusive, vibrant neighborhoods. For homebuyers, it’s also a reminder that opportunities exist across every corner of Maricopa County, from urban Phoenix to scenic Queen Creek.

If you’re browsing houses for sale in Arizona, homes for sale in Phoenix AZ, or even homes for sale Mesa AZ or homes for sale in Gilbert AZ, now is the time to explore your options. Affordable doesn’t mean settling — it means smart positioning in a market full of growth and potential.

Reach out to Loretta Sernowski – REMAX Fine Properties today to discover your next Arizona home and get personalized insight into the Valley’s evolving real-estate landscape.