Similar to nearby areas, it is significantly more expensive compared to the United States as a whole. Even when compared to the city of Phoenix, it is a lot more expensive.
Home prices
The value of the median home in New River is $376,700. It is approximately $14,640 (3%) lower compared to the surrounding areas.In comparison to the country as a whole it is about $159,200 (73%) higher, and it is roughly $141,300 (60%) higher in comparison to the city of Phoenix.
Rents
New River's median monthly rent is $1,968. In comparison to its surrounding areas it is approximately $679 (52%) higher.In comparison to the entire nation it is approximately $906 (85%) higher, and compared to the city of Phoenix it is about $915 (86%) higher.
Nearby places
Anthem
Anthem is New River's neighbor to the southwest. The housing prices there are a bit less expensive. The median home in Anthem is valued at $346,800, which is $29,900 (8%) lower than New River. Rent there is a little less expensive. The median rent in Anthem is $1,623 a month, which comes out to $345 (21%) lower than New River.
Cave Creek
Cave Creek is New River's neighbor to the southeast. The housing prices there are somewhat more expensive. Cave Creek's median home cost is $482,600, which comes out to $105,900 (21%) higher than New River. The rent there is a lot less expensive. The median monthly rent in Cave Creek is $1,335, which comes out to $633 (47%) lower than New River.
Carefree
Carefree is about 9 miles southeast from New River. Its real estate prices are a lot more expensive. The median home value in Carefree is $747,000, which works out to $370,300 (49%) higher than New River. Rent there is significantly less expensive. Carefree's median monthly rent is $1,446, which is $522 (36%) lower than New River.
Peoria
Peoria is approximately 13 miles southwest of New River. Real estate prices there are significantly less expensive. The median home cost in Peoria is $264,500, which comes out to $112,200 (42%) lower than New River. Rents there are substantially less expensive. The median monthly rent in Peoria is $1,255, which comes out to $713 (56%) lower than New River.
Black Canyon City
Black Canyon City is roughly 13 miles north from New River. Its housing prices are significantly less expensive. The median home cost in Black Canyon City is $115,800, which is $260,900 (225%) lower than New River. The rent there is a lot less expensive. In Black Canyon City the median rent is $785 per month, which comes out to $1,183 (150%) lower than New River.
