El Mirage Arizona homes for sale
The ancient Hohokam were the earliest inhabitants of El Mirage AZ, migrating north out of Mexico around 300 BC. They were skilled irrigation farmers, devising an ingenious irrigation network throughout the region. In 1867, the old Hohokam canals were dug out, and once again used for farming. This effort was the beginning of El Mirage.
El Mirage AZ is a diverse small city, just 10 miles northwest of downtown Phoenix, and just minutes away from Luke Air Force base. The City of El Mirage is very proud to support the men and women of Luke Air Force Base. Luke AFB is the largest fighter pilot training center in the entire world, bringing with them a sense of pride.
El Mirage has grown from a small agriculture community, into a city with a diverse urban economy and a population of more than 35,000. In fact, the city of El Mirage is a player on the world stage, as part of the Greater Maricopa Foreign Trade Zone. The trade zone is a 400-acre piece of El Mirage real estate, designated by the government. This is a place where both domestic and foreign goods may be warehoused, assembled, and exhibited for sale exempted from U.S. Customs duties and excise taxes. The Foreign Trade Zone is, in fact, an integral part of the city’s future.
That said, El Mirage maintains a friendly, small-town feel, while still being close enough to all of the amenities Phoenix has to offer. Located on the westside of the Agua Fria riverbed, El Mirage is close to the 10,000-acre Lake Pleasant Regional Park, as well as the vast White Tank Mountain Regional Park.
Whether it’s fishing, boating, or hiking in the pristine Arizona desert and the surrounding mountains is always close by.
El Mirage homes for sale are a good value, at 29% lower than anywhere else in Arizona. The fact is, it pays to buy a home in El Mirage, since the rents here are 15% higher than the US national average. This could be due to the desirable location, close to Luke AFB. The Northwest Valley is growing rapidly, and El Mirage real estate is more in demand than ever. In fact, the biggest benefit of El Mirage homes for sale today is the appreciation. The year over year home appreciation in El Mirage has been 10.5%, and the 5-year appreciation rates were an impressive 12.8%. Appreciation rates like this are the best way to build tax-free equity for the future.
