Fountain Hills real estate is affected by many factors. Factors affecting Fountain Hills real estate include local and metro; demographics, economy, climate, education and lifestyle. Fountain Hills, Arizona is a suburb of the Metropolitan Phoenix, Arizona, and is located approx 40 minutes from downtown Phoenix. It is bordered to the north by McDowell Mountain regional Park, to the east by Fort McDowell Yavapai Nation, to the south by the Salt River Pima Community, and to the west by Scottsdale, Arizona.
Fountain Hills Real Estate Demographics
As of the 2005-2007 American Community Survey, there were 23,182 people, 10,364 households, and 7,344 families residing in the town. The racial makeup of the town was 96.2% White, 3.1% Hispanic, 0.9% Asian, 0.6% Black , 0.5% Native American, 0.1% Pacific Islander, 0.7% from other races/There were 8,653 households out of which 19.0% had children under the age of 18 living with them, 64.8% were married couples living together, and 29.1% were non-families.
Individuals comprised 24.0% of all Fountain Hills real estate households and 12.8% had someone living alone who was 65 years of age or older. The average household size was 2.24 and the average family size was 2.65.In the town the population was spread out with 17.7% under the age of 20, 2.8% from 20 to 24, 22.1% from 25 to 44, 35.4% from 45 to 64, and 22.2% who were 65 years of age or older. The median age was 49.7 years.
According to a 2007 estimate, the median income for a household in the town was $70,096, and the median income for a family was $82,114. The per capita income for the town was $44,660. About 4.4% of families and 5.2% of the population were below the poverty line, including 12.5% of those under age 18 and 4.1% of those age 65 or over.
Fountain Hills real estate is comprised of 12,731 housing units of which 67.3% were owner-occupied and 32.7 % were renter-occupied.
Fountain Hills Culture
Fountain Hills Arizona has earned a top accolade from Business Week magazine. It was named the “Best Affordable Suburb” in Arizona. The magazine states, “Fountain Hills, 20 miles from Phoenix in the Sonoran Desert, is known for its natural beauty and its massive fountain that shoots water 560 feet in the air on the hour. It’s on the eastern slope of the McDowell Mountains, and outdoor activities include boating, hiking, biking, and golfing. About 27% of residents are married with children. The average commute is 29 minutes.“ This bodes well for Fountain Hills real estate values.
The fountain at Fountain Hills was the world's tallest fountain when built and held that record for over 10 years. The fountain shoots water for 15 minutes every hour and can reach over 560 feet (170 m) in height. The plume of water is driven by three 500 horsepower pumps and rises from a water-lily sculpture in the center of a large lake.
The town holds two fairs annually; the Fountain Hills Great Fair which incorporates an arts festival with a carnival, and a local art fair. The town also holds Arizona’s only Thanksgiving Day Parade called the "Parada de Los Cerros" or Parade in the Hills.