Verrado Community Growth

You can see it by the traffic, tee time availability, and fitness center usage that Verrado is growing—yet we still have 45% more growth to come.  Numbers don’t lie, so here they are:

Growth: 

• 6,374 homes closed to date
• 16,600 current residents 
• 55% built-out (based on current planning)

Net New Home Sales:

• 304 home sales in 2022 
• 604 home sales in 2021 (*record)

New Home Closing Data:

• Verrado 2022
  • 283 homes closed
  • $515,537 average price
  • $233 /sq ft average price
• Verrado 2021
  • 412 homes closed
  • $393,000 average price
  • $184 /sq ft average price
• Victory 2022
  • 187 homes closed
  • $504,261 average price
  • $284 / sq ft average price
• Victory 2021
  • 207 homes closed
  • $526,000 average price
  • $235 / sq ft average price
  • $100,000 average base price increase

Demographics

• Population
  • 2021 Total Population
    • 1 mile: 5,789
    • 3 miles: 39,219
    • 5 miles: 76,584
    • Trade Area:173,539
  • 2026 Total Population (proj)
    • 1 mile: 6,366
    • 3 miles: 43,072
    • 5 miles: 84,759
    • Trade Area:193,030
• Average HH Income (2021)
  • 1 mile: $125,254
  • 3 miles: $101,984
  • 5 miles: $105,478
  • Trade Area: $75,655
• Median HH Income (2021)
  • 1 mile: $106,758
  • 3 miles: $84,422
  • 5 miles: $86,151
  • Trade Area: $78,725
• Per Capita Income (2021)
  • 1 mile: $39,308
  • 3 miles: $31,149
  • 5 miles: $31,169
  • Trade Area: $27,869
• Median Age (2022)
  • 34.8 yrs old

Community Facts:

• The community has two elementary, two middle and one high school—all Grade “A” rated.
• Loop 303 access off Indian School Road, plus a full-diamond interchange at Jackrabbit Trail and Interstate 10.
• The community has its own full-diamond interchange off of Interstate 10 at Verrado Way.
• The first residents moved in during summer of 2002.
• Banner Health opened its first phase of a new regional hospital at the northwest corner of 
• Verrado Way & I-10
• Total Community spans 8800 acres in 13 square miles
• 21 miles of hiking trails
• 71 neighborhood parks
• 2 18-hole golf courses
• Verrado has been named “Best Place to Live” by Arizona Foothills Magazine

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