Avondale is a modern city, near the heart of the Phoenix-metropolitan area. The current population is more than 70,000, and is expected to reach 123,000 by the year 2020. The anticipated build-out population is estimated to be 170,000 residents. That rapid growth makes Avondale one of the fastest-growing communities in the valley, and the nation. Over the last decade, housing starts grew more than 700% with a current average home price of $273,000. Household income has steadily increased and is currently estimated at $72,024.
To keep pace with the rapidly-growing population, a variety of cultural, economic, recreational and educational advantages have evolved. Resources range from the programs of the West Valley Arts Council to the academic resources of Estrella Mountain Community College and Universal Technical Institute. From the soccer fields of Friendship Park to the high excitement of Phoenix International Raceway(PIR), Avondale has something for everyone. PIR is billed as the world’s fastest one-mile paved oval and plays host to multiple NASCAR events annually, each attracting nearly 400,000 enthusiasts and hundreds of race teams, contributing hundreds of millions of dollars into the state and local economy.
Avondale is situated in an ideal commercial corridor at the crossroads of Interstate 10 and the Loop 101, which has piqued the interest of many investors, especially along the I-10 and Avondale Boulevard. This corridor is a mecca of multiple power retail centers, an extensive auto mall, hotels, restaurants, business parks and more.
Avondale has already begun the next step in its evolution to meet the growing local demand for employment, with an emerging medical corridor, attraction of offices, business parks and light manufacturing. Over 400 acres, designated as employment in the General Plan, is currently in various stages of design approval, and under construction.