Housing in 85020 Phoenix, AZ is quite strong compared to the national average. The median value of a house in this zip code is $378,600 - significantly higher than the US median of $338,100. Furthermore, the 1 year house appreciation rate is 10.65%, which is higher than the 8.27% national average. With these numbers it would appear that housing in 85020 Phoenix, AZ remains a solid investment with a positive future outlook.
The median home cost in Phoenix (zip 85020) is $378,600. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85020) is up 21.8%.
Average Age of Homes
- The median age of Phoenix (zip 85020) real estate is 42 years old
The Rental Market in Phoenix (zip 85020)
- Renters make up 38.3% of the Phoenix (zip 85020) population
- 3.0% of houses and apartments in Phoenix (zip 85020), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.