Phoenix, AZ is a great place to invest in housing. The median value of housing in Phoenix is $413,000, which is higher than the US house median value of $338,100. In addition, the 1 year house appreciation rate in Phoenix is 10.69%, almost two percentage points higher than the US average of 8.27%. These figures make Phoenix an attractive real estate market for those looking to invest in housing.
The median home cost in Phoenix is $413,000. Home appreciation the last 10 years has been 218.2%. Home Appreciation in Phoenix is up 21.8%.
Average Age of Homes
- The median age of Phoenix real estate is 35 years old
The Rental Market in Phoenix
- Renters make up 40.1% of the Phoenix population
- 1.7% of houses and apartments in Phoenix, 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.