The housing market in Phoenix, OR is slightly lower than the US average with a median house value of $357,200. However, while appreciation rates across the US have seen an increase of 8.27%, appreciation rates in Phoenix have only increased by 3.82% over the last year. Despite this relative stagnation, Phoenix remains an attractive place for people to invest in property due to its strong economic base and desirable location.
The median home cost in Phoenix is $357,200. Home appreciation the last 10 years has been 129.8%. Home Appreciation in Phoenix is up 8.5%.
Average Age of Homes
- The median age of Phoenix real estate is 33 years old
The Rental Market in Phoenix
- Renters make up 30.5% of the Phoenix population
- 0.0% 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.