Phoenix-Mesa-Chandler Metro Area, AZ Housing

In the Phoenix-Mesa-Scottsdale, AZ Metro Area, housing median value is significantly higher than the national average at $448,600. This is also evidenced by the 13.02% year-over-year appreciation rate in this area compared to the 8.27% appreciation rate for the entire United States. This indicates a strong housing market in Phoenix-Mesa-Scottsdale and suggests that it is a great place to invest in real estate.

The median home cost in Phoenix-Mesa-Chandler Metro Area is $448,600. Home appreciation the last 10 years has been 208.1%. Home Appreciation in Phoenix-Mesa-Chandler Metro Area is up 22.0%.

Average Age of Homes

- The median age of Phoenix-Mesa-Chandler Metro Area real estate is 26 years old

The Rental Market in Phoenix-Mesa-Chandler Metro Area

- Renters make up 32.1% of the Phoenix-Mesa-Chandler Metro Area population
- 1.6% of houses and apartments in Phoenix-Mesa-Chandler Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Phoenix-Mesa-Chandler, Arizona	United States
	1,965,632.0	139,647,020.0
	29	42
	$448,600	$338,100
	22.0%	16.6%
	93.9%	57.0%
	208.1%	101.1%
	$5.76	$10.98
	$1,701	$2,690
	58.8%	57.4%
	9.6%	11.2%
	31.7%	31.4%
Vacant Housing
	1.6%	1.9%
	0.4%	0.4%
	0.7%	0.7%
	0.6%	0.4%
	4.3%	3.6%
	1.9%	4.1%
Value of Owner-Occupied Housing
	2.9%	2.6%
	1.8%	2.4%
	1.1%	2.8%
	1.1%	3.9%
	1.4%	4.5%
	5.1%	11.3%
	10.7%	13.0%
	27.3%	20.1%
	20.3%	13.6%
	11.4%	8.3%
	10.6%	9.7%
	3.3%	3.9%
	1.6%	2.2%
	0.5%	0.8%
	0.7%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	24.5%	13.6%
	24.5%	13.6%
	19.4%	13.6%
	16.8%	13.2%
	15.4%	14.8%
	19.4%	13.6%
	4.8%	10.0%
	1.2%	4.7%
	0.9%	12.2%

Reviews for Phoenix-Mesa-Chandler

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Wes · Scottsdale, AZ

Sunny, Beautiful & Fun Metro

Over 4 years ago

Where else can you find sunny weather year round surrounded by beautiful mountain and the most unique ecosystem in the country. Great nightlife and urban amenities are More