The housing in Arizona State is on the rise with a median value of $407,400. This is above the national median value of $338,100 and reflects an appreciation rate of 6.24% over the past year - just under the 8.27% appreciation rate seen across the country. This suggests that housing in Arizona is becoming increasingly desirable as more people move to the state and prices continue to rise.
The median home cost in Arizona is $407,400. Home appreciation the last 10 years has been 184.0%. Home Appreciation in Arizona is up 20.8%.
Average Age of Homes
- The median age of Arizona real estate is 28 years old
The Rental Market in Arizona
- Renters make up 30.4% of the Arizona population
- 1.6% of houses and apartments in Arizona, 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.