Zip 85008 (Phoenix, AZ) Housing

The housing median value in 85008 Phoenix, AZ is $342,300, which is slightly higher than the US house median value of $338,100. The one year house appreciation rate for the US is 8.27%, while the one year appreciation rate for 85008 Phoenix, AZ is 10.65%. This indicates that there has been a significant increase in housing value in this area over the past year. As such, it may be an attractive option for those looking to invest in real estate or purchase a home in the area.

The median home cost in Phoenix (zip 85008) is $342,300. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85008) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85008) real estate is 41 years old

The Rental Market in Phoenix (zip 85008)

- Renters make up 61.6% of the Phoenix (zip 85008) population
- 1.7% of houses and apartments in Phoenix (zip 85008), 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, Arizona	United States
	24,296.0	139,647,020.0
	44	42
	$342,300	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$5.29	$10.98
	$1,229	$2,690
	26.6%	57.4%
	7.1%	11.2%
	66.3%	31.4%
Vacant Housing
	1.7%	1.9%
	0.1%	0.4%
	0.1%	0.7%
	0.0%	0.4%
	0.3%	3.6%
	4.8%	4.1%
Value of Owner-Occupied Housing
	5.9%	2.6%
	0.9%	2.4%
	0.7%	2.8%
	2.0%	3.9%
	1.3%	4.5%
	12.8%	11.3%
	18.6%	13.0%
	23.7%	20.1%
	20.2%	13.6%
	10.1%	8.3%
	3.0%	9.7%
	0.4%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	12.8%	13.6%
	12.8%	13.6%
	14.2%	13.6%
	13.5%	13.2%
	14.8%	14.8%
	14.2%	13.6%
	18.1%	10.0%
	6.5%	4.7%
	3.4%	12.2%

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