Zip 85012 (Phoenix, AZ) Housing

The housing market in 85012 Phoenix, AZ is considerably more expensive than the national average. The median value in this area is $639,700, while the US House Median Value is $338,100. This difference is due to the high demand of homes in the area and increased appreciation rates - with a 1 year house appreciation rate of 10.65% compared to 8.27% nationally. People from all over the country are flocking to Phoenix and looking for nice areas with desirable amenities; 85012 Phoenix offers just that, making it an attractive prospect for potential buyers.

The median home cost in Phoenix (zip 85012) is $639,700. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85012) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85012) real estate is 50 years old

The Rental Market in Phoenix (zip 85012)

- Renters make up 44.0% of the Phoenix (zip 85012) population
- 3.0% of houses and apartments in Phoenix (zip 85012), 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
	4,728.0	139,647,020.0
	46	42
	$639,700	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$5.67	$10.98
	$3,053	$2,690
	38.5%	57.4%
	11.5%	11.2%
	50.0%	31.4%
Vacant Housing
	3.0%	1.9%
	0.4%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	2.0%	3.6%
	6.1%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.4%	3.9%
	0.6%	4.5%
	4.6%	11.3%
	5.1%	13.0%
	20.3%	20.1%
	6.0%	13.6%
	7.3%	8.3%
	34.1%	9.7%
	13.4%	3.9%
	5.7%	2.2%
	0.7%	0.8%
	1.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	11.0%	13.6%
	11.0%	13.6%
	10.0%	13.6%
	6.0%	13.2%
	14.3%	14.8%
	10.0%	13.6%
	14.2%	10.0%
	10.1%	4.7%
	2.5%	12.2%

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