Zip 85037 (Phoenix, AZ) Housing

Housing in Phoenix, AZ (Zip code 85037) is on the rise. The median value of a house in this area currently stands at $332,400, which is slightly lower than the US median house value of $338,100. However, the appreciation rate for housing in Phoenix is higher than the national rate at 10.65%, compared to 8.27%. This indicates that housing prices are continuing to trend upwards and that now may be a good time to purchase property in this area.

The median home cost in Phoenix (zip 85037) is $332,400. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85037) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85037) real estate is 24 years old

The Rental Market in Phoenix (zip 85037)

- Renters make up 37.5% of the Phoenix (zip 85037) population
- 0.5% of houses and apartments in Phoenix (zip 85037), 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
	15,634.0	139,647,020.0
	28	42
	$332,400	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$5.38	$10.98
	$1,103	$2,690
	58.6%	57.4%
	4.4%	11.2%
	37.0%	31.4%
Vacant Housing
	0.5%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	0.7%	0.4%
	1.2%	3.6%
	1.3%	4.1%
Value of Owner-Occupied Housing
	4.4%	2.6%
	0.4%	2.4%
	0.3%	2.8%
	0.6%	3.9%
	2.1%	4.5%
	10.3%	11.3%
	29.0%	13.0%
	42.3%	20.1%
	8.3%	13.6%
	0.8%	8.3%
	0.4%	9.7%
	0.7%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	26.9%	13.6%
	26.9%	13.6%
	26.5%	13.6%
	19.6%	13.2%
	18.4%	14.8%
	26.5%	13.6%
	1.2%	10.0%
	1.0%	4.7%
	1.5%	12.2%

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