The housing market in 85003 Phoenix, AZ is thriving! The median value for a house in this area is $539,000, which is significantly higher than the US median of $338,100. This indicates that there is a high demand for housing in 85003 Phoenix, AZ. Additionally, the house appreciation rate over the past year was 10.65%, which is greater than the national average of 8.27%. This suggests that prices are rising quickly and homes are gaining value at a faster rate here than elsewhere across the country. With such great housing values and appreciation rates, investing in real estate in 85003 Phoenix, AZ can be an excellent choice for potential buyers or investors looking to make an impactful purchase.
The median home cost in Phoenix (zip 85003) is $539,000. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85003) is up 21.8%.
Average Age of Homes
- The median age of Phoenix (zip 85003) real estate is 59 years old
The Rental Market in Phoenix (zip 85003)
- Renters make up 55.3% of the Phoenix (zip 85003) population
- 3.4% of houses and apartments in Phoenix (zip 85003), 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.