Zip 85007 (Phoenix, AZ) Housing

The housing market in 85007 Phoenix, AZ is thriving with a median value of $409,300. This is significantly higher than the US house median value of $338,100. The appreciation rate has also been encouraging - with an appreciation rate of 10.65% over the past year compared to the US 1 year house appreciation of 8.27%. This indicates a strong and prosperous housing market in 85007 Phoenix, AZ, making it an ideal place to invest in real estate.

The median home cost in Phoenix (zip 85007) is $409,300. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85007) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85007) real estate is 64 years old

The Rental Market in Phoenix (zip 85007)

- Renters make up 51.2% of the Phoenix (zip 85007) population
- 1.5% of houses and apartments in Phoenix (zip 85007), 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
	6,046.0	139,647,020.0
	60	42
	$409,300	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$4.62	$10.98
	$1,377	$2,690
	34.8%	57.4%
	11.8%	11.2%
	53.5%	31.4%
Vacant Housing
	1.5%	1.9%
	0.9%	0.4%
	0.7%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	8.6%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	0.3%	2.4%
	0.8%	2.8%
	2.5%	3.9%
	1.7%	4.5%
	5.1%	11.3%
	14.7%	13.0%
	23.6%	20.1%
	18.7%	13.6%
	10.3%	8.3%
	14.9%	9.7%
	4.2%	3.9%
	1.4%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.4%	13.6%
	8.4%	13.6%
	8.0%	13.6%
	5.4%	13.2%
	6.1%	14.8%
	8.0%	13.6%
	12.8%	10.0%
	9.3%	4.7%
	25.4%	12.2%

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