The housing market in 85015 Phoenix, AZ is doing well. According to the latest data, the median value of a home there is $338,300, which is only slightly higher than the US median value of $338,100. Additionally, the rate of appreciation over the last year was 10.65%, which was higher than the national rate of 8.27%. This indicates that the housing market in 85015 Phoenix, AZ is strong and that real estate investments made there are likely to increase in value over time.
The median home cost in Phoenix (zip 85015) is $338,300. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85015) is up 21.8%.
Average Age of Homes
- The median age of Phoenix (zip 85015) real estate is 50 years old
The Rental Market in Phoenix (zip 85015)
- Renters make up 53.4% of the Phoenix (zip 85015) population
- 4.4% of houses and apartments in Phoenix (zip 85015), 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.