Zip 85016 (Phoenix, AZ) Housing

The housing market in 85016 Phoenix, AZ is quite impressive. The median value for a house in this area is $497,700, which is significantly higher than the US House Median Value of $338,100. What's more, the 1 year house appreciation rate in 85016 Phoenix stands at 10.65%, much higher than the national average of 8.27%. Clearly there is an active and growing demand for housing in the area. This makes it an ideal place to consider buying or renting property.

The median home cost in Phoenix (zip 85016) is $497,700. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85016) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85016) real estate is 47 years old

The Rental Market in Phoenix (zip 85016)

- Renters make up 44.9% of the Phoenix (zip 85016) population
- 2.5% of houses and apartments in Phoenix (zip 85016), 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
	21,264.0	139,647,020.0
	46	42
	$497,700	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$6.27	$10.98
	$2,324	$2,690
	42.1%	57.4%
	15.0%	11.2%
	43.0%	31.4%
Vacant Housing
	2.5%	1.9%
	0.7%	0.4%
	1.9%	0.7%
	0.5%	0.4%
	2.7%	3.6%
	6.7%	4.1%
Value of Owner-Occupied Housing
	2.1%	2.6%
	0.3%	2.4%
	0.0%	2.8%
	0.7%	3.9%
	0.3%	4.5%
	4.0%	11.3%
	7.1%	13.0%
	17.5%	20.1%
	25.4%	13.6%
	10.7%	8.3%
	17.7%	9.7%
	7.4%	3.9%
	4.9%	2.2%
	1.1%	0.8%
	0.8%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	9.0%	13.6%
	9.0%	13.6%
	9.8%	13.6%
	11.3%	13.2%
	17.3%	14.8%
	9.8%	13.6%
	15.0%	10.0%
	6.0%	4.7%
	1.4%	12.2%

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