Zip 85018 (Phoenix, AZ) Housing

The housing market in 85018 Phoenix, AZ has been growing steadily in recent years. The median value of a house in the area is $810,400, which is significantly higher than the US median value of $338,100. In the last year alone, houses have appreciated by 10.65%, which is more than double the US rate of 8.27%. With such high appreciation rates and an already expensive market, it's no surprise that Phoenix is becoming increasingly popular for luxury living.

The median home cost in Phoenix (zip 85018) is $810,400. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85018) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85018) real estate is 51 years old

The Rental Market in Phoenix (zip 85018)

- Renters make up 38.1% of the Phoenix (zip 85018) population
- 2.1% of houses and apartments in Phoenix (zip 85018), 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
	18,981.0	139,647,020.0
	53	42
	$810,400	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$5.02	$10.98
	$3,121	$2,690
	48.5%	57.4%
	10.6%	11.2%
	40.9%	31.4%
Vacant Housing
	2.1%	1.9%
	0.0%	0.4%
	0.9%	0.7%
	0.8%	0.4%
	1.8%	3.6%
	5.0%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	0.0%	2.4%
	0.4%	2.8%
	0.4%	3.9%
	0.4%	4.5%
	3.3%	11.3%
	4.8%	13.0%
	7.2%	20.1%
	10.5%	13.6%
	9.2%	8.3%
	27.3%	9.7%
	15.0%	3.9%
	10.8%	2.2%
	6.6%	0.8%
	3.6%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	5.3%	13.6%
	5.3%	13.6%
	6.3%	13.6%
	8.4%	13.2%
	17.4%	14.8%
	6.3%	13.6%
	29.6%	10.0%
	0.9%	4.7%
	0.7%	12.2%

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