Zip 85021 (Phoenix, AZ) Housing

The housing market in Phoenix, AZ (85021) is thriving. The median value of a house in this area is $442,300, which is significantly higher than the US median value of $338,100. In addition to the already high prices for housing, the appreciation rate of houses has been increasing at an impressive rate; over the past year, house appreciation in 85021 has increased by 10.65%, compared to 8.27% nationally. This indicates that people are investing heavily in Phoenix real estate and that it should remain a strong market for some time into the future.

The median home cost in Phoenix (zip 85021) is $442,300. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85021) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85021) real estate is 42 years old

The Rental Market in Phoenix (zip 85021)

- Renters make up 49.1% of the Phoenix (zip 85021) population
- 4.1% of houses and apartments in Phoenix (zip 85021), 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
	17,809.0	139,647,020.0
	46	42
	$442,300	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$6.41	$10.98
	$2,121	$2,690
	35.9%	57.4%
	8.6%	11.2%
	55.5%	31.4%
Vacant Housing
	4.1%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.5%	3.6%
	3.0%	4.1%
Value of Owner-Occupied Housing
	3.2%	2.6%
	1.9%	2.4%
	0.7%	2.8%
	0.8%	3.9%
	0.9%	4.5%
	4.3%	11.3%
	10.8%	13.0%
	22.9%	20.1%
	14.8%	13.6%
	8.4%	8.3%
	20.7%	9.7%
	7.1%	3.9%
	3.4%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.1%	13.6%
	8.1%	13.6%
	11.1%	13.6%
	18.6%	13.2%
	19.8%	14.8%
	11.1%	13.6%
	21.7%	10.0%
	2.4%	4.7%
	0.8%	12.2%

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