Housing in 85023 Phoenix, AZ is a great investment. The median value of housing in this area is $393,200, which is higher than the US median value of $338,100. Furthermore, the one year appreciation rate of 10.65% in 85023 Phoenix AZ is higher than the national average of 8.27%. This means that investing in housing in this area would be beneficial for potential homeowners and investors alike.
The median home cost in Phoenix (zip 85023) is $393,200. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85023) is up 21.8%.
Average Age of Homes
- The median age of Phoenix (zip 85023) real estate is 34 years old
The Rental Market in Phoenix (zip 85023)
- Renters make up 38.5% of the Phoenix (zip 85023) population
- 1.4% of houses and apartments in Phoenix (zip 85023), 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.