Zip 85024 (Phoenix, AZ) Housing

The median value of housing in 85024 Phoenix, AZ is $471,500 according to recent data. This figure is significantly higher than the US median value of $338,100. Furthermore, the one-year appreciation rate in this area stands at 10.65%, which is greater than the US average of 8.27%. This indicates that housing prices in this region are rising quickly and is an appealing option for potential buyers or investors looking to purchase a home in Phoenix, AZ.

The median home cost in Phoenix (zip 85024) is $471,500. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85024) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85024) real estate is 23 years old

The Rental Market in Phoenix (zip 85024)

- Renters make up 29.6% of the Phoenix (zip 85024) population
- 1.0% of houses and apartments in Phoenix (zip 85024), 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
	10,599.0	139,647,020.0
	26	42
	$471,500	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$5.49	$10.98
	$1,720	$2,690
	61.4%	57.4%
	5.1%	11.2%
	33.5%	31.4%
Vacant Housing
	1.0%	1.9%
	0.9%	0.4%
	0.0%	0.7%
	0.5%	0.4%
	0.8%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	4.9%	2.6%
	4.2%	2.4%
	0.4%	2.8%
	1.0%	3.9%
	0.5%	4.5%
	1.5%	11.3%
	8.0%	13.0%
	25.9%	20.1%
	27.5%	13.6%
	16.3%	8.3%
	8.1%	9.7%
	1.4%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	25.8%	13.6%
	25.8%	13.6%
	35.4%	13.6%
	25.6%	13.2%
	3.0%	14.8%
	35.4%	13.6%
	0.9%	10.0%
	0.4%	4.7%
	1.6%	12.2%

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