Zip 85027 (Phoenix, AZ) Housing

The housing market in 85027 Phoenix, AZ is a hot one. The median housing value in this area is $374,900, which is significantly higher than the US median housing value of $338,100. The appreciation rate of houses in 85027 Phoenix, AZ is even more impressive at 10.65%, well above the US 1 year house appreciation rate of 8.27%. This data indicates that housing prices are rising quickly in 85027 Phoenix, AZ and that it could be a great place to invest in real estate.

The median home cost in Phoenix (zip 85027) is $374,900. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85027) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85027) real estate is 29 years old

The Rental Market in Phoenix (zip 85027)

- Renters make up 39.8% of the Phoenix (zip 85027) population
- 1.5% of houses and apartments in Phoenix (zip 85027), 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
	16,956.0	139,647,020.0
	33	42
	$374,900	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$5.05	$10.98
	$1,182	$2,690
	51.2%	57.4%
	5.0%	11.2%
	43.8%	31.4%
Vacant Housing
	1.5%	1.9%
	0.4%	0.4%
	0.9%	0.7%
	0.3%	0.4%
	0.5%	3.6%
	1.3%	4.1%
Value of Owner-Occupied Housing
	4.3%	2.6%
	5.2%	2.4%
	0.8%	2.8%
	0.7%	3.9%
	1.4%	4.5%
	6.5%	11.3%
	13.7%	13.0%
	44.3%	20.1%
	20.5%	13.6%
	1.2%	8.3%
	1.2%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	10.3%	13.6%
	10.3%	13.6%
	28.4%	13.6%
	35.0%	13.2%
	19.6%	14.8%
	28.4%	13.6%
	0.2%	10.0%
	0.3%	4.7%
	0.9%	12.2%

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