Zip 85031 (Phoenix, AZ) Housing

The housing market in 85031 Phoenix, AZ is thriving. According to recent data, the median value of a house in this area is $316,300, which is slightly lower than the US median value of $338,100. Furthermore, the one year appreciation rate of houses in 85031 Phoenix, AZ was 10.65%, higher than the national average of 8.27%. This information suggests that this area has experienced steady growth in its housing market over the past year and that now is a great time to invest in real estate in 85031 Phoenix, AZ.

The median home cost in Phoenix (zip 85031) is $316,300. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85031) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85031) real estate is 57 years old

The Rental Market in Phoenix (zip 85031)

- Renters make up 45.2% of the Phoenix (zip 85031) population
- 1.7% of houses and apartments in Phoenix (zip 85031), 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
	8,994.0	139,647,020.0
	61	42
	$316,300	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$4.69	$10.98
	$836	$2,690
	56.7%	57.4%
	5.5%	11.2%
	37.7%	31.4%
Vacant Housing
	1.7%	1.9%
	0.3%	0.4%
	0.4%	0.7%
	1.5%	0.4%
	0.0%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	4.6%	2.6%
	0.9%	2.4%
	0.6%	2.8%
	2.8%	3.9%
	1.9%	4.5%
	14.9%	11.3%
	37.8%	13.0%
	32.5%	20.1%
	2.7%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	1.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.2%	13.6%
	3.2%	13.6%
	1.7%	13.6%
	9.5%	13.2%
	17.1%	14.8%
	1.7%	13.6%
	47.0%	10.0%
	1.8%	4.7%
	0.6%	12.2%

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