Zip 85034 (Phoenix, AZ) Housing

The median value of housing in Phoenix, Arizona (85034) is $281,400. This is significantly lower than the US median house value of $338,100. However, the one year appreciation rate for housing in this area is 10.65%, higher than the 8.27% national average. This may indicate that Phoenix is a desirable place to invest in real estate and could be an attractive option for prospective buyers looking for healthy returns on their purchase investments.

The median home cost in Phoenix (zip 85034) is $281,400. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85034) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85034) real estate is 37 years old

The Rental Market in Phoenix (zip 85034)

- Renters make up 54.7% of the Phoenix (zip 85034) population
- 3.9% of houses and apartments in Phoenix (zip 85034), 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
	2,647.0	139,647,020.0
	33	42
	$281,400	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$5.68	$10.98
	$1,369	$2,690
	15.3%	57.4%
	11.9%	11.2%
	72.7%	31.4%
Vacant Housing
	3.9%	1.9%
	0.7%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	7.3%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	2.5%	3.9%
	10.8%	4.5%
	8.9%	11.3%
	14.5%	13.0%
	34.0%	20.1%
	12.6%	13.6%
	11.8%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	2.7%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	17.5%	13.6%
	17.5%	13.6%
	8.2%	13.6%
	18.1%	13.2%
	2.5%	14.8%
	8.2%	13.6%
	8.5%	10.0%
	5.2%	4.7%
	9.8%	12.2%

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