The housing market in 85035 Phoenix, AZ is very healthy. The median value of housing in the area is $302,500, substantially lower than the US House Median Value of $338,100. Despite this lower cost, the house appreciation rate in 85035 Phoenix, AZ over the last year has been an impressive 10.65%, outpacing the US 1 year House Appreciation rate of 8.27%. This suggests that investing in 85035 Phoenix, AZ real estate can be a sound decision that yields good returns.
The median home cost in Phoenix (zip 85035) is $302,500. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85035) is up 21.8%.
Average Age of Homes
- The median age of Phoenix (zip 85035) real estate is 39 years old
The Rental Market in Phoenix (zip 85035)
- Renters make up 55.8% of the Phoenix (zip 85035) population
- 1.1% of houses and apartments in Phoenix (zip 85035), 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.