Zip 85048 (Phoenix, AZ) Housing

The housing market in Phoenix, AZ (85048) is robust with a median value of $544,100. This is significantly higher than the US Median House Value of $338,100. Furthermore, house appreciation in this area over the past year has been 10.65%, which is much higher than the US average of 8.27%. Clearly, Phoenix is a desirable place to invest in real estate and it appears that prices are only going up.

The median home cost in Phoenix (zip 85048) is $544,100. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85048) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85048) real estate is 23 years old

The Rental Market in Phoenix (zip 85048)

- Renters make up 23.9% of the Phoenix (zip 85048) population
- 1.5% of houses and apartments in Phoenix (zip 85048), 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
	13,962.0	139,647,020.0
	26	42
	$544,100	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$6.92	$10.98
	$2,773	$2,690
	66.4%	57.4%
	5.5%	11.2%
	28.1%	31.4%
Vacant Housing
	1.5%	1.9%
	0.5%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	2.6%	3.6%
	0.8%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	0.5%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.2%	4.5%
	0.7%	11.3%
	1.8%	13.0%
	14.4%	20.1%
	31.7%	13.6%
	21.1%	8.3%
	20.4%	9.7%
	4.7%	3.9%
	1.5%	2.2%
	2.2%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	15.8%	13.6%
	15.8%	13.6%
	54.6%	13.6%
	21.0%	13.2%
	1.8%	14.8%
	54.6%	13.6%
	0.2%	10.0%
	0.1%	4.7%
	0.0%	12.2%

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