Zip 85050 (Phoenix, AZ) Housing

The housing market in 85050 Phoenix, AZ is performing well. The median value of a house in this area is $593,600, which greatly exceeds the US median value of $338,100. This area has seen an even greater appreciation over the past year than the rest of the country at 10.65%, compared to 8.27% nationwide. This indicates that investing in 85050 Phoenix is a great choice for those looking to purchase a house and will likely experience increased returns on their investment over time.

The median home cost in Phoenix (zip 85050) is $593,600. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85050) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85050) real estate is 20 years old

The Rental Market in Phoenix (zip 85050)

- Renters make up 25.6% of the Phoenix (zip 85050) population
- 0.5% of houses and apartments in Phoenix (zip 85050), 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
	12,292.0	139,647,020.0
	23	42
	$593,600	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$6.12	$10.98
	$2,445	$2,690
	72.5%	57.4%
	4.5%	11.2%
	23.0%	31.4%
Vacant Housing
	0.5%	1.9%
	0.3%	0.4%
	1.2%	0.7%
	0.7%	0.4%
	1.4%	3.6%
	0.4%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	1.0%	2.4%
	2.1%	2.8%
	2.4%	3.9%
	1.2%	4.5%
	2.7%	11.3%
	3.3%	13.0%
	12.3%	20.1%
	24.4%	13.6%
	15.3%	8.3%
	20.9%	9.7%
	11.9%	3.9%
	1.1%	2.2%
	0.6%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	25.8%	13.6%
	25.8%	13.6%
	41.9%	13.6%
	12.8%	13.2%
	3.1%	14.8%
	41.9%	13.6%
	0.2%	10.0%
	0.1%	4.7%
	0.2%	12.2%

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