Zip 85051 (Phoenix, AZ) Housing

The housing market in Phoenix, AZ 85051 is quite strong. The median value for houses in this area is $322,100, which is slightly lower than the US house median value of $338,100. However, the one year house appreciation rate in Phoenix was 10.65%, which is higher than the US average of 8.27%. This suggests that investing in real estate, particularly in this area of Phoenix could be a wise choice for potential buyers looking to get a great return on their investments.

The median home cost in Phoenix (zip 85051) is $322,100. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85051) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85051) real estate is 45 years old

The Rental Market in Phoenix (zip 85051)

- Renters make up 39.2% of the Phoenix (zip 85051) population
- 1.6% of houses and apartments in Phoenix (zip 85051), 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
	16,486.0	139,647,020.0
	48	42
	$322,100	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$5.28	$10.98
	$1,081	$2,690
	50.9%	57.4%
	5.1%	11.2%
	43.9%	31.4%
Vacant Housing
	1.6%	1.9%
	0.4%	0.4%
	1.1%	0.7%
	0.0%	0.4%
	0.6%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	1.7%	2.6%
	0.4%	2.4%
	2.0%	2.8%
	3.0%	3.9%
	1.6%	4.5%
	10.1%	11.3%
	28.9%	13.0%
	39.7%	20.1%
	9.6%	13.6%
	1.3%	8.3%
	1.0%	9.7%
	0.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	3.6%	13.6%
	3.6%	13.6%
	4.9%	13.6%
	15.6%	13.2%
	33.4%	14.8%
	4.9%	13.6%
	13.2%	10.0%
	2.0%	4.7%
	0.3%	12.2%

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