Zip 85054 (Phoenix, AZ) Housing

Phoenix, AZ is an area with a high housing median value of $607,100, significantly higher than the US House Median Value of $338,100. Recently, the US housing market has seen an appreciation rate of 8.27%, but Phoenix has seen a higher rate of 10.65%. This suggests that housing in Phoenix is in demand and a great investment opportunity for potential buyers.

The median home cost in Phoenix (zip 85054) is $607,100. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85054) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85054) real estate is 14 years old

The Rental Market in Phoenix (zip 85054)

- Renters make up 48.6% of the Phoenix (zip 85054) population
- 4.8% of houses and apartments in Phoenix (zip 85054), 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
	5,314.0	139,647,020.0
	14	42
	$607,100	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$5.69	$10.98
	$2,924	$2,690
	28.6%	57.4%
	20.9%	11.2%
	50.4%	31.4%
Vacant Housing
	4.8%	1.9%
	5.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	8.5%	3.6%
	2.6%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.0%	11.3%
	6.6%	13.0%
	28.7%	20.1%
	13.0%	13.6%
	17.7%	8.3%
	22.8%	9.7%
	3.7%	3.9%
	5.5%	2.2%
	0.9%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	48.2%	13.6%
	48.2%	13.6%
	17.4%	13.6%
	0.7%	13.2%
	0.3%	14.8%
	17.4%	13.6%
	0.0%	10.0%
	0.0%	4.7%
	0.0%	12.2%