The housing market in 85353 Phoenix, AZ is booming. The median value of a house in this area is $388,200 while the national median value is $338,100. This shows that houses in 85353 Phoenix, AZ are significantly more expensive than the national average. To top it all off, the one year appreciation rate for houses in this area is 11.29%, which is much higher than the US average of 8.27%. In conclusion, it appears that the housing market in 85353 Phoenix, AZ is very promising and may be worth investing in.
The median home cost in Phoenix (zip 85353) is $388,200. Home appreciation the last 10 years has been 198.2%. Home Appreciation in Phoenix (zip 85353) is up 21.9%.
Average Age of Homes
- The median age of Phoenix (zip 85353) real estate is 14 years old
The Rental Market in Phoenix (zip 85353)
- Renters make up 32.1% of the Phoenix (zip 85353) population
- 0.5% of houses and apartments in Phoenix (zip 85353), 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.