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Phoenix, AZ Real Estate

Phoenix anchors one of Arizona's largest metro areas with a population of about 1,624,832. The median home value is near $381,900, and median rent runs around $1,458/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value
$381,900
Median Rent
$1,458/mo
Population
1,624,832
Median Income
$77,041
Median Age
34.8
Homeownership
57.1%

Monthly payment on a median Phoenix home

Example for a $381,900 home: 20% down, 30-yr at ~6.75%, AZ property tax ~0.63%, 0.4% insurance.

Est. monthly (PITI)
$2,309
Principal & interest
$1,982
Property tax / mo
$200
Down payment (20%)
$76,380

Phoenix at a glance

  • 19.9% of residents 25+ hold a bachelor's degree or higher.
  • 57.1% of occupied homes are owner-occupied.
  • Median household income is $77,041.
  • Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

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