Phoenix, AZ

Full City Profile · Arizona · Maricopa County County

3.1 /5.0

B Good

1,624,832 Population 3,135/sq mi density

$77,041 Median Income $40,309 per capita

$381,900 Home Value $407,665 Zillow

$1,458 Median Rent 30.4% income on rent

74°F Avg Temperature 351 sunny days/yr

699 Violent Crime/100K 3,315 property/100K

Overall

3.1 / 5.0

Good overall score based on economy, affordability, safety and education

Economy

4.1 / 5.0

$77,041 median income, 3.5% unemployment

B+

Affordability

3.9 / 5.0

$381,900 home value, $1,458/mo rent

Safety

1.0 / 5.0

699 violent crimes/100K (84% above avg)

B+

Education

3.6 / 5.0

32.3% bachelor's degree or higher

Housing Overview

Median Home Value

$381,900

35% above

US avg: $281,900

Median Rent

$1,458/mo

25% above

US avg: $1,163/mo

Homeownership Rate

57.1%

13% below US avg (65.4%)

Total Housing Units

633,863

Median year built: 1984

Home Value by Source

Census Median

$381,900

Zillow (ZHVI)

$407,665

Median Sale Price

$460,900

Median List Price

$498,750

Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

57.1%

Owner-Occupied

42.9%

Renter-Occupied

57%

43%

US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio

$1,053/mo

1 Bedroom

$1,151/mo

2 Bedroom

$1,419/mo

3 Bedroom

$1,889/mo

4 Bedroom

$2,158/mo

Census median rent: $1,458/mo · Zillow rent: $1,556/mo

Market Indicators (Redfin)

Median Days on Market

62 days

Sale-to-List Ratio

1.0%

Buyers market

Homes Sold

1,233

Price Drops

29.7%

of listings with price reduction

Price Per Sq Ft

$279

Active Inventory

5,506

homes for sale

Affordability & Housing Stock

Rent Burden

30.4%

of renters spending 30%+ of income on housing

2% below US avg (31.0%)

Median Year Built

1984

Average age of housing stock: 42 years

Homeownership Rate

57.1%

Complete Housing Data

Home Values

Census Median Value	$381,900
Zillow Home Value (ZHVI)	$407,665
Median Sale Price	$460,900
Median List Price	$498,750
Price Per Sq Ft	$279

Rent

Census Median Rent	$1,458
Zillow Rent (ZORI)	$1,556
FMR Studio	$1,053
FMR 1-Bedroom	$1,151
FMR 2-Bedroom	$1,419
FMR 3-Bedroom	$1,889
FMR 4-Bedroom	$2,158

Market

Days on Market	62
Sale-to-List Ratio	1.0%
Price Drops	29.7%
Homes Sold	1,233
Active Inventory	5,506
Price Per Sq Ft	$279

Ownership & Stock

Owner-Occupied	57.1%
Renter-Occupied	42.9%
Homeownership Rate	57.1%
Total Housing Units	633,863
Median Year Built	1984
Rent Burden	30.4%