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Phoenix, Arizona

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $78K, +5.0% YoY (ZIP); renters hold 46.1% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −7.4% YoY. inventory, +10.1% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $505,861 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

50 ZIPs in this city:85001 85002 85003 85004 85005 85006 85007 85008 85009 85010 85011 85012 85013 85014 85015 85016 85017 85018 85019 85020 85021 85022 85023 85024 85026 85027 85028 85029 85030 85031 85032 85033 85034 85035 85036 85037 85040 85041 85042 85043 85044 85045 85046 85048 85050 85051 85053 85054 85060 85061

Median Listing Price

$506K

Population

1,373,113

516,789

Median Days on Market

Active Listings

3,481

New Listings

1,350

Housing Market

The median listing price is down 7.4% YoY while the median home got down 4.0% bigger, so value per square foot is down 3.7%.

Pricing

Median Listing Price

$506K-7.4% YoY

Average Listing Price

$645K-5.7% YoY

Price per Sq Ft

$301.126-3.7% YoY

Median Sq Ft

1,629-4.0% YoY

Inventory

Active Listings

3,481+12.6% YoY

New Listings

1,350+10.8% YoY

Total Listings

4,489+10.1% YoY

Buyer Competition

Pending Listings

1,012+2.4% YoY

Pending Ratio

0.29-9.1% YoY

Median Days on Market

62-6.6% YoY

Price Reduced

31.7%+5.3% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 1,884,334

1.9Munits

Occupied1,730,69691.8%

Vacant153,6388.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 1,730,696

1.7Moccupied

Owner1,127,88865.2%

Renter602,80834.8%

Renter Share

34.8%-0.4% YoY

Total Housing Units

1,884,334+1.8% YoY

FY2026 Fair Market Rent

CountyMaricopa County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,457

/month

1 BR

$1,583

/month

2 BR

$1,839

/month

3 BR

$2,452

/month

4 BR

$2,720

/month

FMR trends · Maricopa County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 46.1% of this ZIP's 516,789 occupied households, on a median household income of $78K.

Population & Age

Total Population

1,373,113+0.9% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,373,113

1.4Mresidents

Under 18320,28523.3%

Adults 18–64888,26264.7%

65 & Over164,56612.0%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

34.69+0.2% YoY

Population Under 18

320,285-1.1% YoY

Population 65 & Over

164,566+3.8% YoY

Households & Mobility

Total Households

516,789+1.2% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.61-0.4% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.9%

Moved (within US)14.3%

Other0.8%

Veterans

4.9%-4.0% YoY

Income & Poverty

Median Household Income

$78K+5.0% YoY

Per-Capita Income

$40K+3.8% YoY

Mean Household Income

$104K+3.7% YoY

Below Poverty Level

15.3%-4.3% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone64.2%

Public transit2.2%

Worked from home17.4%

Other16.2%

Worked From Home

17.4%+13.2% YoY

Mean Commute

25.44-0.2% YoY

Units & Tenure

Total Housing Units

554,017+1.3% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 554,017

554Kunits

Occupied516,78993.3%

Vacant37,2286.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 516,789

517Khouseholds

Owner278,44353.9%

Renter238,34646.1%

Avg Household Size — Owner

2.76-0.2% YoY

Avg Household Size — Renter

2.43-0.9% YoY

County Demographics

County population is up 1.5% to 4,559,748: residents under 18 are down 0.1% and those 65 and over are up 3.4%.

Median Age

37.62024

Population

Maricopa County Population

4,673,096+1.2% YoY

Households

Total Households

1,730,696+2.0% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.59-0.8% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 4,559,748

4.6Mresidents

Under 181,024,25722.5%

Adults 18–642,792,67761.2%

65 & Over742,81416.3%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

1,024,257-0.1% YoY

Population 65 & Over

742,814+3.4% YoY

Median Age

37.60+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house85.9%

Moved (within US)13.5%

Other0.6%

Veterans

6.6%-4.3% YoY

County Economy

County median household income is $89K, 11.0% of residents are below the poverty level, 20.8% work from home.

Income

Median Household Income

$89K+4.4% YoY

Per-Capita Income

$46K+4.5% YoY

Mean Household Income

$120K+4.2% YoY

Poverty

Below Poverty Level

11.0%-2.7% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone64.8%

Public transit1.2%

Worked from home20.8%

Other13.2%

Worked From Home

20.8%+10.6% YoY

Mean Commute

26.00-0.4% YoY

Done with Phoenix? Put it next to another market.

State

City

Compare with

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State

City

ZIP codes

Phoenix, Arizona

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $78K, +5.0% YoY (ZIP); renters hold 46.1% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −7.4% YoY. inventory, +10.1% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

$506K

Population

1,373,113

516,789

Median Days on Market

Active Listings

3,481

New Listings

1,350

Housing Market

The median listing price is down 7.4% YoY while the median home got down 4.0% bigger, so value per square foot is down 3.7%.

Pricing

Median Listing Price

$506K-7.4% YoY

Average Listing Price

$645K-5.7% YoY

Price per Sq Ft

$301.126-3.7% YoY

Median Sq Ft

1,629-4.0% YoY

Inventory

Active Listings

3,481+12.6% YoY

New Listings

1,350+10.8% YoY

Total Listings

4,489+10.1% YoY

Buyer Competition

Pending Listings

1,012+2.4% YoY

Pending Ratio

0.29-9.1% YoY

Median Days on Market

62-6.6% YoY

Price Reduced

31.7%+5.3% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 1,884,334

1.9Munits

Occupied1,730,69691.8%

Vacant153,6388.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 1,730,696

1.7Moccupied

Owner1,127,88865.2%

Renter602,80834.8%

Renter Share

34.8%-0.4% YoY

Total Housing Units

1,884,334+1.8% YoY

FY2026 Fair Market Rent

CountyMaricopa County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,457

/month

1 BR

$1,583

/month

2 BR

$1,839

/month

3 BR

$2,452

/month

4 BR

$2,720

/month

FMR trends · Maricopa County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 46.1% of this ZIP's 516,789 occupied households, on a median household income of $78K.

Population & Age

Total Population

1,373,113+0.9% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,373,113

1.4Mresidents

Under 18320,28523.3%

Adults 18–64888,26264.7%

65 & Over164,56612.0%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

34.69+0.2% YoY

Population Under 18

320,285-1.1% YoY

Population 65 & Over

164,566+3.8% YoY

Households & Mobility

Total Households

516,789+1.2% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.61-0.4% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.9%

Moved (within US)14.3%

Other0.8%

Veterans

4.9%-4.0% YoY

Income & Poverty

Median Household Income

$78K+5.0% YoY

Per-Capita Income

$40K+3.8% YoY

Mean Household Income

$104K+3.7% YoY

Below Poverty Level

15.3%-4.3% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone64.2%

Public transit2.2%

Worked from home17.4%

Other16.2%

Worked From Home

17.4%+13.2% YoY

Mean Commute

25.44-0.2% YoY

Units & Tenure

Total Housing Units

554,017+1.3% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 554,017

554Kunits

Occupied516,78993.3%

Vacant37,2286.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 516,789

517Khouseholds

Owner278,44353.9%

Renter238,34646.1%

Avg Household Size — Owner

2.76-0.2% YoY

Avg Household Size — Renter

2.43-0.9% YoY

County Demographics

County population is up 1.5% to 4,559,748: residents under 18 are down 0.1% and those 65 and over are up 3.4%.

Median Age

37.62024

Population

Maricopa County Population

4,673,096+1.2% YoY

Households

Total Households

1,730,696+2.0% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.59-0.8% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 4,559,748

4.6Mresidents

Under 181,024,25722.5%

Adults 18–642,792,67761.2%

65 & Over742,81416.3%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

1,024,257-0.1% YoY

Population 65 & Over

742,814+3.4% YoY

Median Age

37.60+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house85.9%

Moved (within US)13.5%

Other0.6%

Veterans

6.6%-4.3% YoY

County Economy

County median household income is $89K, 11.0% of residents are below the poverty level, 20.8% work from home.

Income

Median Household Income

$89K+4.4% YoY

Per-Capita Income

$46K+4.5% YoY

Mean Household Income

$120K+4.2% YoY

Poverty

Below Poverty Level

11.0%-2.7% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone64.8%

Public transit1.2%

Worked from home20.8%

Other13.2%

Worked From Home

20.8%+10.6% YoY

Mean Commute

26.00-0.4% YoY

Done with Phoenix? Put it next to another market.