Phoenix, AZ 85002 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Phoenix, AZ — 85002
Median Listing Price
$515K
Population
--
Households
1,730,696
Median Days on Market
64
Active Listings
0
New Listings
0
Housing Market
Pricing
Median Listing Price
$515K
-- YoY
Average Listing Price
$515K
-- YoY
Price per Sq Ft
$263
-- YoY
Median Sq Ft
1,957
-- YoY
Inventory
Active Listings
0
-- YoY
New Listings
0
-- YoY
Total Listings
1
-- YoY
Buyer Competition
Pending Listings
1
-- YoY
Pending Ratio
--
-- YoY
Median Days on Market
64
-- YoY
Price Reduced
0.0%
-- YoY
Units & Occupancy
2024 Occupancy
1.9M
units
Occupied
1,730,696
91.8%
Vacant
153,638
8.2%
2024 Tenure
1.7M
occupied
Owner
1,127,888
65.2%
Renter
602,808
34.8%
Renter Share
34.8%
-0.4% YoY
Total Housing Units
1,884,334
+1.8% YoY
FY2026 Fair Market Rent — Maricopa County
HUD government estimate (40th percentile) — 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
Source: HUD Fair Market Rents
County Demographics
Median Age
37.6
2024
Population
Maricopa County Population
4,673,096
+1.2% YoY
Households
Total Households
1,730,696
+2.0% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.59
-0.8% YoY
Age
2024 Age Mix
4.6M
residents
Under 18
1,024,257
22.5%
Adults 18–64
2,792,677
61.2%
65 & Over
742,814
16.3%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & 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
of residents
Same house
85.9%
Moved (within US)
13.5%
Other
0.6%
Veterans
6.6%
-4.3% YoY
County Economy
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
of workers
Drove alone
64.8%
Public transit
1.2%
Worked from home
20.8%
Other
13.2%
Worked From Home
20.8%
+10.6% YoY
Mean Commute
26.00
-0.4% YoY
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