Phoenix, AZ
Metro area in Arizona · Updated Jan 2026
12-Month Forecast ↑ +0.2%
Median Home Value
$442,406
↓ -2.9%
Year-over-year
Median Rent
$1,718/mo
↓ -0.6%
Year-over-year
Rental Yield
4.7%
Good for investors
5-Year Appreciation
+29.7%
Income Needed to Buy
$104,205
20% down, 30% DTI max
Active Listings
22,920
For-sale inventory
Price-to-Rent Ratio
21.5
Favors renting
Price Forecast
1 Month
↑ +0.1%
3 Months
↑ +0.1%
12 Months
↑ +0.2%