Housing & Real Estate — Phoenix, Arizona
Overview
| Total Housing Units | 642,867 |
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| Occupied | 601,397 |
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| Vacant | 41,470 |
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| Owner-Occupied | 343,369 |
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| Renter-Occupied | 258,028 |
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| Median Home Value (Census) | $420,700 |
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| Estimated 2026 | ~$451,000 |
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| Median Rent | $1,458/mo |
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| Median Property Tax | $1,850/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | expensive |
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| Rent as % of Income | 21.5% |
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| Severely Rent-Burdened | 42.8% |
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Housing Age
| Built 2010 or later | 75,452 |
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| Built 2000-2009 | 106,406 |
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| Built 1990-1999 | 86,963 |
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| Built before 1960 | 91,170 |
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| Median Year Built | 1984 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
