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Phoenix, AZ Home Values and Rents
The typical home value in Phoenix is $404,067, 46th highest of 198 cities and towns in Arizona. Median rent is $1,571 a month.
- Typical home value
- $404,067
- 46th of 198 in AZ
- Median rent
- $1,571/mo
- Zillow observed rent
- Price change, 1 year
- -1.2%
- Sep 2026
- Homeownership
- 57.3%
- AZ: 67.4%
Home sale prices in the Phoenix-Mesa-Chandler, AZ area
Zillow median sale price, Sep 2026
$442,408-2.8% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Typical home value in Phoenix
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Phoenix |
|---|---|
| Sep 2026 | $404,067 |
| Dec 2025 | $408,646 |
| Dec 2024 | $425,853 |
| Dec 2023 | $425,662 |
| Dec 2022 | $425,930 |
| Dec 2021 | $401,086 |
| Dec 2020 | $309,755 |
| Dec 2019 | $268,410 |
| Dec 2018 | $252,325 |
| Dec 2017 | $233,263 |
| Dec 2016 | $216,271 |
| Dec 2015 | $198,580 |
| Dec 2014 | $178,037 |
| Dec 2013 | $167,989 |
| Dec 2012 | $133,841 |
Over five years, Phoenix prices changed +5.8%.
Source: Zillow Research ยท Last updated 09/01/2026
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Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 85266 | $1,128,500 | $3,136 | -3.5% | +47.7% |
| 2 | 85018 | $862,000 | $1,537 | +4.3% | +58.2% |
| 3 | 85254 | $785,700 | $2,156 | +4.8% | +68.3% |
| 4 | 85331 | $741,700 | $2,595 | -1.5% | +58.6% |
| 5 | 85012 | $735,000 | $1,746 | +2.9% | +51.7% |
| 6 | 85054 | $687,200 | $2,239 | +22.9% | +35.2% |
| 7 | 85085 | $669,100 | $1,944 | +5.6% | +60.5% |
| 8 | 85028 | $642,200 | $1,850 | +0.1% | +57.8% |
| 9 | 85045 | $634,600 | $2,430 | +21.5% | - |
| 10 | 85050 | $618,600 | $2,377 | -0.2% | +57.2% |
| 11 | 85003 | $616,800 | $1,392 | +5.0% | +56.7% |
| 12 | 85083 | $612,700 | $2,375 | +6.3% | +56.8% |
| 13 | 85086 | $598,900 | $2,330 | +0.4% | +59.0% |
| 14 | 85048 | $592,100 | $2,086 | -2.4% | +42.9% |
| 15 | 85013 | $567,700 | $1,585 | +1.1% | +52.0% |
| 16 | 85016 | $564,900 | $1,687 | +2.3% | +51.6% |
| 17 | 85310 | $552,900 | $2,334 | -1.8% | +47.2% |
| 18 | 85087 | $552,300 | $2,280 | +2.2% | +58.4% |
| 19 | 85007 | $480,600 | $1,116 | -1.1% | +47.4% |
| 20 | 85014 | $476,100 | $1,428 | -2.7% | +53.5% |
| 21 | 85044 | $474,800 | $1,874 | +0.5% | +51.2% |
| 22 | 85024 | $471,000 | $1,943 | -0.5% | +52.1% |
| 23 | 85021 | $470,400 | $1,313 | -0.1% | +53.2% |
| 24 | 85308 | $458,100 | $1,873 | +2.2% | +56.6% |
| 25 | 85020 | $447,200 | $1,530 | +3.6% | +60.8% |
| 26 | 85022 | $425,200 | $1,623 | +0.3% | +57.6% |
| 27 | 85034 | $422,200 | $1,479 | - | - |
| 28 | 85004 | $417,400 | $1,834 | +12.4% | +65.7% |
| 29 | 85032 | $416,800 | $1,609 | +0.8% | +57.7% |
| 30 | 85006 | $408,100 | $1,270 | +1.1% | +51.8% |
| 31 | 85042 | $398,000 | $1,668 | +0.8% | +58.1% |
| 32 | 85307 | $395,700 | $1,850 | +0.3% | +54.9% |
| 33 | 85306 | $392,500 | $1,730 | -2.0% | +54.4% |
| 34 | 85023 | $391,200 | $1,577 | -1.1% | +53.7% |
| 35 | 85353 | $388,700 | $1,799 | +1.4% | +79.7% |
| 36 | 85304 | $379,700 | $1,514 | -1.6% | +56.2% |
| 37 | 85053 | $367,000 | $1,452 | -1.1% | +53.2% |
| 38 | 85008 | $358,000 | $1,403 | +3.3% | +59.4% |
| 39 | 85027 | $354,800 | $1,607 | +1.3% | +64.6% |
| 40 | 85041 | $347,100 | $1,739 | -5.7% | +61.5% |
| 41 | 85029 | $345,600 | $1,455 | -2.0% | +52.4% |
| 42 | 85015 | $345,000 | $1,287 | -0.9% | +51.9% |
| 43 | 85043 | $343,400 | $1,697 | +2.7% | +72.0% |
| 44 | 85037 | $330,200 | $1,800 | +0.6% | +62.1% |
| 45 | 85040 | $329,800 | $1,259 | +1.9% | +61.1% |
| 46 | 85051 | $326,300 | $1,322 | +0.2% | +54.5% |
| 47 | 85019 | $305,200 | $1,469 | -2.2% | +55.2% |
| 48 | 85031 | $294,800 | $1,647 | -1.2% | +57.9% |
| 49 | 85033 | $292,800 | $1,457 | +0.4% | +61.3% |
| 50 | 85017 | $286,700 | $1,299 | +1.7% | +59.3% |
| 51 | 85035 | $275,600 | $1,481 | +2.4% | +63.5% |
| 52 | 85009 | $236,100 | $1,208 | -1.1% | +68.4% |
Fair Market Rents, FY2027
HUD rent standard for Phoenix-Mesa-Chandler, AZ MSA
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $1,390 | -4.6% |
| 1 bedroom | $1,493 | -5.7% |
| 2 bedrooms | $1,734 | -5.7% |
| 3 bedrooms | $2,287 | -6.7% |
| 4 bedrooms | $2,537 | -6.7% |
Frequently asked questions
- What is the typical home value in Phoenix, AZ?
- The typical home value in Phoenix is $404,067 (Zillow Home Value Index, Sep 2026). The Arizona median is $394,500.
- How much is rent in Phoenix?
- The median rent in Phoenix is $1,571 a month (Zillow Observed Rent Index). HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,734.
- Are home prices going up in Phoenix?
- The typical home value in Phoenix changed -1.2% over one year and +5.8% over five years, as of Sep 2026.
- How does Phoenix compare with the rest of Arizona?
- Phoenix has the 46th highest median home value of 198 cities and towns with 1,000+ residents in Arizona.
- Which ZIP code in Phoenix has the highest home values?
- ZIP code 85266 has the highest median home value at $1,128,500, and 85009 has the lowest at $236,100.