City · 1,642,323 residents · Maricopa County, Arizona
Phoenix, Arizona
In Phoenix, a typical home is worth $420,700 and typical rent is $1,582 a month. Compared with all of Maricopa County, typical household income is 9% lower, typical rent is 7% lower, and the share of households that own their home is 8 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $381,974 to $404,067.
Typical rent
$1,571a month
▲ 1% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,493 to $1,571.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Phoenix is in Maricopa County. The FHA loan limit ($557,750 for a one-unit home), the fair market rents and the help on this page are those of all of Maricopa County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Sun City, the typical home value is $280,900: 33% less than in Phoenix ($420,700).
2
Nearby, in Youngtown, the typical rent is $1,157: 27% less than in Phoenix ($1,582).
3
57% of households in Phoenix own their home, against 65% in Maricopa County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Phoenix
What homes there are in Phoenix, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and other
Phoenix
Maricopa County
Arizona
United States
Kind of home: Phoenix and its comparisons
Measure
Phoenix
Maricopa County
Arizona
United States
Detached house
60%
64%
64%
61%
Attached house
5%
6%
5%
6%
Building of 2 to 4
6%
5%
5%
8%
Apartments (5 or more)
26%
21%
16%
19%
Mobile home
3%
5%
9%
6%
Boat, RV and other
0%
0%
0%
0%
The detached house is still the most common home in Phoenix, but it weighs less than in Maricopa County: 60% against 64%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Phoenix
Maricopa County
Arizona
United States
Year built: Phoenix and its comparisons
Measure
Phoenix
Maricopa County
Arizona
United States
Before 1960
14%
7%
8%
26%
1960–1979
28%
22%
22%
24%
1980–1999
31%
34%
34%
25%
2000–2009
16%
22%
22%
14%
2010 or later
12%
15%
14%
11%
Homes in Phoenix are older: the typical year built is 1985; in Maricopa County, 1993.
There are fewer big homes in Phoenix than in Maricopa County: 58% have 3 bedrooms or more, against 61%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limit
Under $100K6%
$100K–$200K5%
$200K–$300K14%
$300K–$500K41%
$500K–$750K20%
FHA limit: $557,750
$750K–$1M9%
$1M or more7%
Value of owner-occupied homes: Phoenix and its comparisons
Measure
Phoenix
Under $100K
6%
$100K–$200K
5%
$200K–$300K
14%
$300K–$500K
41%
$500K–$750K
20%
$750K–$1M
9%
$1M or more
7%
The FHA loan limit for Maricopa County is $557,750, and about 70% of owner-occupied homes in Phoenix are worth less than that.
Monthly rent with utilities
Under the limitOver the limit
Under $5003%
$500–$99910%
$1,000–$1,49932%
$1,500–$1,99931%
HUD fair market rent, 2 bedrooms: $1,734
$2,000–$2,49915%
$2,500–$2,9995%
$3,000 or more3%
Monthly rent with utilities: Phoenix and its comparisons
Measure
Phoenix
Under $500
3%
$500–$999
10%
$1,000–$1,499
32%
$1,500–$1,999
31%
$2,000–$2,499
15%
$2,500–$2,999
5%
$3,000 or more
3%
About 59% of rented homes in Phoenix cost less than HUD's 2-bedroom fair market rent for Maricopa County ($1,734); the rest cost more.
With a mortgage
$1,847 a month
Maricopa County: $1,931 a month
Without a mortgage
$559 a month
Maricopa County: $575 a month
Owners with a mortgage
67%
Maricopa County: 67%
In Phoenix, 67% of owners have a mortgage; their typical cost is $1,847 a month, about the same as in Maricopa County.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Phoenix+79%
Maricopa County+74%
Arizona+75%
United States+53%
Typical rent
Phoenix+50%
Maricopa County+52%
Arizona+47%
United States+33%
Typical household income
Phoenix+42%
Maricopa County+39%
Arizona+36%
United States+29%
Change since 2015–2019: Phoenix and its comparisons
Measure
Phoenix
Maricopa County
Arizona
United States
Typical home value
+79%
+74%
+75%
+53%
Typical rent
+50%
+52%
+47%
+33%
Typical household income
+42%
+39%
+36%
+29%
Since 2015–2019, homes in Phoenix gained value faster than in Maricopa County: 79% against 74%.
The typical rent in Phoenix rose 50% since 2015–2019, about the same as in Maricopa County (52%).
Housing prices ran ahead of income in Phoenix: typical income rose 42%, against +79% for home values and +50% for rent.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Phoenix and its comparisons
Measure
Phoenix
Maricopa County
Arizona
United States
Rental vacancy
4.7%
6.0%
5.8%
5.5%
Homeowner vacancy
0.8%
0.9%
1.0%
0.9%
More than one person per room
6.0%
4.3%
4.3%
3.4%
People per household
2.65
2.59
2.53
2.53
Drive alone
64%
65%
67%
69%
Carpool
11%
10%
10%
9%
Public transit
2%
1%
1%
3%
Walk or bike
2%
2%
2%
3%
Work from home
19%
21%
18%
15%
Other means
2%
2%
2%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
There is little rental housing open in Phoenix: only 4.7% is empty and offered for rent, against 6.0% in Maricopa County.
More than one person per room: that is how 6.0% of households in Phoenix live, more than in Maricopa County (4.3%).
A household in Phoenix has 2.65 people on average, about the same as in Maricopa County (2.59).
In Phoenix, 64% of workers drive alone to work; in Maricopa County, 65%.
Do the math
What would you pay each month for a home in Phoenix?
A typical home costs more than the typical income allows
We start with a typical home in Phoenix, worth $420,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 49% of the typical household income in Phoenix, which is $81,332 a year. For that payment to be 28% of income, a household would need to earn about $142,027 a year.
The calculator's FHA and conventional loan limits are those of all of Maricopa County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Phoenix. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $14,725 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,314
at 7.18% · 30 years
Loan amount
$413,080
Total interest
$594,325
Paid off in
November 2056
Includes $7,105 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,898 a month
Tight
$1,898 to $2,440 a month
Hard
more than $2,440 a month
Your payment · 49%
Compared with the typical household income in Phoenix ($81,332 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,798
Property tax
$154
Home insurance
$175
FHA mortgage insurance (MIP)
$186
You need at least $14,725 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,314; principal and interest $2,798.
The city and its county
Phoenix and Maricopa County
Phoenix is in Maricopa County, Arizona. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Phoenix
Map of Maricopa County, Arizona, with Phoenix marked. Around it, the neighboring counties.
Phoenix
Maricopa County
Other cities with a page
Phoenix's own numbers
Typical home value
$420,700
Typical monthly rent
$1,582
Typical yearly household income
$81,332
Households that own their home
57%
Effective property tax rate
0.44%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Maricopa County
FHA limit, one-unit home
$557,750
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,734
Price change over 5 years (FHFA)
+56%
Homes in a high flood-risk zone
1.4%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Maricopa County.
A typical home in Phoenix is worth $420,700: 7% below the county and 7% above Arizona. With the typical household income in Phoenix ($81,332 a year), a typical home costs 5.2 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Phoenix5.2 years
Maricopa5.1 years
Arizona4.9 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Maricopa County
According to FHFA’s house price index, home prices in Maricopa County rose 125% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Maricopa County.
Yearly change in FHFA’s price index in Maricopa County, 2016 to 2025
2016: +8.2% +8.2% 2016
2017: +7.8% +7.8% 2017
2018: +8.0% +8.0% 2018
2019: +6.9% +6.9% 2019
2020: +7.2% +7.2% 2020
2021: +20.0% +20.0% 2021
2022: +22.7% +22.7% 2022
2023: +1.0% +1.0% 2023
2024: +4.2% +4.2% 2024
2025: +0.7% +0.7% 2025
Change in FHFA’s price index in Maricopa County, Arizona and the United States
Period
County
Arizona
U.S.
Last year (2025)
+0.7%
+0.9%
+2.9%
5 years (2020–2025)
+56%
+55%
+47%
10 years (2015–2025)
+125%
+119%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Phoenix next to Maricopa County, Arizona and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Phoenix$420,700
Maricopa$452,800
Arizona$394,500
United States$332,700
Typical monthly rent
Phoenix$1,582
Maricopa$1,708
Arizona$1,543
United States$1,413
Typical yearly household income
Phoenix$81,332
Maricopa$89,300
Arizona$79,964
United States$80,734
See the full table
Phoenix next to Maricopa County and Arizona
Measure
Phoenix
Maricopa County
Arizona
U.S.
Typical home value
$420,700 ▼7% below the county
$452,800
$394,500
$332,700
Typical monthly rent
$1,582 ▼7% below the county
$1,708
$1,543
$1,413
Typical yearly household income
$81,332 ▼9% below the county
$89,300
$79,964
$80,734
Households that own their home
57% ▼8 points below the county
65%
67%
65%
Typical yearly property tax
$1,850 ▼7% below the county
$1,983
$1,879
$3,119
Effective property tax rate
0.44%
0.44%
0.48%
0.94%
Renters with high rent for their income
52% ▼1 points below the county
53%
51%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Maricopa County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Phoenix
For a typical $420,700 home in Phoenix, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Phoenix's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,314a month
Least cash to close
Down payment
$14,725
Cash to close
$27,346
Rate
7.18%
Mortgage insurance
FHA MIP · $186
Conventional, 5% down$3,237a month
Down payment
$21,035
Cash to close
$33,656
Rate
7.18%
Mortgage insurance
PMI · $200
Conventional, 20% down, no PMI$2,610a month
Down payment
$84,140
Cash to close
$96,761
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,998a month
Down payment
$63,105
Cash to close
$75,726
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Phoenix
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,314
$14,725
$413,080
7.18%
FHA MIP · $186
$27,346
580
Conventional, 5% down
$3,237
$21,035
$399,665
7.18%
PMI · $200
$33,656
620*
Conventional, 20% down, no PMI
$2,610
$84,140
$336,560
7.18%
None
$96,761
620*
ITIN, 15% down (example)
$2,998
$63,105
$357,595
8.18%
None
$75,726
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Phoenix is $1,582 a month: 7% below the county. In Phoenix, 52% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Maricopa County, by unit size. To pay the 2-bedroom one ($1,734 a month) without spending more than 30% of your income, you would need to earn $33.35 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Maricopa County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,390
$26.73
$55,600
1 bedroom
$1,493
$28.71
$59,720
2 bedrooms
$1,734
$33.35
$69,360
3 bedrooms
$2,287
$43.98
$91,480
4 bedrooms
$2,537
$48.79
$101,480
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Phoenix
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Phoenix has 44 ZIP codes with their own.
For 2 bedrooms it runs from $1,380 in 85006 to $2,600 in 85045.
20 of the 44 are above the fair market rent for Maricopa County ($1,734).
2-bedroom fair market rent in each of the 44 ZIP codes of Phoenix, beside the one for Maricopa County. For 2 bedrooms it runs from $1,380 in 85006 to $2,600 in 85045. 20 of the 44 are above the fair market rent for Maricopa County ($1,734).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,734
Lowest: $1,380 (85006)Highest: $2,600 (85045)
Fair market rent by ZIP code and size in Phoenix, fiscal year 2027.
85003
$1,290
$1,390
$1,610
$2,120
$2,360
85004
$1,560
$1,680
$1,950
$2,590
$2,870
85006
$1,080
$1,170
$1,380
$1,870
$2,120
85007
$1,080
$1,170
$1,380
$1,870
$2,120
85008
$1,170
$1,270
$1,480
$1,980
$2,190
85009
$1,080
$1,170
$1,380
$1,870
$2,120
85012
$1,500
$1,610
$1,870
$2,470
$2,740
85013
$1,430
$1,540
$1,800
$2,390
$2,650
85014
$1,300
$1,420
$1,640
$2,190
$2,430
85015
$1,120
$1,210
$1,410
$1,880
$2,120
85016
$1,520
$1,650
$1,910
$2,550
$2,830
85017
$1,080
$1,170
$1,380
$1,870
$2,120
85018
$1,410
$1,520
$1,760
$2,320
$2,580
85019
$1,190
$1,280
$1,490
$1,970
$2,180
85020
$1,270
$1,360
$1,580
$2,100
$2,340
85021
$1,150
$1,240
$1,440
$1,910
$2,120
85022
$1,420
$1,530
$1,790
$2,380
$2,640
85023
$1,240
$1,330
$1,550
$2,040
$2,270
85024
$1,580
$1,700
$1,970
$2,600
$2,880
85026
$1,400
$1,500
$1,740
$2,300
$2,550
85027
$1,360
$1,480
$1,710
$2,280
$2,530
85028
$1,640
$1,760
$2,040
$2,690
$2,990
85029
$1,220
$1,330
$1,540
$2,060
$2,280
85031
$1,330
$1,430
$1,660
$2,190
$2,430
85032
$1,270
$1,370
$1,590
$2,100
$2,340
85033
$1,170
$1,260
$1,460
$1,930
$2,140
85034
$1,230
$1,330
$1,540
$2,030
$2,250
85035
$1,200
$1,290
$1,500
$1,980
$2,190
85037
$1,430
$1,530
$1,780
$2,350
$2,600
85040
$1,080
$1,170
$1,380
$1,870
$2,120
85041
$1,440
$1,540
$1,790
$2,360
$2,620
85042
$1,350
$1,450
$1,690
$2,230
$2,470
85043
$1,370
$1,470
$1,710
$2,260
$2,500
85044
$1,610
$1,750
$2,030
$2,700
$3,000
85045
$2,080
$2,240
$2,600
$3,430
$3,800
85048
$1,750
$1,880
$2,180
$2,880
$3,190
85050
$1,940
$2,080
$2,420
$3,190
$3,540
85051
$1,080
$1,170
$1,380
$1,870
$2,120
85053
$1,180
$1,270
$1,470
$1,940
$2,150
85054
$1,850
$1,990
$2,310
$3,050
$3,380
85083
$1,910
$2,050
$2,380
$3,140
$3,480
85085
$1,600
$1,710
$1,990
$2,620
$2,910
85254
$1,710
$1,860
$2,160
$2,880
$3,180
85310
$1,840
$1,980
$2,300
$3,050
$3,410
ZIP code2 bd3 bd
85003 $1,610$2,120
85004 $1,950$2,590
85006 $1,380$1,870
85007 $1,380$1,870
85008 $1,480$1,980
85009 $1,380$1,870
85012 $1,870$2,470
85013 $1,800$2,390
85014 $1,640$2,190
85015 $1,410$1,880
85016 $1,910$2,550
85017 $1,380$1,870
85018 $1,760$2,320
85019 $1,490$1,970
85020 $1,580$2,100
85021 $1,440$1,910
85022 $1,790$2,380
85023 $1,550$2,040
85024 $1,970$2,600
85026 $1,740$2,300
85027 $1,710$2,280
85028 $2,040$2,690
85029 $1,540$2,060
85031 $1,660$2,190
85032 $1,590$2,100
85033 $1,460$1,930
85034 $1,540$2,030
85035 $1,500$1,980
85037 $1,780$2,350
85040 $1,380$1,870
85041 $1,790$2,360
85042 $1,690$2,230
85043 $1,710$2,260
85044 $2,030$2,700
85045 $2,600$3,430
85048 $2,180$2,880
85050 $2,420$3,190
85051 $1,380$1,870
85053 $1,470$1,940
85054 $2,310$3,050
85083 $2,380$3,140
85085 $1,990$2,620
85254 $2,160$2,880
85310 $2,300$3,050
5 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Phoenix when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 170 buildings with rents for lower incomes in Phoenix. These are the largest.
Vaseo16220 N 7th St, Phoenix 85022489 low-income homes · 1 bd: 271 · 2 bd: 218 · In service since 2019 · For families
Marcos de Niza305 W Pima St, Phoenix 85003374 low-income homes · 1 bd: 144 · 2 bd: 144 · 3 bd: 62 · 4 bd: 24 · In service since 2013
Coffelt-Lamoreaux Apartment Homes1510 S 19th Dr, Phoenix 85009301 low-income homes · 1 bd: 27 · 2 bd: 149 · 3 bd: 125 · In service since 2017 · For families, people experiencing homelessness(602) 374-7771
Sterling Point Apts Phase II3802 E Baseline Rd, Phoenix 85042300 homes, 299 low-income · 1 bd: 40 · 2 bd: 156 · 3 bd: 96 · 4 bd: 8 · In service since 2001
Westward Ho Apts618 N Central Ave, Phoenix 85004290 homes, 289 low-income · Studio: 104 · 1 bd: 186 · 2 bd: 1 · In service since 2004
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 12 HUD-approved agencies with an office in Maricopa County; 11 say they serve in Spanish.
2 programs are for Phoenix or Maricopa County, by their own records: they come first, each with what its official page says about being open. The ones below are statewide in Arizona: they work in Phoenix the same as in the rest of the state.
City of Phoenix emergency help to avoid an eviction, move or pay utilities if you are in a crisis.Offered by City of Phoenix Human Services Department.
Help from the Phoenix and Maricopa County development authorities for the down payment and closing costs in Maricopa County: up to 6% as a second loan, forgivable or with payments depending on the option; no first-time buyer requirement.Offered by Maricopa County Industrial Development Authority and The Industrial Development Authority of the City of Phoenix.
Arizona IDA down payment assistance across Arizona: a second loan with no interest and no payments, forgiven after five years.Offered by Arizona Industrial Development Authority (Arizona IDA).
No legal help resource on our list is for Phoenix or Maricopa County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Phoenix and all of Maricopa County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Phoenix?
The typical home value in Phoenix is $420,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Maricopa County it is $452,800.
How much does it cost to rent in Phoenix?
Typical rent in Phoenix is $1,582 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Maricopa County is $1,734.
What is the FHA loan limit in Phoenix?
Phoenix uses the FHA limit for all of Maricopa County (2026): $557,750 for a one-unit home and $1,072,600 for a four-unit home.
How much property tax do owners pay in Phoenix?
The typical homeowner in Phoenix pays $1,850 a year, according to the U.S. Census Bureau. That is 0.44% of the home’s value; in Maricopa County, the rate is 0.44%.
Where can I find free help to buy or rent in Phoenix?
There are 12 HUD-approved counseling agencies with an office in Maricopa County. 11 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
