Property Prices in Phoenix, AZ, United States

Index Info
Price to Income Ratio: 3.88
Mortgage as Percentage of Income: 34.75%
Loan Affordability Index: 2.88
Price to Rent Ratio - City Centre: 10.99
Price to Rent Ratio - Outside of Centre: 10.96
Gross Rental Yield (City Centre): 9.10%
Gross Rental Yield (Outside of Centre): 9.13%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,650.68 $ 1,400.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,376.70 $ 1,200.00-1,800.00
Apartment (3 bedrooms) in City Centre 2,567.56 $ 2,090.00-3,600.00
Apartment (3 bedrooms) Outside of Centre 2,265.04 $ 1,800.00-3,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 345.19 $ 200.00-476.00
Price per Square Feet to Buy Apartment Outside of Centre 293.88 $ 230.00-375.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,431.66 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.51 5.75-7.49

These data are based on 265 entries in the past 18 months from 52 different contributors.
Last update: January 2025

Sources and References
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