Property Prices in Phoenix, AZ, United States

Index Info
Price to Income Ratio: 4.67
Mortgage as Percentage of Income: 40.72%
Loan Affordability Index: 2.46
Price to Rent Ratio - City Centre: 12.16
Price to Rent Ratio - Outside of Centre: 10.74
Gross Rental Yield (City Centre): 8.22%
Gross Rental Yield (Outside of Centre): 9.31%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre $1,790.00 1,400.00-2,050.00
1 Bedroom Apartment Outside of City Centre $1,422.67 1,200.00-1,800.00
3 Bedroom Apartment in City Centre $3,159.09 2,100.00-4,150.00
3 Bedroom Apartment Outside of City Centre $2,221.17 2,000.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre $437.44 430.14-500.00
Price per Square Feet to Buy Apartment Outside of Centre $291.11 276.01-400.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) $4,195.00
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.17 6.00-7.00

These data are based on 150 entries from 25 contributors over the past 18 months.
Last update: 13 June 2026

Sources and References
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