Property Prices in Phoenix, AZ, United States

Index Info
Price to Income Ratio: 3.38
Mortgage as Percentage of Income: 30.30%
Loan Affordability Index: 3.30
Price to Rent Ratio - City Centre: 10.29
Price to Rent Ratio - Outside of Centre: 9.86
Gross Rental Yield (City Centre): 9.72%
Gross Rental Yield (Outside of Centre): 10.14%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,569.22 $ 1,400.00-2,100.00
Apartment (1 bedroom) Outside of Centre 1,391.93 $ 1,200.00-1,800.00
Apartment (3 bedrooms) in City Centre 2,677.23 $ 2,200.00-3,600.00
Apartment (3 bedrooms) Outside of Centre 2,310.27 $ 1,785.00-3,300.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 319.48 $ 200.00-425.00
Price per Square Feet to Buy Apartment Outside of Centre 268.51 $ 230.00-375.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,683.46 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.53 6.00-7.00

These data are based on 245 entries in the past 18 months from 47 different contributors.
Last update: April 2024

Sources and References
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