Property Prices in Phoenix, AZ, United States

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Index Info
Price to Income Ratio: 4.23
Mortgage as Percentage of Income: 37.70%
Loan Affordability Index: 2.65
Price to Rent Ratio - City Centre: 11.23
Price to Rent Ratio - Outside of Centre: 10.68
Gross Rental Yield (City Centre): 8.90%
Gross Rental Yield (Outside of Centre): 9.36%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,661.00 $ 1,400.00-2,300.00
Apartment (1 bedroom) Outside of Centre 1,395.11 $ 1,200.00-1,650.00
Apartment (3 bedrooms) in City Centre 2,641.26 $ 2,200.00-3,800.00
Apartment (3 bedrooms) Outside of Centre 2,269.04 $ 1,850.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 358.29 $ 200.00-500.00
Price per Square Feet to Buy Apartment Outside of Centre 289.01 $ 230.00-400.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,119.52 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.46 5.80-7.20

These data are based on 260 entries from 43 contributors over the past 18 months.
Last update: 1 June 2025

Sources and References
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