Property Prices in Phoenix, AZ, United States

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Index Info
Price to Income Ratio: 4.30
Mortgage as Percentage of Income: 38.84%
Loan Affordability Index: 2.57
Price to Rent Ratio - City Centre: 11.66
Price to Rent Ratio - Outside of Centre: 12.04
Gross Rental Yield (City Centre): 8.58%
Gross Rental Yield (Outside of Centre): 8.31%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,625.63 $ 1,400.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,385.90 $ 1,200.00-1,800.00
Apartment (3 bedrooms) in City Centre 2,736.32 $ 2,400.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,330.52 $ 1,800.00-3,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 372.98 $ 200.00-759.99
Price per Square Feet to Buy Apartment Outside of Centre 328.17 $ 230.00-520.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,391.42 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.63 6.00-7.50

These data are based on 267 entries in the past 18 months from 48 different contributors.
Last update: July 2024

Sources and References
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