Property Prices in Phoenix, AZ, United States

Index Info
Price to Income Ratio: 2.69
Mortgage as Percentage of Income: 21.33%
Loan Affordability Index: 4.69
Price to Rent Ratio - City Centre: 8.77
Price to Rent Ratio - Outside of Centre: 8.07
Gross Rental Yield (City Centre): 11.40%
Gross Rental Yield (Outside of Centre): 12.39%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,702.81 $ 1,250.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,473.50 $ 1,200.00-1,800.00
Apartment (3 bedrooms) in City Centre 2,909.88 $ 2,500.00-4,249.00
Apartment (3 bedrooms) Outside of Centre 2,400.36 $ 2,000.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 295.85 $ 200.00-450.00
Price per Square Feet to Buy Apartment Outside of Centre 230.71 $ 175.00-275.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,269.18 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.02 3.50-6.00

These data are based on 257 entries in the past 18 months from 51 different contributors.
Last update: June 2023

Sources and References
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