Property Prices in Phoenix, AZ, United States

Index Info
Price to Income Ratio: 3.72
Mortgage as Percentage of Income: 33.48%
Loan Affordability Index: 2.99
Price to Rent Ratio - City Centre: 10.29
Price to Rent Ratio - Outside of Centre: 11.15
Gross Rental Yield (City Centre): 9.71%
Gross Rental Yield (Outside of Centre): 8.97%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,652.38 $ 1,400.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,386.93 $ 1,200.00-1,800.00
Apartment (3 bedrooms) in City Centre 2,607.96 $ 2,100.00-3,600.00
Apartment (3 bedrooms) Outside of Centre 2,255.64 $ 1,800.00-3,300.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 325.65 $ 200.00-476.00
Price per Square Feet to Buy Apartment Outside of Centre 299.84 $ 230.00-375.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,524.45 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.57 5.75-7.20

These data are based on 272 entries in the past 18 months from 46 different contributors.
Last update: December 2024

Sources and References
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