Property Prices in Phoenix, AZ, United States

Index Info
Price to Income Ratio: 3.89
Mortgage as Percentage of Income: 27.51%
Loan Affordability Index: 3.63
Price to Rent Ratio - City Centre: 13.37
Price to Rent Ratio - Outside of Centre: 10.14
Gross Rental Yield (City Centre): 7.48%
Gross Rental Yield (Outside of Centre): 9.87%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,303.93 $ 1,000.00-1,500.00
Apartment (1 bedroom) Outside of Centre 1,022.99 $ 850.00-1,250.00
Apartment (3 bedrooms) in City Centre 2,197.58 $ 1,600.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,645.64 $ 1,387.70-2,400.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 343.26 $ 204.20-619.59
Price per Square Feet to Buy Apartment Outside of Centre 200.14 $ 135.80-283.40
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,759.96 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.69 2.50-5.00

These data are based on 268 entries in the past 18 months from 45 different contributors.
Last update: July 2021

Sources and References
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