Phoenix, AZ Sun Belt boomtown; affordable prices and strong population growth driving sustained demand. This report covers current market conditions, investment fundamentals, and key metrics for real estate buyers and investors.
Current Market Snapshot
Investment Analysis
With a gross yield of 5.2% and a median price of $395,000, Phoenix sits in the moderate yield range. A typical 2-bedroom property rents for approximately $1,711/month based on HUD Fair Market Rent data.
The affordability index of 84 suggests housing costs exceed what the median household can comfortably afford — watch for affordability-driven demand moderation.
Market Temperature: Warm
With a median DOM of 32 days and approximately 6,800 active listings and balanced competition, Phoenix's market is currently classified as warm. Balanced conditions allow time for due diligence and negotiation.
Key Data Points
| Metric | Value |
|---|---|
| Median Sale Price | $395,000 |
| YoY Price Change | +2.1% |
| Median Days on Market | 32 days |
| Active Listings | 6,800 |
| Est. 2BR Fair Market Rent | $1,711/mo |
| Gross Rental Yield | 5.2% |
| Median Household Income | $68,000 |
| Affordability Index | 84 |
Getting Live Data via API
ZipMarketData provides live data for all ZIP codes within the Phoenix, AZ metro. Use the /market-stats endpoint with any Phoenix ZIP code for the most current figures.