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Phoenix SFR Dynamic Portfolio, Phoenix, AZ 85044 Get price drops notifications & new listings right in your inbox!
The Phoenix housing market is much larger than Phoenix itself – it encompasses the entire Valley of the Sun, Phoenix’s sprawling suburbs that are home to another five million people.
It, therefore, represents the whole housing stock and not just the homes that list or sell in a given month. By this calculation, the current typical home value of homes in Arizona is $344,718.
The Growing Phoenix Rental Market 1 Two-bedroom apartment rents average $1,299 (an 8% increase from last year). 2 Three-bedroom apartment rents average $1,825 (a 14% increase from last year). 3 Studio apartment rents average $945 (a 15% increase from last year).