The median home in Phoenix, Arizona is valued at $403,827, down 3.7% year over year. Typical monthly rent is $1,550, producing a price-to-rent ratio of 21.7x — well above the national average of 18x. Phoenix is part of the Phoenix-Mesa-Chandler, AZ metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$403,827

-3.7%

Rent$1,550/mo

Prices falling — better for buyers.

Affordability

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Income (annual)

Down Payment

$80,765 on $403,827

Example: $75,000 household income. Change it above to see your own.

Out of reach38.4% of income

Need $102,900/yr to afford.

PITI$2,401

P/I38.4%

Afford$294K

Gap-$109K

P&I $2,042Tax $209Ins $150

Renting $851/mo cheaper ($1,550 rent)6.50% 30yr, 20% down, county tax + AZ ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Arizona

Compare Phoenix with other housing markets across Arizona.

Paradise Valley$3.38M Carefree$1.27M Cave Creek$1.03M Fort McDowell$1.02M Sedona$889K Scottsdale$838K Rio Verde$833K New River$750K

Full Phoenix-Mesa-Chandler, AZ analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Phoenix-Mesa-Chandler, AZ metro.

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Phoenix, AZ