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.
See the full metro analysis: Phoenix-Mesa-Chandler, AZ stress score, crash risk, and 12-month forecast →
Home Value$403,827
-3.7%
Rent$1,550/mo
AFFORDABILITYRenting $851/mo cheaper ($1,550 rent)6.50% 30yr, 20% down, county tax + AZ ins. 28% per HUD.
Enter your income for Phoenix.
$80,765 on $403,827
Out of reach — 38.4% of income
Need $102,900/yr to afford.
PITI$2,401
P/I38.4%
Afford$294K
Gap-$109K
P&I $2,042Tax $209Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Arizona
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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.
View Phoenix-Mesa-Chandler, AZ metro →