Arizona housing market

6 metros42 citiesData through Sep 2026
Typical home value
$417K
▼ 1.0% 1 yr
5-year change
+7%
U.S. +20%
Median city rent
$1,850/mo
42 cities
Unemployment rate
4.9%
Median household income
$87K
2025

Key takeaways

  • 1The typical home in Arizona is worth $416,733, down 1.0% in a year and up 7% over five years. That's the #18 most expensive of 51.
  • 2Across 42 cities with rent data, median typical rent is $1,850/mo, roughly a 5.3% gross yield on the typical home.
  • 3Median household income was $86,570 in 2025, so the typical home costs 4.8× income.
  • 4Unemployment is 4.9% (+0.5 pts in a year).

Home values

Typical home value, Arizona
Latest $417K
$239K$308K$377K$446K2016201920222025

Source: Zillow Research (ZHVI, ZORI and market activity data).

FHFA house price index
Latest 731
37948959870820172019202120232025

Source: FRED, Federal Reserve Bank of St. Louis. Quarterly, all-transactions index.

Unemployment rate, Arizona
Latest 4.90%
4.08%7.09%10.11%13.12%201620182020202220242026

Source: FRED, Federal Reserve Bank of St. Louis.

Arizona metro areas

Arizona cities

42 cities, largest first. Click a column to sort.

42 cities
Phoenix$404K▼ 1.2%$1,571▲ 1.0%4.7%
Tucson$319K▼ 1.9%$1,428▲ 1.4%5.4%
Mesa$429K▼ 0.7%$1,532▼ 0.1%4.3%
Chandler$513K▼ 1.2%$1,893▲ 1.6%4.4%
Gilbert$565K▼ 0.2%$2,079▲ 1.2%4.4%
Glendale$400K▼ 1.2%$1,511▲ 1.3%4.5%
Scottsdale$852K▲ 3.4%$2,114▲ 2.4%3.0%
Peoria$480K▼ 0.7%$1,851▲ 1.3%4.6%
Tempe$459K▼ 0.5%$1,623▲ 0.7%4.2%
Surprise$416K▼ 1.7%$1,942▲ 1.0%5.6%
Yuma$293K▲ 0.1%$1,425▲ 3.6%5.8%
Flagstaff$650K▲ 0.2%$2,128▼ 0.3%3.9%
Goodyear$464K▼ 0.9%$1,698▲ 1.6%4.4%
San Tan Valley$393K▼ 2.4%$2,009▲ 1.8%6.1%
Buckeye$391K▼ 1.9%$1,978▲ 1.4%6.1%
Avondale$393K▼ 1.2%$1,658▼ 0.5%5.1%
Queen Creek$630K▲ 0.2%$2,229▲ 1.2%4.2%
Maricopa$340K▼ 3.4%$1,773▲ 0.5%6.3%
Casa Grande$316K▼ 1.4%$1,673▲ 0.9%6.4%
Prescott$593K▼ 0.3%$1,857▲ 0.9%3.8%
Lake Havasu City$459K▲ 0.8%$1,704▲ 3.2%4.5%
Apache Junction$370K▼ 1.9%$1,767▲ 0.4%5.7%
Kingman$274K▲ 2.1%$1,446▼ 0.6%6.3%
Prescott Valley$455K■ 0.0%$1,793▲ 0.8%4.7%
Sierra Vista$300K▲ 0.3%$1,287▲ 3.0%5.1%
Sun City$296K▼ 2.1%$1,791▼ 0.4%7.3%
Tolleson$388K▼ 1.8%$2,021▲ 2.0%6.2%
Oro Valley$494K▼ 1.2%$1,831▲ 4.3%4.5%
Bullhead City$299K▲ 1.3%$1,432▲ 2.9%5.7%
Marana$416K▼ 1.4%$2,165▲ 2.4%6.2%
Sahuarita$348K▼ 2.0%$1,963▲ 2.5%6.8%
El Mirage$338K▼ 1.6%$1,897▼ 2.3%6.7%
Litchfield Park$515K▲ 0.1%$2,103▲ 1.3%4.9%
Florence$328K▼ 2.2%$1,796▲ 1.5%6.6%
Sun City West$375K▼ 1.5%$1,898▲ 12.2%6.1%
Cottonwood$389K▼ 0.1%$1,848▲ 3.0%5.7%
Fountain Hills$659K▲ 1.3%$2,332▲ 2.7%4.2%
Anthem$558K▼ 0.9%$2,532▲ 2.6%5.4%
Sedona$891K▲ 0.7%$2,612▲ 3.2%3.5%
Coolidge$263K▼ 0.7%$1,575▲ 0.8%7.2%
Vail$402K▼ 1.9%$2,063▲ 3.3%6.2%
Paradise Valley$3.59M▲ 12.0%$2,069▲ 0.8%0.7%

Data refreshed Oct 26, 2026.