Historical data
Pick an indicator to see its long-run evolution.
Median home value
1990–2024Census / Zillow ZHVI, nominal dollars; note the 2008 crash and the 2020s surge.
Home Prices
Sale prices and trends.
FHFA House Price Index
1975–2025FHFA all-transactions index, annual average of quarters. Source: FHFA via FRED (AZSTHPI).
| Indicator | Arizona | U.S. |
|---|---|---|
| Median sale price (USD) | 440000 | 412000 |
Median Home Value
Typical value of owner-occupied homes.
Median value of owner-occupied homes
2008–2024Census American Community Survey 1-year estimates, B25077 (2020 not released).
| Indicator | Arizona | U.S. |
|---|---|---|
| Median home value (USD) | 431100 | 340200 |
- •Phoenix home prices rose more than 60% between 2019 and 2023, one of the sharpest jumps of any large U.S. metro.
Rent Prices
Cost of renting.
Rent of primary residence index (Phoenix–Mesa–Scottsdale)
2018–2025BLS CPI-U, Phoenix–Mesa–Scottsdale, annual average (CUURS48ASEHA).
| Indicator | Arizona | U.S. |
|---|---|---|
| Median gross rent (USD) | 1517 | 1348 |
Housing Inventory
Total housing stock.
Total housing units
2008–2024Census American Community Survey 1-year estimates, B25001 (2020 not released).
Vacant housing units
2008–2024Census American Community Survey 1-year estimates, B25002 (2020 not released).
| Indicator | Arizona | U.S. |
|---|---|---|
| Total housing units (M) | 3.2 | 145.3 |
Building Permits
New residential construction.
New private housing units authorized
1988–2025Census Building Permits Survey, sum of 12 months (FRED AZBPPRIV).
| Indicator | Arizona | U.S. |
|---|---|---|
| Building permits per 1,000 residents | 8.0 | 4.6 |
Homeownership Rate
Share of owner-occupied homes.
Homeownership rate (CPS/HVS)
1984–2025Census Housing Vacancy Survey, annual (FRED AZHOWN).
| Indicator | Arizona | U.S. |
|---|---|---|
| Homeownership rate (%) | 68.0 | 65.2 |
Housing Affordability
Home cost relative to income.
Housing price level vs U.S. (RPP rents)
2008–2024BEA Regional Price Parities, housing services (SARPP line 3).
| Indicator | Arizona | U.S. |
|---|---|---|
| Housing price level vs U.S. (RPP rents)2024, BEA Regional Price Parities | 106.8 | 100 |
| Home value-to-income ratio | 5.6 | 4.4 |
Vacancy Rate
Share of unoccupied units.
Rental vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED AZRVAC).
Homeowner vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED AZHVAC).
| Indicator | Arizona | U.S. |
|---|---|---|
| Overall vacancy rate (%) | 12.0 | 10.4 |