Phoenix, AZ Real Estate

According to census data in the year 2000 there were 495,793 housing units in Phoenix. This represents a 17.5% growth from 422,036 in 1990.

Of those housing units, 493,926 were located in either urbanized areas or urban clusters, and 1,867 were located in what is classified as a rural area.

Homeownership rate in Phoenix is about 60.7%. Phoenix's vacancy rate, including seasonal lodging, is about 6%. Average household size is 2.79 people.

The majority of houses, apartments or condos in Phoenix were built after 1977.


Housing Size

Housing Units by Size
Studio Type5.40%
One Bedroom17.20%
Two Bedrooms27.30%
Three Bedrooms33.60%
Four Bedrooms14.40%
Five Bedrooms or more2.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.91
Median year structure was built1976
Median Value of occupied units$112,600
Median Price asked for vacant units$107,800

Rented Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1978
Median Monthly Rent asked for vacant units$615

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage10.50%
Home Equity Loan8.60%
Simple Mortgage63.30%
Debt Free17.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.2%