There are currently 374,079 real estate properties in Phoenix, AZ, with a median automated valuation model (AVM) price of $421,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Phoenix, AZ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Phoenix, AZ, is $517,383.00, with the most expensive house in Phoenix, AZ, topping out at $89,619,400.00 and the cheapest home in Phoenix, AZ, clocking in at $23,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Phoenix, AZ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Phoenix, AZ, is on a rollercoaster ride. The average rent price in Phoenix, AZ, is $1,487.00. Indeed, when looking to rent in Phoenix, AZ, you can expect to pay as little as $460.00 or as much as $5,780.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Phoenix, AZ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Phoenix, AZ area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Phoenix, AZ and much more. Save thousands at closing with home foreclosure listings in Phoenix, AZ — up to 75% off market value!
Phoenix is located in Maricopa, Arizona, with an estimated municipal population of 1,680,992 residents. All of the best foreclosed homes for sale in Phoenix are located in the following zip code areas on Foreclosure.com: 85008 85009 85006 85007 85004 85083 85086 85087 85085 85383 85033 85304 85306 85308 85020 85021 85022 85023 85024 85027 85028 85029 85353 85019 85018 85013 85012 85015 85014 85017 85016 85254 85003 85044 85045 85042 85043 85040 85041 85048 85054 85037 85035 85034 85032 85031 85307 85310 85051 85050 85053 85001 85002 85005 85010 85011 85026 85030 85036 85038 85046 85060 85061 85062 85063 85064 85065 85066 85067 85068 85069 85070 85071 85072 85073 85074 85075 85076 85078 85079 85080 85082. The estimated population per square kilometer (.62 miles) in Phoenix is 1,253.
So, about how much do homes cost in Phoenix? The most recent median value of resident-owned homes in Phoenix is 233,066. An estimated 54.4 percent of households in Phoenix own their homes, with an average family size of 3.55. The median household income in Phoenix is 57,459, with25.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Phoenix, the median commute time of resident workers (in minutes) is 26.2. And last, but certainly not least, are you looking for homes to rent in Phoenix? If so, the average rent price paid by renters in Phoenix is 1,053, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Phoenix, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Phoenix is 33.8, split between 49.8 percent male versus 50.2 female. The percentage of residents who report being married in Phoenix is 42.1, with an average family size of 3.55.
The percentage of residents who report their race in Phoenix is as follows:
|Black / African American||7.1%|
|American Indian / Alaskan Native||2.1%|
|Native Hawaiian / Other Pacifc Islander||0.2%|
Looking for family-friendly neighborhoods in and/or near Phoenix? Or maybe you are searching for 55+ active adult communities in and/or near Phoenix?
The percentage of residents who report their age in Phoenix is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Phoenix with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Phoenix.
How do you know that living in -- or moving to -- Phoenix is right where you need to be? Perhaps you grew up in Phoenix or already live nearby; therefore, the decision to buy a home in Phoenix is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Phoenix for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Phoenix:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Phoenix.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Phoenix can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Phoenix, meanwhile, can field multiple offers from more qualified buyers.
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