Phoenix, AZ home prices
Typical home $441,097 · -1.1% in a year · income needed $118,100
The Phoenix, AZ metro area ranks 110 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -1.1% in a year and +5.7% over five years. With 20% down at 7.11%, the typical home costs about $2,755 a month including 0.44% property tax (Maricopa County rate).
Mortgage on the typical Phoenix home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $88,219 | $352,878 | $2,374 | $0 | $382 | $2,755 | $118,100 |
| 10% down | $44,110 | $396,987 | $2,671 | $165 | $382 | $3,217 | $137,900 |
| 5% down | $22,055 | $419,042 | $2,819 | $175 | $382 | $3,375 | $144,600 |
| 3.5% down (FHA) | $15,438 | $433,108 | $2,914 | $195 | $382 | $3,490 | $149,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.44% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Phoenix area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Maricopa County, AZ | $455,168 | -0.9% | 0.44% |
| Pinal County, AZ | $359,830 | -2.2% | 0.47% |
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Frequently asked questions
How much is a house in Phoenix?
The typical home in the Phoenix, AZ metro area is worth $441,097 (Zillow, September 2026).
What salary do you need to buy a house in Phoenix?
About $118,100 a year for the typical home with 20% down at 7.11%.