Market Summary

Phoenix, Maricopa County, AZ

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Median Home Price Price

$407,188 $407.2K

Median Monthly Rent Rent

$1,889 $1.9K

GRM

18.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Maricopa County

Region Price Rent GRM Display
$404,328 $1,975 17.0x
$431,596 $1,925 19.0x
$461,571 $2,037 19.0x
$304,373 $1,404 18.0x
$392,785 $2,165 15.0x
$484,304 $2,071 20.0x
$397,469 $2,176 15.0x
$370,962 $1,316 23.0x
$567,671 $2,043 23.0x
$466,065 $2,277 17.0x
$341,235 $2,119 13.0x
$521,705 $2,258 19.0x

Home prices

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Monthly rent

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GRM

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Similar markets within AZ outside of Maricopa County

Region Price Rent GRM Display
$332,742 $1,624 17.0x
$318,280 $1,521 17.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of AZ

Region Price Rent GRM Display
$290,240 $1,870 13.0x
$268,932 $1,596 14.0x
$481,557 $2,016 20.0x
$350,776 $1,577 19.0x
$456,604 $2,038 19.0x
$224,204 $1,695 11.0x
$529,876 $2,562 17.0x
$291,959 $1,349 18.0x
$559,330 $2,103 22.0x
$513,500 $1,630 26.0x
$314,350 $1,348 19.0x
$221,370 $1,915 10.0x
$308,042 $1,849 14.0x
$456,534 $2,165 18.0x
$217,405 $1,896 10.0x

Home prices

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Monthly rent

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GRM

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Phoenix

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Trend Insights

Median Rent in Phoenix, AZ is $1,889, with MoM change +$8 and YoY change +$3 pointing to positive momentum while volatility is low (std $11).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Phoenix, AZ.

Skip the spreadsheet work. Search a market to see side-by-side deltas.
Metric
Base market Phoenix, AZ
Compare market Select a market
Delta vs base
Median rent
$1,889
N/A
Median price
$407,188
N/A
YoY change
+$3
N/A
Price-to-rent
18.0x
Data unavailable
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