🇺🇸 US · Arizona / Sun Belt
Phoenix.
Where the housing market sits.
Demographic-driven Sun Belt market — California migration, retiree inflow, and persistent affordability challenges.
Updated 4m ago
Latest data: 2026-04-01
FRED ATNHPIUS Phoenix · Zillow ZHVI · Census ACS
City gauges
Affordability
1
Extreme — bottom decile
0 · Most expensive100 · Most affordable
- Median price (USD)
- $445,924City-level median home price, source-specific (see below).
- Median household income (USD)
- $78,700Most recent published metro-level median household income.
- Mortgage payment burden
- 35.3%30-year amortized payment at current US rates as a share of median household income.
Momentum
49
Below average
0 · Cooling/declining100 · Running hot
- Year-over-year price change
- +8.0%Latest available city-level YoY HPI delta.
- Months of supply
- —Active listings divided by trailing-three-month sales pace.
- Days on market
- —Median days from listing to under contract.
Regime · What the gauges say together
Transitional
Between regime quadrants — affordability and momentum mixed.
Between regime quadrants — affordability and momentum mixed.
Context
| Real price growth (3-mo annualized) | -1.6% |
| Headline mortgage rate | 6.76% |
| CPI year-over-year | 3.71% |
| Leading equity indicators (homebuilders/REITs) | -9.0% avg vs 200-day MA · breadth 0/8 |
Data sources for Phoenix
- FHFA ATNHPI Phoenix (FRED)
- Zillow ZHVI / ZORI / days-to-pending
Full source documentation on /data-sources.
Other cities in United States