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Featured local agent — Arizona
Sarah Mitchell
Compass Real Estate · Arizona
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Arizona housing market
Arizona housing market summary
The typical home in Arizona is worth $417,990, down 1.1% over the past year. Homes that actually closed went for a median of $453,800 after 62 days on market. On supply, pricing discipline, and speed of sale, Arizona currently reads as a balanced market at 3.8 months of supply. At today's 7.03% 30-year fixed rate, that typical home costs $2,231 a month in principal and interest with 20.0% down.
Sources: Zillow, August 2026 · Refreshes monthly · Redfin, through May 2026 · Freddie Mac via FRED, September 2026
Arizona housing market at a glance
Every tile carries the provider and the month it was published
Typical home value
$417,990
-1.1% YoY · Zillow, August 2026
Median sale price
$453,800
Redfin, through May 2026
Typical asking rent
$1,790/mo
Median of 51 cities · Zillow, August 2026
30-yr fixed rate
7.03%
Freddie Mac via FRED, September 2026
Monthly P&I
$2,231
20.0% down, 30-yr fixed
Days on market
62
+3 days YoY
Active listings
36,139
-9.5% YoY
Median household income
$76,872
U.S. Census ACS, 2023
Typical home value is Zillow's ZHVI — the value of a typical home across the whole housing stock, not just the homes that sold. Median sale price is what actually closed. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
Where Arizona home prices are heading
Arizona's typical home value is $417,990, down 1.1% over 12 months. The two-year number matters more than the one-year number: it spans a full rate cycle rather than a single seasonal swing. Values are currently 4.1% below their two-year high, which means sellers who bought at the top may need to bring money to closing rather than take equity out of it.
Against the national picture, Arizona runs 13.4% above the U.S. typical home value of $368,697, and its 12-month move of -1.1% is trailing the national pace of +1.2%.
What would have to change for Arizona prices to fall. Prices fall when supply outruns demand for long enough that sellers compete on price rather than waiting. Arizona is carrying 3.8 months of supply — below the four-month line, so inventory would have to roughly double before sellers lose pricing power. Active listings are -9.5% year over year and new listings -10.2%, so supply is still tightening, which supports prices even with weak demand. The other lever is the rate. At 7.03%, existing owners with cheaper mortgages have little reason to list, which is what has kept supply artificially low across most of the country. A sustained move down in rates unlocks those sellers and adds inventory; it also adds buyers. Which side moves first decides the direction.
Market trends
Statewide monthly series · Redfin, through May 2026 · No longer updating · Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
What it costs to buy in Arizona at today's rate
Down payment
$83,598
20.0% of value
Loan amount
$334,392
30-yr fixed
Monthly P&I
$2,231
at 7.03%
Income needed
$95,614
28.0% front-end ratio
A buyer purchasing the typical Arizona home at $417,990 puts $83,598 down, finances $334,392, and pays $2,231 a month in principal and interest. Property taxes, homeowners insurance, HOA dues, and mortgage insurance sit on top of that and vary by county — budget for them separately rather than assuming the P&I figure is the payment.
Lenders typically want principal and interest under 28.0% of gross income, which puts the qualifying income for that purchase at roughly $95,614. Arizona's median household earns $76,872 (Census ACS 2023) — a gap of $18,742 above what the median household brings in. Put differently, the median household would spend 34.8% of gross income on principal and interest alone — above the ratio most lenders underwrite to, which is why buyers here typically need a larger down payment, a co-borrower, or a cheaper city than the statewide typical home.
The value-to-income ratio in Arizona is 5.4x. Anything above 5x means prices have run well ahead of local earnings; buyers are relying on dual incomes, prior equity, or outside capital rather than local wages. Model your own numbers in the affordability calculator or the mortgage calculator.
Figures are illustrative, not a quote or a pre-approval. Rate: Freddie Mac via FRED, September 2026 · Value: Zillow, August 2026 · Income: U.S. Census ACS, 2023
Buying in Arizona in the next 12 months?
Tell us your timeline. We send the Arizona market brief: the price ranges that are actually clearing, the cities where your budget goes furthest, and what to fix on your credit before you apply.
Rent or buy in Arizona?
Zillow publishes its rent index per city rather than per state, so the honest statewide read is the median across the 51 largest Arizona cities that carry it: $1,790 a month. Set against a typical home value of $417,990, that is a price-to-rent ratio of 19.5x.
Between 15x and 20x the two options are close enough that the tiebreaker is how long you stay, not the ratio itself. Principal and interest on the typical home runs $441 more per month than that typical rent — and that is before taxes, insurance, and the roughly 1% of value a year most owners spend on maintenance.
For a second read on the same question, the Census ACS puts median gross rent across all Arizona households — every unit type, not just what is currently listed — at $1,431 a month (2023), with 67.0% of Arizona households owning rather than renting. Asking rents lead the ACS figure because they reflect today's new leases rather than the whole stock of existing ones.
Run the rent-vs-buy calculator with your own holding period and down payment — the statewide ratio is a starting point, not an answer.
Supply: what is on the market in Arizona
| Measure | Latest | Year earlier | Change |
|---|---|---|---|
| Active listings | 36,139 | 39,944 | -9.5% |
| New listings | 10,842 | 12,068 | -10.2% |
| Homes sold | 9,547 | 9,364 | +2.0% |
| Months of supply | 3.8 | 4.3 | -0.5 |
| Sale-to-list ratio | 98.0% | 98.0% | Below asking |
What these mean. Active listings is the shelf — everything a buyer could tour today. New listings is restock rate; when it falls faster than sales, the shelf empties. Months of supply is active inventory divided by homes sold per month: at the current sales pace, how many months it would take to sell every home currently listed. Under 4 months of supply tilts toward sellers, 4 to 5 months is the neutral band, and above 5 months tilts toward buyers — above 7 months is a glut. These are the same thresholds the market verdict on every city and ZIP page is scored against. Sale-to-list ratio is the discipline check — above 100% means homes are clearing over asking on average, below means sellers are conceding.
Redfin, through May 2026 · No longer updating — Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026. Zillow's inventory and new-listing counts are published per city and appear on the individual city pages.
Where Arizona home values are moving fastest
12-month change in typical home value · Zillow, August 2026
Rising fastest
- 1.Meadview+10.4%
- 2.Paradise Valley+9.7%
- 3.Colorado City+9.0%
- 4.Pima+5.1%
- 5.Scenic+4.0%
- 6.Thatcher+3.5%
- 7.Holbrook+3.0%
- 8.Safford+2.8%
Falling
- 1.Guadalupe-11.3%
- 2.Marana-5.4%
- 3.Star Valley-4.9%
- 4.South Tucson-4.8%
- 5.Ajo-4.6%
- 6.Superior-4.1%
- 7.Maricopa-3.7%
- 8.Bisbee-3.3%
Computed from Zillow's typical home value for each city at August 2026 against the same month a year earlier, across the 150 largest Arizona cities by population. Small markets swing hardest because a handful of transactions moves the index — read the city page before treating a large move as a trend.
The most and least expensive cities in Arizona
Typical home value across the 150 largest cities · Zillow, August 2026
Most expensive
- 1.Paradise Valley$3.52M
- 2.Carefree$1.27M
- 3.Cave Creek$1.04M
- 4.Sedona$899,296
- 5.Scottsdale$851,107
- 6.Rio Verde$829,587
- 7.New River$757,416
- 8.Fountain Hills$660,663
- 9.Flagstaff$656,451
- 10.Queen Creek$627,355
Most affordable
- 1.Ajo$129,878
- 2.San Manuel$153,213
- 3.Kearny$163,352
- 4.Douglas$173,745
- 5.Superior$185,811
- 6.Holbrook$200,669
- 7.Willcox$204,888
- 8.Winslow$206,590
- 9.Meadview$211,893
- 10.South Tucson$214,249
The spread between Paradise Valley and Ajo is 27.1x — one reason a single statewide number is close to useless for a buyer with a fixed budget. Pick the city first, then the price band. Speed is a separate axis from price: Joseph City was the quickest of these markets to clear at 3 days on market (Redfin, through May 2026).
How Arizona compares
| Market | Typical value | 12-mo change | Median income | Value / income |
|---|---|---|---|---|
| Arizona | $417,990 | -1.1% | $76,872 | 5.4x |
| United States | $368,697 | +1.2% | — | — |
| California | $764,158 | +0.4% | $96,334 | 7.9x |
| Nevada | $442,027 | -1.8% | $75,561 | 5.8x |
| New Mexico | $318,241 | +1.7% | $62,125 | 5.1x |
The three states above are Arizona's nearest land neighbours — the markets buyers most often price against when a move is still negotiable. New Mexico carries a lower typical home value than Arizona, which is what makes it the usual destination for equity-funded moves out of Arizona.
Values and 12-month changes: Zillow, August 2026 · Refreshes monthly. Income: U.S. Census ACS, 2023. ACS publishes household income per state, not for the nation on the same basis, so the U.S. row shows home value only.
Arizona housing markets by city
299 cities tracked — the 60 largest by population shown
Phoenix
$405,689
Tucson
$321,918
Mesa
$429,657
Chandler
$515,351
Gilbert
$566,873
Glendale
$401,811
Scottsdale
$851,107
Peoria
$480,596
Tempe
$461,342
Surprise
$415,995
San Tan Valley
$392,485
Goodyear
$462,929
Buckeye
$391,351
Yuma
$295,611
Avondale
$394,129
Flagstaff
$656,451
Casas Adobes
Pop. 71K
Queen Creek
$627,355
Maricopa
$341,392
Lake Havasu City
$462,037
Casa Grande
$316,044
Marana
$417,076
Catalina Foothills
Pop. 52K
Prescott Valley
$457,059
Oro Valley
$499,053
Prescott
$597,307
Sierra Vista
$301,435
Bullhead City
$299,786
Apache Junction
$370,360
Sun City
$295,804
San Luis
$238,589
El Mirage
$338,636
Sahuarita
$349,034
Kingman
$274,905
Fortuna Foothills
Pop. 28K
Drexel Heights
Pop. 28K
Sun City West
$374,810
Florence
$327,113
Fountain Hills
$660,663
Anthem
$558,811
Rio Rico
$269,717
Green Valley
$277,257
Nogales
$221,494
New River
$757,416
Flowing Wells
Pop. 17K
Eloy
$270,351
Payson
$444,603
Douglas
$173,745
Vail
$404,527
Fort Mohave
Pop. 16K
Tanque Verde
Pop. 16K
Coolidge
$268,534
Somerton
$268,186
New Kingman-Butler
Pop. 14K
Sierra Vista Southeast
Pop. 14K
Sun Lakes
Pop. 14K
Valencia West
Pop. 14K
Chino Valley
$497,456
Tucson Estates
Pop. 13K
Verde Village
Pop. 13K
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What to do next in Arizona
If you are buying
- Set the payment before the price. Start from what you can carry monthly, then work backwards with the affordability calculator — the typical Arizona home is $2,231/mo in P&I today.
- Pick the city, not the state. Values across Arizona run from $129,878 in Ajo to $3.52M in Paradise Valley.
- Put two finalists head to head in the city comparison tool before you tour anything.
- Fix the credit file before you shop the rate. A better score moves the payment more than haggling over price does at 7.03%.
If you are selling
- Price against your city, not the statewide figure — the spread between Arizona markets is wider than the year-over-year move in any of them.
- Read the supply table above. At 3.8 months of supply, you still set the terms — but only if the home is priced to the comps on day one.
- Watch days on market in your city, not the state. The statewide median was 62 days (Redfin, through May 2026); your city page carries its own.
- Time the listing against new-listing volume. New listings are -10.2% year over year — less competition than a year ago.
Arizona housing market questions
What is the typical home value in Arizona?
The typical home value in Arizona is $417,990 (Zillow, August 2026). That is a -1.1% change over the past 12 months. The median price of homes that actually sold was $453,800 (Redfin, through May 2026); sale prices skew toward whatever segment is transacting, which is why they differ from the typical-value figure.
Are Arizona home prices going up or down?
Arizona home values are down 1.1% year over year (Zillow, August 2026). Values sit 4.1% below their highest reading in the past two years.
How much income do you need to buy a home in Arizona?
At the current 30-year fixed rate of 7.03%, a $417,990 home with 20.0% down carries roughly $2,231 a month in principal and interest. Using the 28% front-end ratio most lenders underwrite to, that implies a household income of about $95,614 before taxes, insurance, HOA dues, or mortgage insurance are added. Arizona's median household income is $76,872 (Census ACS, 2023), a gap of $18,742 above the median household. These figures are illustrative, not a quote or a pre-approval.
Is it cheaper to rent or buy in Arizona?
Typical asking rent across the largest Arizona cities Zillow publishes rent data for is $1,790 a month (median of 51 cities, Zillow, August 2026). Against a typical home value of $417,990, that is a price-to-rent ratio of 19.5x. Ratios under about 15x generally favour buying if you plan to stay put; above about 20x, renting and investing the difference tends to win over short horizons. Principal and interest alone runs $441 more than that typical rent each month, before taxes, insurance, and maintenance.
Which Arizona cities are the most affordable?
Among the largest cities we track in Arizona, the lowest typical home values are in Ajo ($129,878), San Manuel ($153,213), Kearny ($163,352), Douglas ($173,745), Superior ($185,811). Values are Zillow's typical-home-value index for August 2026.
Which Arizona cities are the most expensive?
The highest typical home values among the largest Arizona cities are in Paradise Valley ($3.52M), Carefree ($1.27M), Cave Creek ($1.04M), Sedona ($899,296), Scottsdale ($851,107). Price per square foot, inventory, and days on market for each are on the individual city pages.
Which Arizona cities are appreciating the fastest?
Over the past 12 months the largest home-value gains among Arizona cities we track were in Meadview (+10.4%), Paradise Valley (+9.7%), Colorado City (+9.0%), Pima (+5.1%), Scenic (+4.0%). Fast appreciation usually reflects constrained supply, in-migration, or a small transaction base — check the individual city page before reading it as a trend.
How long do homes take to sell in Arizona?
Homes in Arizona spent a median of 62 days on market in the last month Redfin published (Redfin, through May 2026). That is 3 days slower than the same month a year earlier. The quickest market among the state's largest cities was Joseph City at 3 days. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
How does Arizona compare to neighboring states?
Arizona's typical home value of $417,990 compares with California at $764,158, Nevada at $442,027, New Mexico at $318,241. The U.S. typical home value is $368,697, putting Arizona 13.4% above the national figure. New Mexico is cheaper on a typical-value basis.
Is now a good time to buy in Arizona?
That depends on your timeline, not the headline. The measurable inputs today: a 30-year fixed rate of 7.03%, 3.8 months of supply statewide (Redfin, through May 2026), active listings -9.5% year over year, and home values -1.1% over the past year. Buyers with a five-year-plus horizon are mostly exposed to the payment, not the price, so the rate you can qualify for matters more than the month you buy. Properties Incorporated is an independent data platform, not a brokerage or lender — this is information, not advice.
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Keep researching Arizona
City-vs-city in Arizona
Studies & tools
How we built these numbers
Neighboring state markets
- California housing market — $764,158 typical value
- Nevada housing market — $442,027 typical value
- New Mexico housing market — $318,241 typical value
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