Arizona housing market: home prices by city and forecast
Arizona home prices: the Zillow Home Value Index put a typical home in Arizona at $416,733 in September 2026. That was −1.0% lower than a year earlier.
- Typical value of a home
- $416,733September 2026, Zillow ZHVI
- Change over 12 months
- −1.0%US +1.2%
- Change over 10 years
- +87.3%US +77.4%
- Multiple measured from 2000
- ×3.06US ×2.99
- Home price to income
- 5.1, with median income $81,486.
Out of the 50 states and DC, Arizona places 18th by typical home value and 48th by the 12-month change. Growth since 2000 ranks it 17th of 47, and price to income 16th, with the highest ranks first.
Arizona home prices since 2000
Back in January 2000 a typical Arizona home cost $136,021; today it is $416,733. The high point came in July 2022 at $461,573, so the current number is −9.7% under that.
| Decade | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2000s | $139,045 | $146,748 | $154,259 | $163,121 | $229,127 | $282,145 | $271,442 | $227,124 | $175,664 | |
| 2010s | $158,236 | $140,222 | $147,811 | $175,344 | $192,837 | $203,155 | $220,102 | $235,094 | $253,051 | $270,294 |
| 2020s | $296,635 | $366,847 | $443,047 | $424,598 | $434,639 | $425,130 |
Arizona home prices since 1975: the FHFA index
Arizona's 2025 reading on FHFA's repeat-sales index was 1236 (1975 = 100). By Q2 2026 the index had risen +0.9% over a year.
Owner reports in the Census of Housing put Arizona at $1,400 in 1940. The figure for 2000 was $121,300.
| Census year | Arizona median value | US median value |
|---|---|---|
| 1940 | $1,400 | $2,938 |
| 1950 | $5,935 | $7,354 |
| 1960 | $11,100 | $11,900 |
| 1970 | $16,300 | $17,000 |
| 1980 | $54,800 | $47,200 |
| 1990 | $80,100 | $79,100 |
| 2000 | $121,300 | $119,600 |
No inflation adjustment is applied to this data. Census of Housing tables
Home prices in Arizona by city
Pages are available for 9 cities, listed from largest to smallest:
| City | Typical value of a home | Change over 12 months | Multiple measured from 2000 |
|---|---|---|---|
| Phoenix | $404,067 | −1.2% | ×3.45 |
| Tucson | $318,760 | −1.9% | ×2.83 |
| Mesa | $428,871 | −0.7% | ×3.17 |
| Scottsdale | $851,746 | +3.4% | ×3.48 |
| Yuma | $293,382 | +0.1% | |
| Flagstaff | $650,175 | +0.2% | ×4.20 |
| Lake Havasu City | $459,245 | +0.8% | ×4.07 |
| Prescott | $592,855 | −0.3% | ×3.50 |
| Sedona | $891,380 | +0.7% | ×3.86 |
| Chandler | $512,981 | −1.2% | |
| Gilbert | $565,459 | −0.2% | |
| Glendale | $399,844 | −1.2% | |
| Peoria | $480,440 | −0.7% | |
| Tempe | $458,515 | −0.5% | |
| Surprise | $416,014 | −1.7% | |
| Goodyear | $463,514 | −0.9% | |
| San Tan Valley | $392,549 | −2.4% | |
| Buckeye | $391,189 | −1.9% |
Source: Zillow Home Value Index, September 2026.
Arizona metro forecasts for home prices
In September 2026 for 5 Arizona metros, Zillow's forecasts for the next 12 months run from −1.8% to +1.0%:
| Metro | Next 3 months | Next 12 months |
|---|---|---|
| Phoenix, AZ | 0% | −1.8% |
| Tucson, AZ | −0.2% | −1.1% |
| Yuma, AZ | +0.9% | +0.9% |
| Flagstaff, AZ | +0.9% | +1.0% |
| Lake Havasu City, AZ | +0.1% | −1.2% |
This is Zillow's estimate and not investment advice.
Arizona cost of living
The price level in Arizona is 100.7 (US 100). Housing sits at 106.8, goods at 95.4, utilities at 92.3, and other services at 102.8 (BEA). Median household income is $81,486, and median gross rent is $1,672 a month (Census ACS 2024). Of all homes, 68% are owner-occupied, and the median year built is 1994.
Every state: cost of living by state; for cities, Phoenix, Tucson, Mesa, Flagstaff, Sedona.
How to read the chart
The first chart uses dollars and reached its peak of $461,573 in July 2022. Chart two works as an index: Arizona's line finishes at 1236, which means prices there run 12.4 times their 1975 level. Inflation adjustment applies to neither.