Arizona housing market

What the numbers say

Arizona real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in Arizona listed for $459,900, down 3.5% from a year earlier.

Homes spent a median of 65 days on the market, faster than 67 days a year ago.

Homeowners in Arizona pay a median of $1,879 a year in property taxes on a median home value of $394,500, an effective rate of about 0.48%.

Renters pay a median of $1,543 a month, and $1,541 for a two-bedroom. At today's prices a typical home costs about 25 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $460,000 home here comes to about $2,882 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $123,000 a year (the median household here earns $79,964).