The median home in Arizona was worth $426,000 in 2024, up 66% from $255,900 in 2019. Since then, the FHFA house price index for the state has moved +0.9% over the year to 2026 Q2, after averaging +9.7% a year from 2020 to 2025.
Metro areas
| Metro area | Past year (to 2026 Q2) | 2020–2025 average |
|---|---|---|
| Phoenix-Mesa-Chandler, AZ | +0.8% | +9.7%/yr |
| Tucson, AZ | +1.9% | +9.7%/yr |
Home values in Arizona's largest cities
| City | 2019 | 2024 | Change |
|---|---|---|---|
| Phoenix, AZ | $266,600 | $454,900 | +71% |
| Tucson, AZ | $172,700 | $299,700 | +74% |
| Mesa, AZ | $259,300 | $440,800 | +70% |
| Gilbert, AZ | $372,500 | $624,400 | +68% |
| Chandler, AZ | $342,200 | $546,800 | +60% |
| Glendale, AZ | $241,100 | $431,300 | +79% |
| Scottsdale, AZ | $534,300 | $856,700 | +60% |
| Peoria, AZ | $307,800 | $494,600 | +61% |
| Tempe, AZ | $323,600 | $488,600 | +51% |
| Surprise, AZ | $269,900 | $450,800 | +67% |
Sources: U.S. Census Bureau, American Community Survey 1-year estimates (2019, 2023, 2024), median value of owner-occupied homes; FHFA all-transactions house price index for the state and for metro areas, through 2026 Q2. How Predictye calculates this.
Frequently asked questions
What is the median home value in Arizona?
$426,000 in 2024, from the Census Bureau's American Community Survey (owners' estimates).
Are home prices in Arizona going up or down?
The FHFA house price index for Arizona moved +0.9% over the year to 2026 Q2, after averaging +9.7% a year from 2020 to 2025.
How much have Arizona home values risen since 2019?
The median value rose from $255,900 in 2019 to $426,000 in 2024, +66%.