The typical home in Phoenix is listed at $404,000, +1.9% on a year earlier. Projected forward, a typical home would be worth about $412,000 in 2027 and $557,000 in 2031.
The first 2 years follow this year's change in list prices (+1.9%); later years use the Federal Housing Finance Agency's house price index average for these ZIP codes from 2020 to 2025 (+9.9% a year).
Phoenix home values by year
| Year | Typical home value | Annual change used |
|---|---|---|
| 2026 (now) | $404,000 | — |
| 2027 (projected) | $412,000 | +1.9% (this year's listings) |
| 2028 (projected) | $420,000 | +1.9% (this year's listings) |
| 2031 (projected) | $557,000 | +9.9% (FHFA 2020–2025) |
Homes for sale in these ZIP codes have been on the market a median of 31 days.
By ZIP code
| ZIP | Median list price | A year ago | Sale listings | FHFA trend 2020–2025 |
|---|---|---|---|---|
| 85032 | $450,000 | $425,000 | 371 | +9.5%/yr |
| 85041 | $420,000 | $430,000 | 244 | +10.1%/yr |
| 85008 | $415,000 | $415,000 | 199 | +9.8%/yr |
| 85033 | $330,000 | $340,000 | 135 | +10.0%/yr |
| 85037 | $425,000 | $389,990 | 375 | +10.1%/yr |
| 85022 | $400,000 | $419,000 | 316 | +9.5%/yr |
| 85009 | $320,000 | $315,000 | 107 | +11.0%/yr |
| 85035 | $359,000 | $339,898 | 138 | +10.3%/yr |
| 85029 | $379,900 | $379,900 | 179 | +8.8%/yr |
Read this with care
List prices are what sellers ask, not what homes sell for, and a one-year change in them can swing with what happens to be on the market. The FHFA trend covers 2020 to 2025, including the pandemic-era run-up, so it may overstate where prices go from here. The projection is both trends carried forward, not a call on the next turn.
Source: RentCast market data for 9 of Phoenix's 43 ZIP codes (the most populous, home to 35% of residents in the city's ZIP codes, per the Census Bureau's ACS 2023). A ZIP counts only with at least 20 active listings. Retrieved October 14, 2026. Figures are listing-weighted averages of ZIP medians, not an appraisal. How Predictye calculates this.
Frequently asked questions
What will homes in Phoenix, AZ be worth in 2027?
A typical $404,000 home would be worth about $412,000 in 2027. The first 2 years follow this year's change in list prices (+1.9%); later years use the Federal Housing Finance Agency's house price index average for these ZIP codes from 2020 to 2025 (+9.9% a year).
What is the typical home price in Phoenix, AZ?
The typical list price is $404,000, across 2,064 active sale listings in 9 ZIP codes.
Are home prices in Phoenix going up or down?
Over the past year, list prices in these ZIP codes moved +1.9%. The longer FHFA trend from 2020 to 2025 is +9.9% a year.