Zillow Phoenix AZ

The median home price in Phoenix Metro is $231, 300. Phoenix Metro residence values went up 6.6% in the last 12 months and Zillow predicts they are going to increase 2.7percent over the following 12 months. The median number price per sq ft in Phoenix Metro is $144, that will be higher than the Arizona average of $139. The median price of houses at this time placed in Phoenix Metro is $272, 000. The median lease cost in Phoenix Metro is $1, 300, which is more than the Arizona median of $1, 250.

Foreclosures should be an issue affecting residence values within the next a long period. In Phoenix Metro 1.1 domiciles tend to be foreclosed (per 10, 000). This will be lower than the Arizona worth of 1.3 and less than the nationwide value of 1.4

Mortgage delinquency is the first faltering step within the property foreclosure process. This is how a homeowner fails to make a home loan repayment. The per cent of delinquent mortgages in Phoenix Metro is 0.0percent, which is below the nationwide worth of 0.0per cent. With U.S. house values having dropped by a lot more than 20per cent nationally from their particular top in 2007 until their trough in belated 2011, numerous property owners are now actually underwater to their mortgages, meaning they owe a lot more than their house will probably be worth. The per cent of Phoenix Metro home owners underwater to their home loan is 0.1%, which will be below Arizona at 0.1%.