Fountain Hills, Arizona Housing Market Prices
Fountain Hills Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 38% above the Arizona median$506,222
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Median rent 22% above the Arizona median$1,890
Housing Market Overview
| Metric | Fountain Hills | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $506,222 | $367,851 | $248,835 |
| Price Trend (Annual %) | 6.0% | 11.9% | 7.5% |
| Median Gross Rent | $1,890 | $1,543 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 6.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fountain Hills is about 38% higher than in Arizona. Rent is about 22% higher than the Arizona average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Fountain Hills, up about 6.0% and 6.2% a year respectively. Rent is changing faster.
Median rent in Fountain Hills rose about 63.4% between 2015 and 2024, from $1,157 to $1,890. Over the same span, rent in Arizona rose about 69.1%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Fountain Hills.
Buying the median-priced home in Fountain Hills costs roughly 22.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Fountain Hills. The price-to-rent ratio in Arizona is about 19.9.
| Metric | Fountain Hills | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $506,222 | $367,851 | $248,835 |
| Median Household Income | $111,023 | $80,381 | $80,455 |
| Price-to-Income Ratio | 4.6 | 4.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fountain Hills rose about 23.2%, while median household income rose about 29.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Fountain Hills | Arizona Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.6% | 60.3% | 58.5% |
| Rental Rate | 13.1% | 29.2% | 31.2% |
| Vacancy Rate | 16.3% | 10.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Fountain Hills has a homeownership rate of 70.6%, higher than the Arizona average of 60.3%. Its housing vacancy rate is 16.3%, compared with 10.6% in Arizona.
Housing Stock
| Metric | Fountain Hills | Arizona Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.13 people | 2.53 people | 2.53 people |
| Median Structure Built Year | 1994 | 1991 | 1978 |
| Median Number of Rooms | 5.9 | 5.3 | 5.5 |
The typical housing unit in Fountain Hills was built around 1994. On average, 2.1 people live in a home with about 5.9 rooms, staying for about 12.0 years on average.
Fountain Hills, AZ Housing Compared With Nearby Cities
How Fountain Hills, AZ compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fountain Hills, AZ | 23,789 | $506,222 #2/3 | $1,890 #2/3 | 84.4% #1/3 |
| Scottsdale, AZ | 235,619 | $551,646 | $2,009 | 66.2% |
| Mesa, AZ | 504,945 | $308,232 | $1,616 | 64.5% |
Frequently Asked Questions
Common questions about the housing market in Fountain Hills, Arizona.
What is the median home price in Fountain Hills, Arizona?
The median home price in Fountain Hills, Arizona is $506,222, higher than the Arizona average of $367,851.
What is the average home price in Fountain Hills, Arizona?
The typical home price in Fountain Hills, Arizona, reported as the median sale price, is $506,222. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Fountain Hills, Arizona?
The median gross rent in Fountain Hills, Arizona is $1,890 per month, higher than the Arizona average of $1,543.
What was the median gross rent in Fountain Hills in 2020?
In 2020, the median gross rent in Fountain Hills, Arizona was $1,444 per month.
What is the price-to-rent ratio in Fountain Hills, Arizona?
The price-to-rent ratio in Fountain Hills, Arizona is about 22.3, meaning it would take roughly 22.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Fountain Hills.
Are home prices or rent rising faster in Fountain Hills, Arizona?
Both home prices and rent are rising in Fountain Hills, up about 6.0% and 6.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Fountain Hills, Arizona?
70.6% of households in Fountain Hills, Arizona own their home, higher than the Arizona average of 60.3%.
What is the vacancy rate in Fountain Hills, Arizona?
The housing vacancy rate in Fountain Hills, Arizona is 16.3%, higher than the Arizona average of 10.6%.
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