Goodyear, Arizona Housing Market Prices
Goodyear 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.
-
Median home price 18% above the Arizona median$435,775
-
Median rent 26% above the Arizona median$1,947
Housing Market Overview
| Metric | Goodyear | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $435,775 | $367,851 | $248,835 |
| Price Trend (Annual %) | 14.3% | 11.9% | 7.5% |
| Median Gross Rent | $1,947 | $1,543 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 6.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Goodyear is about 18% higher than in Arizona. Rent is about 26% 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 Goodyear, up about 14.3% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Goodyear rose about 67.3% between 2015 and 2024, from $1,164 to $1,947. Over the same span, rent in Arizona rose about 69.1%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Goodyear.
Buying the median-priced home in Goodyear costs roughly 18.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Goodyear. The price-to-rent ratio in Arizona is about 19.9.
| Metric | Goodyear | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $435,775 | $367,851 | $248,835 |
| Median Household Income | $103,079 | $80,381 | $80,455 |
| Price-to-Income Ratio | 4.2 | 4.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Goodyear rose about 102.9%, while median household income rose about 30.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Goodyear | Arizona Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.5% | 60.3% | 58.5% |
| Rental Rate | 20.9% | 29.2% | 31.2% |
| Vacancy Rate | 9.5% | 10.6% | 10.2% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Goodyear has a homeownership rate of 69.5%, higher than the Arizona average of 60.3%. Its housing vacancy rate is 9.5%, compared with 10.6% in Arizona.
Housing Stock
| Metric | Goodyear | Arizona Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.73 people | 2.53 people | 2.53 people |
| Median Structure Built Year | 2006 | 1991 | 1978 |
| Median Number of Rooms | 6.1 | 5.3 | 5.5 |
The typical housing unit in Goodyear was built around 2006. On average, 2.7 people live in a home with about 6.1 rooms, staying for about 10.0 years on average.
Goodyear, AZ Housing Compared With Nearby Cities
How Goodyear, AZ compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Goodyear, AZ | 103,039 | $435,775 #1/2 | $1,947 #1/2 | 76.9% #1/2 |
| Avondale, AZ | 88,371 | $378,709 | $1,821 | 61.8% |
Frequently Asked Questions
Common questions about the housing market in Goodyear, Arizona.
What is the median home price in Goodyear, Arizona?
The median home price in Goodyear, Arizona is $435,775, higher than the Arizona average of $367,851.
What is the average home price in Goodyear, Arizona?
The typical home price in Goodyear, Arizona, reported as the median sale price, is $435,775. 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 Goodyear, Arizona?
The median gross rent in Goodyear, Arizona is $1,947 per month, higher than the Arizona average of $1,543.
What was the median gross rent in Goodyear in 2020?
In 2020, the median gross rent in Goodyear, Arizona was $1,422 per month.
What is the price-to-rent ratio in Goodyear, Arizona?
The price-to-rent ratio in Goodyear, Arizona is about 18.6, meaning it would take roughly 18.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Goodyear.
Are home prices or rent rising faster in Goodyear, Arizona?
Both home prices and rent are rising in Goodyear, up about 14.3% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Goodyear, Arizona?
69.5% of households in Goodyear, Arizona own their home, higher than the Arizona average of 60.3%.
What is the vacancy rate in Goodyear, Arizona?
The housing vacancy rate in Goodyear, Arizona is 9.5%, lower than the Arizona average of 10.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →