Maricopa, Arizona Housing Market Prices
Maricopa 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 8% above the Arizona median$397,122
-
Median rent 30% above the Arizona median$2,009
Housing Market Overview
| Metric | Maricopa | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $397,122 | $367,851 | $248,835 |
| Price Trend (Annual %) | 14.2% | 11.9% | 7.5% |
| Median Gross Rent | $2,009 | $1,543 | $1,407 |
| Rent Trend (Annual %) | 5.8% | 6.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Maricopa is about 8% higher than in Arizona. Rent is about 30% 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 Maricopa, up about 14.2% and 5.8% a year respectively. Home prices are changing faster.
Median rent in Maricopa rose about 59.1% between 2015 and 2024, from $1,262 to $2,009. Over the same span, rent in Arizona rose about 69.1%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Maricopa.
Buying the median-priced home in Maricopa costs roughly 16.5 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 Maricopa. The price-to-rent ratio in Arizona is about 19.9.
| Metric | Maricopa | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $397,122 | $367,851 | $248,835 |
| Median Household Income | $96,865 | $80,381 | $80,455 |
| Price-to-Income Ratio | 4.1 | 4.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Maricopa rose about 192.1%, while median household income rose about 46.4% 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 | Maricopa | Arizona Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.8% | 60.3% | 58.5% |
| Rental Rate | 14.7% | 29.2% | 31.2% |
| Vacancy Rate | 9.5% | 10.6% | 10.2% |
| Median Tenure (years) | 9.0 | 13.0 | 15.0 |
| Median Year Moved In | 2017 | 2013 | 2011 |
Maricopa has a homeownership rate of 75.8%, higher than the Arizona average of 60.3%. Its housing vacancy rate is 9.5%, compared with 10.6% in Arizona.
Housing Stock
| Metric | Maricopa | Arizona Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.19 people | 2.53 people | 2.53 people |
| Median Structure Built Year | 2008 | 1991 | 1978 |
| Median Number of Rooms | 6.5 | 5.3 | 5.5 |
The typical housing unit in Maricopa was built around 2008. On average, 3.2 people live in a home with about 6.5 rooms, staying for about 9.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Maricopa, Arizona.
What is the median home price in Maricopa, Arizona?
The median home price in Maricopa, Arizona is $397,122, higher than the Arizona average of $367,851.
What is the average home price in Maricopa, Arizona?
The typical home price in Maricopa, Arizona, reported as the median sale price, is $397,122. 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 Maricopa, Arizona?
The median gross rent in Maricopa, Arizona is $2,009 per month, higher than the Arizona average of $1,543.
What was the median gross rent in Maricopa in 2020?
In 2020, the median gross rent in Maricopa, Arizona was $1,422 per month.
What is the price-to-rent ratio in Maricopa, Arizona?
The price-to-rent ratio in Maricopa, Arizona is about 16.5, meaning it would take roughly 16.5 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 Maricopa.
Are home prices or rent rising faster in Maricopa, Arizona?
Both home prices and rent are rising in Maricopa, up about 14.2% and 5.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Maricopa, Arizona?
75.8% of households in Maricopa, Arizona own their home, higher than the Arizona average of 60.3%.
What is the vacancy rate in Maricopa, Arizona?
The housing vacancy rate in Maricopa, 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 →