Maricopa County, Arizona Housing Market Prices
Maricopa County 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 20% above the Arizona median Most expensive county in Arizona$441,684
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Median rent 11% above the Arizona median Most expensive county in Arizona$1,707
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Maricopa County | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $441,684 | $367,851 | $248,835 |
| Price Trend (Annual %) | 12.3% | 11.9% | 7.5% |
| Median Gross Rent | $1,707 | $1,543 | $1,407 |
| Rent Trend (Annual %) | 7.1% | 6.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Maricopa County is about 20% higher than in Arizona. Rent is about 11% 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 County, up about 12.3% and 7.1% a year respectively. Home prices are changing faster.
Median rent in Maricopa County rose about 77.6% between 2015 and 2024, from $961 to $1,707. Over the same span, rent in Arizona rose about 69.1%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Maricopa County.
Buying the median-priced home in Maricopa County costs roughly 21.6 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 Maricopa County. The price-to-rent ratio in Arizona is about 19.9.
| Metric | Maricopa County | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $441,684 | $367,851 | $248,835 |
| Median Household Income | $89,727 | $80,381 | $80,455 |
| Price-to-Income Ratio | 4.9 | 4.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Maricopa County rose about 173.4%, while median household income rose about 53.7% 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 County | Arizona Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.8% | 60.3% | 58.5% |
| Rental Rate | 32.0% | 29.2% | 31.2% |
| Vacancy Rate | 8.1% | 10.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Maricopa County has a homeownership rate of 59.8%, about the same as the Arizona average of 60.3%. Its housing vacancy rate is 8.1%, compared with 10.6% in Arizona.
Housing Stock
| Metric | Maricopa County | Arizona Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.59 people | 2.53 people | 2.53 people |
| Median Structure Built Year | 1991 | 1991 | 1978 |
| Median Number of Rooms | 5.4 | 5.3 | 5.5 |
The typical housing unit in Maricopa County was built around 1991. On average, 2.6 people live in a home with about 5.4 rooms, staying for about 12.0 years on average.
Maricopa County, AZ Housing Compared With Nearby Counties
Maricopa County, AZ is the largest of the 6 counties compared here, 4,540,439 residents against a local median of 245,472. Maricopa County, AZ's median rent, at $1,707, runs 41% above the $1,211 typical of the counties around it.
Median home price tells the same story from another angle: $441,684 against a local median of $322,522, 37% above it. The counties themselves spread $735 on median rent, so Maricopa County, AZ sits at one end of an already wide local range rather than apart from it. Maricopa County, AZ has the highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Maricopa County, AZ | 4,540,439 | $441,684 #1/6 | $1,707 #1/6 | 65.1% #6/6 |
| Pinal County, AZ | 468,983 | $322,522 | $1,537 | 81.7% |
| Yavapai County, AZ | 245,472 | $380,410 | $1,351 | 75.1% |
| Pima County, AZ | 1,060,282 | $333,054 | $1,211 | 65.2% |
| Yuma County, AZ | 211,723 | $142,893 | $992 | 71.0% |
| La Paz County, AZ | 16,663 | $133,749 | $802 | 72.1% |
Frequently Asked Questions
Common questions about the housing market in Maricopa County, Arizona.
What is the median home price in Maricopa County, Arizona?
The median home price in Maricopa County, Arizona is $441,684, higher than the Arizona average of $367,851.
What is the average home price in Maricopa County, Arizona?
The typical home price in Maricopa County, Arizona, reported as the median sale price, is $441,684. 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 County, Arizona?
The median gross rent in Maricopa County, Arizona is $1,707 per month, higher than the Arizona average of $1,543.
What was the median gross rent in Maricopa County in 2020?
In 2020, the median gross rent in Maricopa County, Arizona was $1,181 per month.
What is the price-to-rent ratio in Maricopa County, Arizona?
The price-to-rent ratio in Maricopa County, Arizona is about 21.6, meaning it would take roughly 21.6 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 Maricopa County.
Are home prices or rent rising faster in Maricopa County, Arizona?
Both home prices and rent are rising in Maricopa County, up about 12.3% and 7.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Maricopa County, Arizona?
59.8% of households in Maricopa County, Arizona own their home, lower than the Arizona average of 60.3%.
What is the vacancy rate in Maricopa County, Arizona?
The housing vacancy rate in Maricopa County, Arizona is 8.1%, lower than the Arizona average of 10.6%.
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