Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Pinal County | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $288,106 | $340,223 | $242,182 |
| Price Trend (Annual %) | 12.1% | 12.4% | 8.2% |
| Median Gross Rent | $1,417 | $1,430 | $1,342 |
| Rent Trend (Annual %) | 5.4% | 6.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pinal County is about 15% lower than in Arizona. Rent is about 1% lower than the Arizona average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Pinal County, up about 12.1% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Pinal County rose about 42.9% between 2015 and 2023, from $991 to $1,417. Over the same span, rent in Arizona rose about 56.7%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Pinal County.
Buying the median-priced home in Pinal County costs roughly 16.9 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 Pinal County. The price-to-rent ratio in Arizona is about 19.8.
| Metric | Pinal County | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $288,106 | $340,223 | $242,182 |
| Median Household Income | $78,302 | $77,100 | $78,145 |
| Price-to-Income Ratio | 3.7 | 4.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Pinal County rose about 189.1%, while median household income rose about 58.9% between 2009 and 2023 — 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 | Pinal County | Arizona Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.4% | 59.6% | 58.2% |
| Rental Rate | 17.0% | 29.4% | 31.3% |
| Vacancy Rate | 12.6% | 11.0% | 10.6% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Pinal County has a homeownership rate of 70.4%, higher than the Arizona average of 59.6%. Its housing vacancy rate is 12.6%, compared with 11.0% in Arizona.
Housing Stock
| Metric | Pinal County | Arizona Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.74 people | 2.54 people | 2.54 people |
| Median Structure Built Year | 2000 | 1990 | 1978 |
| Median Number of Rooms | 5.6 | 5.3 | 5.5 |
The typical housing unit in Pinal County was built around 2000. On average, 2.7 people live in a home with about 5.6 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pinal County, Arizona.
What is the median home price in Pinal County, Arizona?
The median home price in Pinal County, Arizona is $288,106, lower than the Arizona average of $340,223.
What is the average home price in Pinal County, Arizona?
The typical home price in %s, reported as the median sale price, is %s. 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 Pinal County, Arizona?
The median gross rent in Pinal County, Arizona is $1,417 per month, lower than the Arizona average of $1,430.
What was the median gross rent in Pinal County in 2020?
In 2020, the median gross rent in Pinal County, Arizona was $1,077 per month.
What is the price-to-rent ratio in Pinal County, Arizona?
The price-to-rent ratio in Pinal County, Arizona is about 16.9, meaning it would take roughly 16.9 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 Pinal County.
Are home prices or rent rising faster in Pinal County, Arizona?
Both home prices and rent are rising in Pinal County, up about 12.1% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pinal County, Arizona?
70.4% of households in Pinal County, Arizona own their home, higher than the Arizona average of 59.6%.
What is the vacancy rate in Pinal County, Arizona?
The housing vacancy rate in Pinal County, Arizona is 12.6%, higher than the Arizona average of 11.0%.