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Arizona

Learn about the people, housing, costs and businesses across Arizona

Median Home$414,453
Median Rent$1,682/month
Population7,378,838
Leading IndustriesWholesale Trade · Manufacturing · Professional Services8% wholesale trade
Home Value Growth⬆⬆+14.3% over 2 years
Young Adults30% of residentsslightly above average
Homeowners67% of occupied units
NotableVeteran Community8% of residents · top 21% nationally
Arizona

Frequently Asked Questions

What are today's mortgage rates in Arizona?

As of today, the 30-year fixed mortgage rate for Arizona is approximately 6.814% (6.865% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Arizona?

The median home value in Arizona is $414k. The median monthly rent is $1,682. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Arizona?

Home values in Arizona have increased 14.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Arizona?

Based on a typical all-in ownership cost of $1,461/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $63k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Arizona is $88k/year.

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What industries drive the economy in Arizona?

The largest employment sectors in Arizona are public administration (22%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.