Home Values

Maricopa County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$210,100

  • 6.0% 1-year change
  • 3.2% 1-year forecast

The median home value in Maricopa County is $210,100. Maricopa County home values have gone up 6.0% over the past year and Zillow predicts they will rise 3.2% within the next year. The median list price per square foot in Maricopa County is $134, which is higher than the Phoenix Metro average of $129. The median price of homes currently listed in Maricopa County is $265,000 while the median price of homes that sold is $209,550. The median rent price in Maricopa County is $1,250, which is higher than the Phoenix Metro median of $1,209.

Foreclosures will be a factor impacting home values in the next several years. In Maricopa County 3.1 homes are foreclosed (per 10,000). This is lower than the Phoenix Metro value of 3.4 and also lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Maricopa County is 3.3%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Maricopa County homeowners underwater on their mortgage is 20.3%, which is lower than Phoenix Metro at 20.6%.

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Relative ZHVI
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Maricopa County Market Overview

Data through Feb 28, 2015
  • $210,100 ZHVI
  • 3.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $265,000 Median listing price
  • $209,550 Median sale price
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Maricopa County Market Health

Data through Feb 28, 2015
  • 6.5/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 20.3% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.3% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

3.1 homes Maricopa County
3.4 homes Phoenix Metro
3.9 homes United States
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Cities in Maricopa County

Name Median ZHVI
Goodyear $214,600
Litchfield Park $211,800
Surprise $185,800
Name Median ZHVI
Glendale $164,900
Avondale $159,400
Buckeye $152,500
Name Median ZHVI
El Mirage $125,100
Tolleson $89,500
Youngtown $81,700

Listings & Sales

Data through Feb 28, 2015
  • $134 Median list price / sq ft
  • $121 Median sale price / sq ft
  • 17.4% Listings with price cut
18.6%
Sold below listing
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Maricopa County Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,250 Maricopa County
    $1,228 Phoenix Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,250 Rent list price
  • $0.85 Rent list price / sq ft
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