$199,000 House For Sale
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The median home value in Maricopa County is $199,400. Maricopa County home values have gone up 0.7% over the past year and Zillow predicts they will rise 3.7% within the next year. The median list price per square foot in Maricopa County is $127, which is higher than the Phoenix Metro average of $123. The median price of homes currently listed in Maricopa County is $249,900 while the median price of homes that sold is $210,560. The median rent price in Maricopa County is $1,185, which is higher than the Phoenix Metro median of $1,150.
Foreclosures will be a factor impacting home values in the next several years. In Maricopa County 4.3 homes are foreclosed (per 10,000). This is lower than the Phoenix Metro value of 4.4 and also lower than the national value of 4.4
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 3.8%, which is lower than the national value of 6.9%. 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 19.5%, which is lower than Phoenix Metro at 20.1%.more
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.
Homes foreclosed (per 10,000)