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These days, finding an affordable place to live in the Phoenix area can be challenging. Home prices in Phoenix are now at a median cost of $404,164, higher than the Georgia average of $324,634.
The average cost of rent is $1,010/mo in Phoenix, primarily driven by the current value of real estate in the Phoenix area. In Phoenix, 21.72% of households rent, and 30.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Phoenix is $6,513 per month. Households that rent pay about 15.51% of their income on rent here. Phoenix’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Eatonton, GA: less expensive homes
- Rockville, GA: higher priced homes
- Imperial, GA: less expensive homes
- Harmony, GA: less expensive homes
- Flat Rock, GA: less expensive homes
- Hallwood, GA: less expensive homes
- Veazey, GA: higher priced homes
- Note, GA: less expensive homes
- Godfrey, GA: equally priced homes
- White Plains, GA: less expensive homes
Cities with Similar Populations
- Gilbert, PA: less expensive homes
- Folsom, GA: less expensive homes
- Fork Union, VA: less expensive homes
- Fort Shaw, MT: less expensive homes
- Fortuna, MO: less expensive homes
- Franklinville, IL: less expensive homes
- Gainesville, NY: less expensive homes
- Garden City, UT: higher priced homes
- Garvin, OK: less expensive homes
- Flatwoods, MO: less expensive homes
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