Home Price Key
Affordable
Average
Expensive
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 $560,885, higher than the Maryland average of $357,815.
The average cost of rent is $2,104/mo in Phoenix, primarily driven by the current value of real estate in the Phoenix area. While nearly 37.09% of residents own their homes outright in Phoenix, 3.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in Phoenix is $14,757 per month. Households that rent pay about 14.26% of their income on rent here. Phoenix's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Baldwin, MD: less expensive homes
- Cockeysville, MD: less expensive homes
- Glen Arm, MD: equally priced homes
- Timonium, MD: less expensive homes
- Monkton, MD: equally priced homes
- Hydes, MD: less expensive homes
- Sparks Glencoe, MD: less expensive homes
- Lutherville, MD: less expensive homes
- Mays Chapel, MD: less expensive homes
- Lutherville-Timonium, MD: less expensive homes
Cities with Similar Populations
- Sultan, WA: less expensive homes
- Garden City, SC: less expensive homes
- Garnet, CA: less expensive homes
- Stormville, NY: less expensive homes
- Strasburg, PA: less expensive homes
- Sudden Valley, WA: less expensive homes
- Sugarcreek, OH: less expensive homes
- Sullivan, IN: less expensive homes
- Sulphur, OK: less expensive homes
- Garden City Park, NY: higher priced homes
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