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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 $189,700, lower than the North Carolina average of $323,314.
The average cost of rent is $907/mo in Phoenix, primarily driven by the current value of real estate in the Phoenix area. In Phoenix, 16.13% of households rent, and 59.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Phoenix is $5,718 per month. Households that rent pay about 15.86% of their income on rent here. Phoenix’s most expensive areas are in the western regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hooper Hill, NC: equally priced homes
- Northwest, NC: higher priced homes
- Sandy Creek, NC: higher priced homes
- Gooseneck, NC: less expensive homes
- Navassa, NC: higher priced homes
- Leland, NC: higher priced homes
- The Borough, NC: less expensive homes
- Belville, NC: higher priced homes
- Montague, NC: less expensive homes
- Skippers Corner, NC: higher priced homes
Cities with Similar Populations
- Sutliff, IA: higher priced homes
- Tilleda, WI: less expensive homes
- Tiff, MO: less expensive homes
- Tibbs, TN: less expensive homes
- Thurman, NY: equally priced homes
- Throckmorton, TN: higher priced homes
- Thompson, NY: equally priced homes
- Thomaston, TX: higher priced homes
- Tedrow, OH: higher priced homes
- Teasdale, UT: higher priced homes
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