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These days, finding an affordable place to live in the South Phoenix area can be challenging. Home prices in South Phoenix are now at a median cost of $385,357, lower than the Phoenix average of $470,578.
The average cost of rent is $1,799/mo in South Phoenix, primarily driven by the current value of real estate in the South Phoenix area. In South Phoenix, 40.42% of households rent, and 35.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Phoenix is $7,766 per month. Households that rent pay about 23.17% of their income on rent here. South Phoenix’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- South Mountain, Phoenix, AZ: equally priced homes
- Downtown Phoenix, Phoenix, AZ: less expensive homes
- West Phoenix, Phoenix, AZ: less expensive homes
- Central Phoenix, Phoenix, AZ: equally priced homes
- Ahwatukee, Phoenix, AZ: higher priced homes
- Encanto, Phoenix, AZ: higher priced homes
- Estrella, Phoenix, AZ: less expensive homes
- Bronze Boot, Phoenix, AZ: higher priced homes
- Wood Park, Tempe, AZ: less expensive homes
- Baseline-Hardy, Tempe, AZ: less expensive homes
Neighborhoods with Similar Populations
- Bear Creek, Stockton, CA: higher priced homes
- Brentwood, Los Angeles, CA: higher priced homes
- Brightwood, Washington, DC: higher priced homes
- Campello, Brockton, MA: higher priced homes
- Outer Richmond, San Francisco, CA: higher priced homes
- South Baton Rouge, Baton Rouge, LA: equally priced homes
- Sixteen Acres, Springfield, MA: less expensive homes
- Seminary Hill, Alexandria, VA: higher priced homes
- Sand Lake, Anchorage, AK: higher priced homes
- Roseway, Portland, OR: higher priced homes
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