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The Narraitive

Arizona housing market

AZ7 covered citiesData through May 2026

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Key housing metrics

Typical home value

$424K

-1.6% YoY

Median rent (covered cities)

$1,577/mo

Covered cities

7

Typical home value (ZHVI)$K
Home valueSource: Zillow Research ZHVI, state level — smoothed, seasonally adjusted
Home value growth, year over year% YoY
Value YoYSource: The Narraitive on Zillow Research ZHVI

Covered markets in Arizona

MarketHome valueValue YoYRentRent YoY
Scottsdale$859K+1.7%$2,167+1.6%
Gilbert$573K-0.9%$2,019-1.4%
Chandler$523K-1.8%$1,907-0.2%
Mesa$436K-1.4%$1,556-0.8%
Phoenix$412K-2.3%$1,577-0.8%
Glendale$409K-2%$1,542-0.5%
Tucson$326K-2.1%$1,410+0.7%

Frequently asked questions

What is the typical home value in Arizona?
The typical home value in Arizona is $424K (-1.6% YoY) as of May 2026, per Zillow Research's state-level ZHVI (smoothed, seasonally adjusted, middle price tier). The two-year trend and growth rate are charted above and refresh monthly.
Is now a good time to buy a house in Arizona?
The Narraitive does not provide real-estate, investment, or financial advice. Housing is local: statewide numbers hide city-level differences, so check the covered Arizona city dashboards below against inventory, affordability, and rent-vs-buy math — and consult a licensed local professional for advice specific to your situation.

Methodology: state figures are Zillow Research’s state-level ZHVI (typical home value, middle price tier, smoothed and seasonally adjusted); city rows use the same city-level series documented on each city page. Data provided by Zillow (zillow.com/research/data), used with attribution; refreshed monthly. Never real-estate, investment, or financial advice. Corrections: hello@thenarraitive.com.