Investor-grade market analytics for Phoenix-Mesa-Chandler, Arizona. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$442,406
-2.9% year-over-year
4.7%
gross annual
-6.1%
base case (Zillow ZHVF)
-6.1% year-over-year
Migration: Top 0% nationally
In-migrants avg $92,142 AGI vs out-migrants $80,228
Opportunity Zone Market
68 ZIP codes in Phoenix-Mesa-Chandler are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Phoenix-Mesa-Chandler, AZ is experiencing a correction with -2.9% year-over-year decline, signaling a buyer's market with softening demand. Affordability is moderately stretched with a price-to-income ratio of 5.22x, above the national average of 4.8x. Strong net positive migration (+13,192 returns/year) reflects sustained population inflows driving housing demand. Climate risk is elevated (70/100), which may impact insurance costs and long-term property values. Rental yield of 4.66% is moderate, offering acceptable cash flow for leveraged investments.
12-month projection (Zillow ZHVF model)
Phoenix-Mesa-Chandler, AZ's primary climate exposure is flooding (80/100). The composite climate risk score of 70/100 (High) indicates overall risk which may increase insurance premiums and impact property values over time. Buyers should consider climate-related insurance costs and potential future regulatory changes.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.