Home prices
The cost of the median home in Phoenix is $235,400. It is approximately $161,567 (40%) lower in comparison to its nearby areas.It is about $17,900 (8%) higher compared to the rest of the country.
Rents
The median monthly rent in Phoenix is $1,053. In comparison to the surrounding areas this is approximately $232 (18%) lower.Compared to the entire nation it is is very similar.
Nearby places
Paradise Valley
Paradise Valley is Phoenix's neighbor to the east. The real estate prices there are a lot more expensive. The median home price in Paradise Valley is $1,516,200, which is $1,280,800 (84%) higher than Phoenix. Rent there is significantly more expensive. In Paradise Valley the median monthly rent is $2,547, which is $1,494 (58%) higher than Phoenix.
Glendale
Glendale is Phoenix's neighbor to the west. Real estate prices there are somewhat less expensive. The value of the median home in Glendale is $214,700, which is $20,700 (9%) lower than Phoenix. Rents there are somewhat less expensive. The median rent in Glendale is $997 a month, which comes out to $56 (5%) lower than Phoenix.
Tolleson
Tolleson is Phoenix's neighbor to the southwest. The real estate prices there are significantly less expensive. The median home in Tolleson is valued at $174,800, which comes out to $60,600 (34%) lower than Phoenix. Its rents are a bit less expensive. The median rent in Tolleson is $891 a month, which comes out to $162 (18%) lower than Phoenix.
Sun City
Sun City is approximately 10 miles west of Phoenix. Its housing prices are a lot less expensive. The median home in Sun City is valued at $159,900, which comes out to $75,500 (47%) lower than Phoenix. Rents there are similar. The median monthly rent in Sun City is $1,088, which works out to $35 (3%) higher than Phoenix.
Youngtown
Youngtown is about 11 miles west of Phoenix. Its housing prices are a lot less expensive. The median home in Youngtown costs $155,400, which comes out to $80,000 (51%) lower than Phoenix. Rent there is a little less expensive. In Youngtown the median monthly rent is $957, which is $96 (10%) lower than Phoenix.
El Mirage
El Mirage is approximately 12 miles west of Phoenix. Housing prices there are a lot less expensive. The median home in El Mirage costs $160,800, which is $74,600 (46%) lower than Phoenix. Rent there is somewhat more expensive. In El Mirage the median monthly rent is $1,228, which is $175 (14%) higher than Phoenix.