Phoenix home values (September 2026)

The typical home in the Phoenix, AZ metro is worth $441,097, -1.1% over the last 12 months. Updated monthly from Zillow Research data.

Typical value: $441,097
1-year change: -1.1%
5-year change: +5.7%
10-year change: +85.7%

Typical home value, Phoenix metro, last 10 years. Source: Zillow Research (ZHVI).

Where Phoenix stands

#28 most expensive of the 100 largest U.S. metros; #83 by 1-year price growth.
11.3% below its peak of $497,312 in July 2022.

Home equity in Phoenix

At an 85% combined loan-to-value cap, a typical $441,097 home supports up to $374,933 of total borrowing. With a typical mortgage still owed, about $127,918 of equity would be available as a line of credit. Run your own numbers in the HELOC calculator.

Compare nearby metros

Tucson, AZ — $335,747 (-1.8% 1-yr)
Colorado Springs, CO — $446,711 (-1.4% 1-yr)
Madison, WI — $445,747 (+3.1% 1-yr)
Charleston, SC — $437,474 (-0.2% 1-yr)
Raleigh, NC — $428,267 (-1.7% 1-yr)

Frequently asked questions

What is the typical home value in Phoenix?

The typical home in the Phoenix, AZ metro area is worth about $441,097 as of September 2026, according to the Zillow Home Value Index (mid-tier homes, seasonally adjusted). That ranks #28 of the 100 largest U.S. metros.

Are home prices in Phoenix going up or down?

Over the past 12 months the typical value changed -1.1% (#83 of 100 large metros by 1-year growth). Over 5 years it changed +5.7%, and over 10 years +85.7%. Values are 11.3% below the peak of $497,312 set in July 2022.

How much home equity could a Phoenix homeowner borrow against?

Lenders typically cap combined loan-to-value at about 85%. On a typical $441,097 home that's $374,933 of total borrowing; after a typical existing mortgage (about 56% of value) roughly $127,918 would remain as a line of credit. This is an illustration, not an offer — your figure depends on your own balance, credit and appraisal.

Data: Zillow Research, Zillow Home Value Index (all homes, mid tier, smoothed and seasonally adjusted), September 2026. Equity figures are illustrative. Download the full dataset.