Phoenix, AZ Real Estate
According to census data in the year 2000 there were 495,793 housing units in Phoenix.
This represents a 17.5% growth from 422,036 in 1990.
Of those housing units, 493,926 were located in either urbanized areas or urban clusters, and 1,867 were located in what is classified as a rural area.
Homeownership rate in Phoenix is about 60.7%.
Phoenix's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.79 people.
The majority of houses, apartments or condos in Phoenix were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.40% |
| One Bedroom | 17.20% |
| Two Bedrooms | 27.30% |
| Three Bedrooms | 33.60% |
| Four Bedrooms | 14.40% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.91 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $112,600 |
| Median Price asked for vacant units | $107,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $615 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 10.50% |
| Home Equity Loan | 8.60% |
| Simple Mortgage | 63.30% |
| Debt Free | 17.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.2% |
