Phoenix Stats

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Category: Housing

Why Owning a Home is Less Common in Phoenix

Fewer and fewer Americans have been buying homes over the last decade. Today, just 63.0% of Americans own their homes, the smallest share since 1965. In the Phoenix-Mesa-Scottsdale metro area, 60.5% of residents own their homes, lower than the national homeownership rate and the lowest of any metro area in Arizona. Young Americans are far […]

Why Quality of Life is Lower in Arizona

Americans often evaluate their home states according to such subjective conditions as climate preference, the presence of friends and family, and personal history. In addition to these subjective measures, more objective socioeconomic factors also contribute to life satisfaction. It is such quantitative measures that can help assess the broader quality of life in a given […]

Phoenix No More Crowded Than the Average U.S. City

There are 4,395 people per square mile in the Phoenix-Mesa-Scottsdale metro area, lower than the national population density of 6,321 Americans per square mile across all U.S. metro areas. Phoenix also has the highest population density of any Arizona metro area. Population density can have a meaningful impact on home prices in an area. There […]

Why Phoenix is One of the More Expensive Housing Markets

A typical home in the Phoenix-Mesa-Scottsdale, Arizona metro area costs $219,100, more than the national median home value of $194,500. The median home value in Phoenix is also higher than in Arizona as a whole, where the typical home is worth $194,300. Phoenix’s median home value is also the second highest of any metro area […]

Phoenix is Among the Bottom 20% of Cities in Homeownership

Home purchases in the United States have rebounded since the the recession that began in late 2007. The residential real estate market is a major pillar of the economy and returning interest in home buying is a healthy sign of economic activity. Over the last decade, however, the homeownership rate has steadily declined — from […]

Phoenix is the 20th Worst City to Flip a Home

The U.S. housing market has been in steady recovery since the housing crisis, and increasing numbers of investors are trying their hand at home flipping: the purchase, renovation, and subsequent sale of a property in a relatively short period of time. While home flipping is costly and notoriously risky, a number of housing markets are […]

Phoenix is Among the Housing Markets With the Longest Recovery

Location, location, location, it is said, are key to succeeding in real estate. While the value of a single family home nationally may — at the current pace — be about 2.5 years away from a full recovery, in some large urban areas it might take more than 10 years for homes to recover their […]

Arizona Has the 9th Highest Share of Urban Living

Since 1950, Americans have increasingly chosen to live in cities. Today, 81% live in urban areas, more than even before. Urban areas, however, make up just 3% of U.S. land area. The proportion of people living in urban areas varies considerably between states. 24/7 Wall St. reviewed data from the U.S. Census to determine the […]

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