Home Value Trail

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County

Maricopa County

Arizona · Phoenix-Mesa-Chandler, AZ metro area · 4,689,558 residents (2025 est.)

FHFA annual index 1975–2025Developmental county indexPermits through August 2026
FHFA house price index for Maricopa County, 1975 to 2025, with the national index rebased to the same start and NBER recessions shadedRecession 1973–75Recession 1980Recession 1981–82Recession 1990–91Recession 2001Recession 2007–09Recession 202005001,0001,50019801990200020102020United States2025: 1,214
Maricopa County (100 = first year)United States, rebased to the same startNBER recession

FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. FHFA describes its county indexes as developmental and subject to revision. The index does not give a dollar value for any home.

FHFA's index for Maricopa County, Arizona, starts in 1975 and stood at 1214 in 2025, +1114.2% above its base of 100.

Over the ten years to 2025 the index rose +125.3% (+8.5% a year), above Arizona at +118.7% and well above the national +85.0%. The Phoenix-Mesa-Chandler, AZ area rose +125.6%. The latest one-year change is +0.7%.

The strongest decade was the 2010s (+93.9%); the weakest the 2000s (+16.5%).

After a 2006 peak the index fell −50.1% to 2011 and regained the peak in 2019.

Builders were authorised for 29,326 housing units in the county in the 12 months to August 2026 (−2.8% on the previous 12 months), 6.3 units per 1,000 residents; 53% were single-family houses. Since 1995 the county has authorised 961,924 units, most in 2004.

+0.7%1 year, 2024–2025Arizona +0.9%
+56.1%5 yearsUS +47.0%
+125.3%10 years+8.5% a year annualised
+252.7%since 2000US +158.3%
29,326units permitted, 12 months6.3 per 1,000 residents

Same span, four levels

Change in the FHFA indexMaricopa CountyPhoenix-Mesa-Chandler areaArizonaUnited States
1 year (2024–2025)+0.7%+0.7%+0.9%+2.8%
5 years (2020–2025)+56.1%+56.2%+54.9%+47.0%
10 years (2015–2025)+125.3%+125.6%+118.7%+85.0%
20 years (2005–2025)+102.7%+102.3%+92.7%+79.1%
Since 2000+252.7%+251.0%+228.1%+158.3%
Since 1975+1114.2%+1109.7%+1020.8%+960.7%
10-year annualised+8.5%+8.5%+8.1%+6.3%
20-year annualised+3.6%+3.6%+3.3%+3.0%

All columns are FHFA annual all-transactions indexes over the same years.

Decade by decade

DecadeChangeUnited States
1980s (1980–1990)+27.4%+68.2%
1990s (1990–2000)+53.2%+33.9%
2000s (2000–2010)+16.5%+29.7%
2010s (2010–2020)+93.9%+35.5%
2020s so far (2020–2025)+56.1%+47.0%

FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1975 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1975 are not shown.

Peak-to-low declines

PeakLowDeclinePeak regained
20062011−50.1%2019

Building permits

Housing units authorised by building permits in Maricopa County, by month over the latest five years and by year since 1995.

Housing units authorised in Maricopa County by month, latest 12 months02,0004,0006,000Sep 2025: 1,959 units (1,278 single-family, 681 in multi-unit buildings)Sep 2025Oct 2025: 2,705 units (1,257 single-family, 1,448 in multi-unit buildings)Oct 2025Nov 2025: 2,566 units (1,235 single-family, 1,331 in multi-unit buildings)Nov 2025Dec 2025: 4,226 units (1,575 single-family, 2,651 in multi-unit buildings)Dec 2025Jan 2026: 1,529 units (999 single-family, 530 in multi-unit buildings)Jan 2026Feb 2026: 1,997 units (1,217 single-family, 780 in multi-unit buildings)Feb 2026Mar 2026: 2,556 units (1,539 single-family, 1,017 in multi-unit buildings)Mar 2026Apr 2026: 1,926 units (1,434 single-family, 492 in multi-unit buildings)Apr 2026May 2026: 1,727 units (1,398 single-family, 329 in multi-unit buildings)May 2026Jun 2026: 3,332 units (1,568 single-family, 1,764 in multi-unit buildings)Jun 2026Jul 2026: 1,727 units (1,156 single-family, 571 in multi-unit buildings)Jul 2026Aug 2026: 3,076 units (1,029 single-family, 2,047 in multi-unit buildings)Aug 2026

Housing units authorised in Maricopa County by month, latest 12 monthssingle-family2+ unit buildings

Housing units authorised in Maricopa County by month, latest 60 months02,0004,0006,000Sep 2021: 2,769 units (1,830 single-family, 939 in multi-unit buildings)Sep 2021Oct 2021: 3,564 units (2,005 single-family, 1,559 in multi-unit buildings)Nov 2021: 3,749 units (2,010 single-family, 1,739 in multi-unit buildings)Dec 2021: 4,337 units (2,051 single-family, 2,286 in multi-unit buildings)Jan 2022: 3,827 units (2,269 single-family, 1,558 in multi-unit buildings)Feb 2022: 3,554 units (2,531 single-family, 1,023 in multi-unit buildings)Mar 2022: 4,577 units (3,015 single-family, 1,562 in multi-unit buildings)Apr 2022: 3,557 units (2,306 single-family, 1,251 in multi-unit buildings)May 2022: 3,305 units (2,060 single-family, 1,245 in multi-unit buildings)Jun 2022: 3,534 units (1,648 single-family, 1,886 in multi-unit buildings)Jul 2022: 3,903 units (1,370 single-family, 2,533 in multi-unit buildings)Aug 2022: 2,733 units (1,436 single-family, 1,297 in multi-unit buildings)Sep 2022: 2,772 units (1,068 single-family, 1,704 in multi-unit buildings)Sep 2022Oct 2022: 2,591 units (891 single-family, 1,700 in multi-unit buildings)Nov 2022: 1,910 units (1,143 single-family, 767 in multi-unit buildings)Dec 2022: 4,049 units (671 single-family, 3,378 in multi-unit buildings)Jan 2023: 1,142 units (811 single-family, 331 in multi-unit buildings)Feb 2023: 3,323 units (979 single-family, 2,344 in multi-unit buildings)Mar 2023: 4,741 units (1,602 single-family, 3,139 in multi-unit buildings)Apr 2023: 2,683 units (1,328 single-family, 1,355 in multi-unit buildings)May 2023: 2,721 units (1,567 single-family, 1,154 in multi-unit buildings)Jun 2023: 2,083 units (1,426 single-family, 657 in multi-unit buildings)Jul 2023: 3,453 units (1,679 single-family, 1,774 in multi-unit buildings)Aug 2023: 2,625 units (1,844 single-family, 781 in multi-unit buildings)Sep 2023: 4,064 units (1,614 single-family, 2,450 in multi-unit buildings)Sep 2023Oct 2023: 3,361 units (1,835 single-family, 1,526 in multi-unit buildings)Nov 2023: 3,861 units (1,655 single-family, 2,206 in multi-unit buildings)Dec 2023: 3,019 units (1,567 single-family, 1,452 in multi-unit buildings)Jan 2024: 3,840 units (2,046 single-family, 1,794 in multi-unit buildings)Feb 2024: 3,392 units (2,287 single-family, 1,105 in multi-unit buildings)Mar 2024: 3,514 units (2,106 single-family, 1,408 in multi-unit buildings)Apr 2024: 3,231 units (1,741 single-family, 1,490 in multi-unit buildings)May 2024: 2,235 units (1,781 single-family, 454 in multi-unit buildings)Jun 2024: 2,738 units (1,465 single-family, 1,273 in multi-unit buildings)Jul 2024: 2,502 units (1,620 single-family, 882 in multi-unit buildings)Aug 2024: 3,101 units (1,710 single-family, 1,391 in multi-unit buildings)Sep 2024: 2,820 units (2,027 single-family, 793 in multi-unit buildings)Sep 2024Oct 2024: 2,925 units (1,939 single-family, 986 in multi-unit buildings)Nov 2024: 3,109 units (1,474 single-family, 1,635 in multi-unit buildings)Dec 2024: 1,851 units (1,184 single-family, 667 in multi-unit buildings)Jan 2025: 1,962 units (1,774 single-family, 188 in multi-unit buildings)Feb 2025: 1,776 units (1,547 single-family, 229 in multi-unit buildings)Mar 2025: 2,625 units (1,686 single-family, 939 in multi-unit buildings)Apr 2025: 3,209 units (1,642 single-family, 1,567 in multi-unit buildings)May 2025: 2,820 units (1,623 single-family, 1,197 in multi-unit buildings)Jun 2025: 2,777 units (1,489 single-family, 1,288 in multi-unit buildings)Jul 2025: 2,938 units (1,200 single-family, 1,738 in multi-unit buildings)Aug 2025: 1,345 units (1,140 single-family, 205 in multi-unit buildings)Sep 2025: 1,959 units (1,278 single-family, 681 in multi-unit buildings)Sep 2025Oct 2025: 2,705 units (1,257 single-family, 1,448 in multi-unit buildings)Nov 2025: 2,566 units (1,235 single-family, 1,331 in multi-unit buildings)Dec 2025: 4,226 units (1,575 single-family, 2,651 in multi-unit buildings)Jan 2026: 1,529 units (999 single-family, 530 in multi-unit buildings)Feb 2026: 1,997 units (1,217 single-family, 780 in multi-unit buildings)Mar 2026: 2,556 units (1,539 single-family, 1,017 in multi-unit buildings)Apr 2026: 1,926 units (1,434 single-family, 492 in multi-unit buildings)May 2026: 1,727 units (1,398 single-family, 329 in multi-unit buildings)Jun 2026: 3,332 units (1,568 single-family, 1,764 in multi-unit buildings)Jul 2026: 1,727 units (1,156 single-family, 571 in multi-unit buildings)Aug 2026: 3,076 units (1,029 single-family, 2,047 in multi-unit buildings)

Housing units authorised in Maricopa County by month, latest 60 monthssingle-family2+ unit buildings

Housing units authorised in Maricopa County by year, 1995–2025020,00040,00060,0001995: 27,812 units (27,812 single-family, 0 in multi-unit buildings)19951996: 28,508 units (28,508 single-family, 0 in multi-unit buildings)1997: 30,739 units (30,739 single-family, 0 in multi-unit buildings)1998: 34,325 units (34,325 single-family, 0 in multi-unit buildings)1999: 44,156 units (35,543 single-family, 8,613 in multi-unit buildings)2000: 43,056 units (32,049 single-family, 11,007 in multi-unit buildings)20002001: 42,575 units (33,911 single-family, 8,664 in multi-unit buildings)2002: 43,422 units (35,685 single-family, 7,737 in multi-unit buildings)2003: 47,957 units (40,769 single-family, 7,188 in multi-unit buildings)2004: 54,892 units (47,319 single-family, 7,573 in multi-unit buildings)2005: 50,823 units (42,727 single-family, 8,096 in multi-unit buildings)20052006: 35,728 units (27,812 single-family, 7,916 in multi-unit buildings)2007: 30,969 units (20,183 single-family, 10,786 in multi-unit buildings)2008: 15,513 units (9,643 single-family, 5,870 in multi-unit buildings)2009: 7,090 units (6,416 single-family, 674 in multi-unit buildings)2010: 6,703 units (5,615 single-family, 1,088 in multi-unit buildings)20102011: 8,103 units (6,323 single-family, 1,780 in multi-unit buildings)2012: 14,131 units (10,189 single-family, 3,942 in multi-unit buildings)2013: 16,593 units (10,835 single-family, 5,758 in multi-unit buildings)2014: 18,597 units (9,836 single-family, 8,761 in multi-unit buildings)2015: 20,251 units (14,534 single-family, 5,717 in multi-unit buildings)20152016: 25,856 units (15,890 single-family, 9,966 in multi-unit buildings)2017: 25,731 units (16,996 single-family, 8,735 in multi-unit buildings)2018: 26,724 units (19,069 single-family, 7,655 in multi-unit buildings)2019: 30,779 units (20,075 single-family, 10,704 in multi-unit buildings)2020: 41,895 units (25,526 single-family, 16,369 in multi-unit buildings)20202021: 42,123 units (26,069 single-family, 16,054 in multi-unit buildings)2022: 40,550 units (20,555 single-family, 19,995 in multi-unit buildings)2023: 38,292 units (17,892 single-family, 20,400 in multi-unit buildings)2024: 36,380 units (21,667 single-family, 14,713 in multi-unit buildings)2025: 31,651 units (17,244 single-family, 14,407 in multi-unit buildings)2025

Housing units authorised in Maricopa County by year, 1995–2025single-family2+ unit buildings

Permits, 12 months to August 2026Maricopa CountyArizonaUnited States
Housing units authorised29,32647,2571,418,086
Units per 1,000 residents6.36.24.1
Single-family share53%66%63%
Change on previous 12 months−2.8%−7.4%−0.1%
Units authorised since 1995961,9241,543,59543,082,761

Population is the Census Bureau's vintage 2025 estimate. Permits authorise construction; they are not completions.

ZIP codes in Maricopa County

Ranked by ten-year change in the FHFA ZIP index. Where a ZIP's index ends before 2025, its spans end in that year.

ZIP1 year10 yearsSince 2000Index throughYears
85323+13.1%+235.8%+386.6%202528
85009−1.1%+222.4%+345.1%202540
85363+3.7%+222.2%+300.2%202533
85017+1.7%+207.0%+304.4%202535
85040+1.9%+201.5%+329.1%202531
85033+0.4%+200.3%+313.1%202544
85378+0.1%+197.2%+259.4%202428
85004+12.4%+195.8%+322.5%202225
85035+2.4%+192.9%+300.1%202545
85031−1.2%+192.1%+307.6%202534
85353+1.4%+191.9%+333.1%202534
85041−5.7%+181.9%+309.1%202534
85043+2.7%+180.8%+302.1%202533
85019−2.2%+178.1%+283.6%202540
85335−3.3%+172.7%+272.8%202528
85037+0.6%+166.4%+273.4%202540
85388—+166.4%—202421
85303−1.4%+161.3%+256.6%202539
85008+3.3%+158.4%+347.3%202547
85208+2.6%+157.4%+262.3%202540
85042+0.8%+157.2%+262.6%202540
85201+5.0%+157.0%+292.0%202547
85006+1.1%+155.3%+390.3%202546
85301−5.2%+154.6%+256.6%202540
85326+3.1%+152.8%+258.0%202534
85027+1.3%+152.1%+289.7%202547
85355+9.0%+151.8%+261.8%202539
85051+0.2%+149.6%+255.7%202547
85345+2.1%+147.0%+250.2%202540
85338+3.8%+143.3%+214.7%202534
85354+4.2%+142.9%—202525
85302+3.4%+140.7%+247.7%202549
85361+1.9%+140.7%—202525
85029−2.0%+140.2%+254.9%202549
85257+3.9%+139.4%+358.7%202548
85204−0.4%+139.3%+262.8%202547
85015−0.9%+138.1%+310.5%202540
85209−7.8%+137.7%+208.8%202433
85305+0.7%+136.2%+259.4%202535
85250+5.6%+135.5%+361.6%202549
85233+4.1%+135.0%+257.2%202540
85203+3.1%+134.7%+263.1%202549
85297−6.0%+134.6%—202525
85251+3.5%+134.4%+367.8%202549
85225+2.2%+134.3%+270.7%202543
85340+5.1%+132.0%+260.0%202549
85306−2.0%+131.7%+258.4%202547
85207+3.6%+130.4%+249.1%202541
85304−1.6%+129.3%+243.0%202548
85202−4.2%+128.6%+254.2%202549
85053−1.1%+128.5%+247.5%202548
85032+0.8%+128.2%+285.4%202549
85205−0.1%+128.1%+251.0%202541
85254+4.8%+128.0%+309.4%202550
85016+2.3%+127.6%+332.0%202547
85014−2.7%+127.4%+343.8%202547
85020+3.6%+127.3%+279.9%202549
85307+0.4%+126.2%+223.6%202533
85210−0.1%+125.4%+245.0%202547
85224−0.4%+125.3%+257.2%202547
85379—+124.9%+204.4%202524
85387+2.2%+124.3%+227.0%202528
85013+1.1%+124.1%+325.5%202547
85282+1.8%+124.1%+269.5%202549
85308+2.2%+124.1%+235.3%202548
85339+3.2%+123.8%+230.0%202540
85234−0.2%+123.4%+246.0%202540
85018+4.3%+121.5%+391.8%202549
85226+1.2%+121.2%+247.1%202541
85298+6.3%+120.9%—202525
85206+0.2%+120.2%+224.7%202541
85022+0.3%+119.6%+237.8%202549
85023−1.1%+119.5%+243.8%202549
85024−0.5%+119.0%+238.1%202539
85283+0.6%+118.0%+254.7%202550
85248−12.1%+117.1%+196.1%202541
85296+0.8%+117.1%+237.5%202540
85295−1.8%+116.8%+217.3%202528
85028+0.1%+115.9%+286.4%202550
85392−7.1%+115.7%+180.1%202537
85396−11.2%+115.6%+175.1%202528
85281−1.4%+115.2%+271.5%202547
85021−0.1%+114.7%+259.9%202549
85007−1.1%+113.8%+277.7%202540
85213−1.4%+112.2%+228.4%202549
85087+2.2%+112.1%+197.7%202534
85050−0.2%+111.4%+233.9%202539
85003+5.0%+110.3%+296.7%202540
85259+1.8%+110.3%+233.9%202541
85086+0.4%+109.9%+211.1%202535
85390+3.0%+109.9%+183.1%202534
85374−0.1%+109.8%+183.6%202533
85373−0.1%+109.7%+228.9%202551
85381−2.2%+109.7%+208.4%202540
85212−5.0%+109.2%+216.9%202529
85286−1.8%+108.9%+227.8%202534
85383+1.9%+107.5%+205.1%202540
85351−8.5%+107.3%+203.2%202548
85215−3.1%+107.1%+215.7%202539
85260+0.2%+106.5%+249.6%202549
85249+3.9%+104.6%+207.3%202534
85377+2.0%+104.1%+165.6%202338
85083+6.3%+103.9%—202524
85382−1.5%+103.8%+201.2%202542
85054+22.8%+101.9%+141.9%202120
85258−5.4%+101.3%+248.2%202548
85085+5.6%+101.2%+190.1%202528
85044+0.5%+99.2%+216.8%202549
85331−1.5%+98.8%+214.1%202541
85012+2.9%+98.6%+244.9%202540
85255—+94.6%+208.1%202435
85375−4.6%+94.3%+156.4%202547
85284−0.3%+93.7%+212.3%202546
85268+0.3%+93.2%+191.2%202547
85310−1.8%+90.6%+194.5%202540
85266−3.5%+88.5%+180.5%202534
85045+21.5%+88.3%+114.0%202128
85395+19.4%+85.4%+161.0%202431
85048−2.4%+84.8%+181.8%202539
85262−0.8%+82.6%+160.6%202533
85263−4.1%+67.6%+120.7%202534
85253−3.1%+64.0%+134.5%202245

Cities and permit-issuing places in Maricopa County

Housing units authorised in the 12 months to August 2026; places with at least 12 units in the year, or in the year before.

PlaceUnits, 12 monthsPer 1,000 residentsSingle-family
Phoenix10,3656.228%
Surprise2,84416.282%
Buckeye2,49019.898%
Goodyear2,16117.259%
Mesa1,9633.841%
Scottsdale1,5836.527%
Queen Creek town1,57717.696%
Maricopa County Unincorporated Area1,442—100%
Peoria1,2926.459%
Tempe1,2516.66%
Avondale6236.2100%
Gilbert town5081.844%
Glendale4331.7100%
Chandler2640.950%
Youngtown town25936.822%
Wickenburg town8310.0100%
Fountain Hills town733.167%
Paradise Valley town675.5100%
Cave Creek town224.3100%
Carefree town164.4100%

Questions and answers

How much have home values in Maricopa County risen over 10 years?

The FHFA index for Maricopa County rose +125.3% from 2015 to 2025, about +8.5% a year. Over 20 years: +102.7%; since 2000: +252.7%.

How does Maricopa County compare with Arizona and the United States?

Over the ten years to 2025: Maricopa County +125.3%, Arizona +118.7%, United States +85.0%, Phoenix-Mesa-Chandler, AZ +125.6%.

What happened to Maricopa County prices in 2008?

The index peaked in 2006 and fell −50.1% to 2011; it passed the peak again in 2019. The state index fell −45.2% over 2006–2011.

How many homes are being built in Maricopa County?

29,326 housing units were authorised by building permits in the 12 months to August 2026 (15,685 single-family, 12,717 in buildings of five or more units), or 6.3 per 1,000 residents against 6.2 for Arizona.

Where does this data come from?

The index is FHFA's annual county house price index (all-transactions, developmental), last updated March 31, 2026, with values through 2025. Permits are from the Census Bureau Building Permits Survey through August 2026; population is the Census Bureau's vintage 2025 estimate.

Provenance

Index: Federal Housing Finance Agency, annual house price index for counties (all-transactions, developmental), last updated March 31, 2026, values 1975–2025; metro, state and national comparisons from FHFA's annual indexes in the same release. Permits: Census Bureau Building Permits Survey, county and place files, through August 2026. Population: Census Bureau vintage 2025 estimates. ZIP assignment: 2020 ZCTA-to-county relationship file. Public domain throughout. Corrections · FHFA HPI datasets · Building Permits Survey.