appreciation market

Phoenix-Mesa-Chandler, AZ market brief

This market needs tighter basis and assumption control before it earns deeper attention. In the latest Zillow Research data, home values have softened while rents have cooled.

Analyze a property in this marketRun market scanner

Snapshot metrics

  • Rating: 23/100 (estimated · 2026-02-28)
  • Home value: $446,248 (verified · 2026-02-28)
  • 1-year value: -2.4% (verified · 2026-02-28)
  • Average rent: $1,724 (verified · 2026-02-28)
  • 1-year rent: -0.7% (verified · 2026-02-28)
  • Rent-to-value: 4.64% (estimated · 2026-02-28)

What this means for underwriting

Phoenix-Mesa-Chandler, AZ is a appreciation lean screening market. The public data suggests where to investigate next, but it is still a market-level brief rather than a substitute for address-level underwriting.

  • Use the market score as a screening shortcut, not a final recommendation.
  • Let the county overlays narrow your search, then verify rents, taxes, and insurance at the address level.
  • Do not turn Zillow market averages into cap-rate claims without real expense assumptions.

Verify before you buy

Best for investors who care more about durable demand and basis discipline than easy citywide cash flow.

  • Validate listing-level rent comps before trusting the market average.
  • Run financing and reserve assumptions with enough margin to survive a worse-than-average deal.
  • Check whether the chosen county is outperforming or lagging the broader market before you bid.

How this page is built

  • Numeric market metrics are pulled from Zillow Research metro files at build time, not copied by hand.
  • County overlays use Zillow Research county files plus Census TIGERweb county polygons so the highlighted areas map to real boundaries.
  • The overall market score is a transparent screening heuristic built from rent-to-value, 1-year rent trend, and price-vs-rent pressure.
  • Unsupported metrics such as days-to-pending are intentionally removed instead of scraped or inferred.