Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 2,212, 1,075 total housing units (homes and apartments), and a median house value of $169,364, house prices in Phoenix are solidly below the national average.
Single-family detached homes are the single most common housing type in Phoenix, accounting for 52.82% of the village's housing units. Other types of housing that are prevalent in Phoenix include duplexes, homes converted to apartments or other small apartment buildings ( 27.66%), large apartment complexes or high rise apartments ( 17.61%), and a few row houses and other attached homes ( 1.91%).
People in Phoenix primarily live in small (one, two or no bedroom) single-family detached homes. Phoenix has a mixture of owner-occupied and renter-occupied housing.
The housing in Phoenix was primarily built before 1939 ( 52.91%), making the housing stock in Phoenix some of the oldest overall in America, although there is a range of ages of homes in Phoenix. The next most important housing age is between 1970-1999 ( 23.51%), followed by between 1940-1969 ( 22.92%).
Vacant housing appears to be an issue in Phoenix. Fully 10.71% of the housing stock is classified as vacant. Left unchecked, vacant Phoenix homes and apartments can be a drag on the real estate market, holding Phoenix real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Phoenix's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.41% during the period.
NeighborhoodScout's data show that during the latest twelve months, Phoenix's appreciation rate, at 9.00%, has been at or slightly above the national average. In the latest quarter, Phoenix's appreciation rate has been 1.82%, which annualizes to a rate of 7.50%.
Relative to New York, our data show that Phoenix's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.
$169,364
for New york
for nation
1,075
$1,405 / per month