How much house does $500,000 buy you in Phoenix?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still , affordability keeps dropping, and are becoming harder to find as home values . This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Phoenix?
To find out, found listings near the $500,000 mark to see what types of homes you can actually afford in Phoenix right now. Listings below $500,000 were included if necessary.
704 W 11Th St, Casa Grande, AZ 85122
- Price: $500,000
- 6 bedrooms, 3 bathrooms
- Square feet: 2,250
- See 704 W 11Th St, Casa Grande, AZ 85122 on
10328 W Carlota Ln, Peoria, AZ 85383
- Price: $500,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,537
- See 10328 W Carlota Ln, Peoria, AZ 85383 on
4373 E Gallop Trl, San Tan Valley, AZ 85140
- Price: $500,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,342
- See 4373 E Gallop Trl, San Tan Valley, AZ 85140 on
7436 E Hannibal St, Mesa, AZ 85207
- Price: $500,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,184
- See 7436 E Hannibal St, Mesa, AZ 85207 on
4901 W Augusta Cir, Glendale, AZ 85308
- Price: $500,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,180
- See 4901 W Augusta Cir, Glendale, AZ 85308 on
25583 S 224Th Pl, Queen Creek, AZ 85142
- Price: $500,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,933
- See 25583 S 224Th Pl, Queen Creek, AZ 85142 on
323 N Hunt Dr E, Mesa, AZ 85203
- Price: $500,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,842
- See 323 N Hunt Dr E, Mesa, AZ 85203 on
12209 W Washington St, Avondale, AZ 85323
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,340
- See 12209 W Washington St, Avondale, AZ 85323 on
20823 N Evergreen Dr, Maricopa, AZ 85138
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,325
- See 20823 N Evergreen Dr, Maricopa, AZ 85138 on
14545 W Jenan Dr, Surprise, AZ 85379
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,291
- See 14545 W Jenan Dr, Surprise, AZ 85379 on
1248 E Muriel Dr, Phoenix, AZ 85022
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,242
- See 1248 E Muriel Dr, Phoenix, AZ 85022 on
10035 E Trent Ave, Mesa, AZ 85212
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,039
- See 10035 E Trent Ave, Mesa, AZ 85212 on
4338 E Brookwood Ct, Phoenix, AZ 85048
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,863
- See 4338 E Brookwood Ct, Phoenix, AZ 85048 on
3428 E Renee Dr, Phoenix, AZ 85050
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,766
- See 3428 E Renee Dr, Phoenix, AZ 85050 on
9185 W Clara Ln, Peoria, AZ 85382
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,173
- See 9185 W Clara Ln, Peoria, AZ 85382 on
18254 W Via Montoya Dr, Surprise, AZ 85387
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,988
- See 18254 W Via Montoya Dr, Surprise, AZ 85387 on
13695 W Jesse Red Dr, Peoria, AZ 85383
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,874
- See 13695 W Jesse Red Dr, Peoria, AZ 85383 on
2116 E Colgate Dr, Tempe, AZ 85283
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,792
- See 2116 E Colgate Dr, Tempe, AZ 85283 on
1690 W Gunstock Loop, Chandler, AZ 85286
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,647
- See 1690 W Gunstock Loop, Chandler, AZ 85286 on
4619 W Orchid Ln, Chandler, AZ 85226
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,400
- See 4619 W Orchid Ln, Chandler, AZ 85226 on
2531 N 15Th St, Phoenix, AZ 85006
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,234
- See 2531 N 15Th St, Phoenix, AZ 85006 on
33575 N Dove Lakes Dr, Cave Creek, AZ 85331
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,702
- See 33575 N Dove Lakes Dr, Cave Creek, AZ 85331 on
20393 W Hillcrest Blvd, Buckeye, AZ 85396
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,657
- See 20393 W Hillcrest Blvd, Buckeye, AZ 85396 on
26268 W Louise Dr, Buckeye, AZ 85396
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,612
- See 26268 W Louise Dr, Buckeye, AZ 85396 on
3935 E Rough Rider Rd, Phoenix, AZ 85050
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,589
- See 3935 E Rough Rider Rd, Phoenix, AZ 85050 on
2511 W Queen Creek Rd, Chandler, AZ 85248
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,346
- See 2511 W Queen Creek Rd, Chandler, AZ 85248 on
2511 W Queen Creek Rd, Chandler, AZ 85248
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,346
- See 2511 W Queen Creek Rd, Chandler, AZ 85248 on
9061 E Evans Dr, Scottsdale, AZ 85260
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,100
- See 9061 E Evans Dr, Scottsdale, AZ 85260 on
7009 E Acoma Dr, Scottsdale, AZ 85254
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 972
- See 7009 E Acoma Dr, Scottsdale, AZ 85254 on
