Home ValuePros

US housing market report · August 2026

The state of the Arizona housing market.

Median home value and city-by-city trends across Arizona, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.

Arizona median value

$389K

Zillow ZHVI, August 2026

Cities covered

24

with published pages

Report video

Monthly

per city, on each hub

12-month outlook · data through August 2026

Where are Arizona home values headed?

Current typical value

$388,803

Zillow ZHVI median, August 2026

Past 12 months

-0.5%

change in the median

12 months out

$388,000

if the recent trend continues

Trend projection from the past 12 months, not a prediction. Actual values depend on mortgage rates, inventory, and local conditions.

Where values are climbing

Fastest appreciating Arizona cities

  1. 1Paradise Valley
    $3.28MUp11.8%
  2. 2Scottsdale
    $881KUp4.6%
  3. 3Casa Grande
    $344KUp2.5%
  4. 4Bullhead City
    $336KUp1.5%
  5. 5Sierra Vista
    $317KUp0.4%
  6. 6Yuma
    $304KUp0.3%
  7. 7Congress
    $345KUp0.3%
  8. 8Lake Havasu City
    $489KUp0.3%
  9. 9Flagstaff
    $665KUp0.2%
  10. 10Gilbert
    $548KUp0.1%

Where the market is cooling

Fastest cooling Arizona cities

  1. 1Maricopa
    $338KDown3.6%
  2. 2San Tan Valley
    $401KDown2.1%
  3. 3Glendale
    $400KDown1.9%
  4. 4Vail
    $404KDown1.9%
  5. 5Phoenix
    $412KDown1.8%
  6. 6Chandler
    $522KDown1.4%
  7. 7Surprise
    $420KDown1.4%
  8. 8Bisbee
    $228KDown1.2%
  9. 9Tucson
    $334KDown0.9%
  10. 10Queen Creek
    $584KDown0.4%

Priciest markets in the state

Most expensive Arizona cities by median value

  1. 1Paradise Valley
    $3.28M
  2. 2Sedona
    $885K
  3. 3Scottsdale
    $881K
  4. 4Flagstaff
    $665K
  5. 5Queen Creek
    $584K
  6. 6Prescott
    $577K
  7. 7Gilbert
    $548K
  8. 8Chandler
    $522K
  9. 9Lake Havasu City
    $489K
  10. 10Tempe
    $454K

Common questions

What people ask us.

Methodology & attribution

Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in Arizona, as of August 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the Arizona market index.