Phoenix, Tucson Show Steady Progress in Housing Affordability

When it comes to housing affordability, both Phoenix-Mesa-Chandler and Tucson land right in the middle of the pack nationally. For those following the numbers, Phoenix-Mesa-Chandler comes in at No. 40, with a median home price of $507,246. Southern California markets, meanwhile, sit at the bottom—Los Angeles ranked last in the nation. Having spent decades guiding clients through Arizona’s real estate ups and downs, I’ve seen how these rankings play out on the ground. Mid-range affordability means buyers and sellers need to be strategic, especially in markets as dynamic as ours. Knowing the nuances of Scottsdale and the greater Phoenix area has taught me that even a 'middling' market presents opportunities—if you know where to look.