Counties / Arizona / Maricopa County

Maricopa County, AZ

FIPS 04013 · population 4,559,748 · part of Phoenix, AZ

$461k
Zillow home value · 2026-06
Direct county rent answer

What does rent cost in Maricopa County, AZ?

The latest county-level Zillow ZORI is $1,729 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.

County Zillow ZORI$1,7292026-06 · down 0.1% year over year
County ACS gross rent$1,708ACS 2024 5-year · occupied-renter survey
HUD two-bedroom FMR$1,839FY2026 · administrative standard
HUD Fair Market Rent by bedroom count in Maricopa County
BedroomsHUD monthly FMRGeographyMeasurement boundary
Studio$1,457Maricopa County, AZHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
1 bedroom$1,583Maricopa County, AZHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
2 bedrooms$1,839Maricopa County, AZHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
3 bedrooms$2,452Maricopa County, AZHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
4 bedrooms$2,720Maricopa County, AZHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.

Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26

The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$461k
▼ 1.5% year over year
Zillow ZHVI · direct
Median asking rent
$1,729
▼ 0.1% year over year
Zillow ZORI · direct
Gross yield
4.5%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,839
market rent is 0.94x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

The annual signals disagree
FHFA five-year cumulative+56.1%not annualized · through 2025
0%ZILLOW ZHVI2026-06−1.5%FHFA HPI2025+0.7%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-08-02.
Owner-reported value$453k
Surveyed gross rent$1,708
Rent burden 30%+52.6%
Median year built1993
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
8.2%vacant
1,884,334estimated housing units
Occupied tenure34.8% renter
owner 65.2%renter 34.8%
Structure mix69.8% single-family
Single-family 69.8%20+ units 11.8%Mobile home 4.6%Other 13.8%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs2,286,524▲ 0.3% from the prior annual release
Covered establishments141,326annual average reporting locations
Average weekly wage$1,468▲ 3.4% from the prior annual release
Largest private supersectorTrade, transportation, and utilities21.8% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+0.3%WEEKLY WAGE+3.4%Trade, transportation, and utilities21.8%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

Resident income

How local income has compounded

BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.

Per-capita personal income19692024
Per-capita personal income history for Maricopa CountyA line chart of annual BEA per-capita personal income from 1969 through 2024.$0k$40k$80k196919972024$4k$72k
Nominal annual dollars; not adjusted for inflation. A rising line can reflect wage, business-income, transfer-income and investment-income changes together.
Renter affordability

Who carries the heaviest rent burden

HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.

Share of renter households in each income band2018-2022
Renter cost burden by HAMFI income band in Maricopa CountyFive horizontal bars show moderate and severe housing cost burden shares among renter households in each HUD income band.0%25%50%75%100%At or below 30% HAMFI99,60577.6% burdened30–50% HAMFI86,32086.0% burdened50–80% HAMFI133,73561.0% burdened80–100% HAMFI72,10529.2% burdenedAbove 100% HAMFI202,7406.9% burdened
Moderate: >30% to 50%Severe: >50%
Each percentage uses HUD’s published subtotal for that income band. For disclosure, HUD keeps 0 as 0, publishes 1–7 households as 4 and rounds 8 or more to the nearest 5. Independently rounded categories can differ from their displayed sum and are not forced into a percentage.
Direct local rental evidence

Recent leases and rental-market liquidity in Maricopa County, AZ

These Apartment List observations match the exact county Census code 04013. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.

Direct recent-lease rent history

Monthly overall-rent index; missing observations are not filled from another geography.

$1,570$1,459$1,3472021-082026-07
Recent-lease rent$1,3522026-07 · -3.2% year over year
Rental vacancy8.1%2026-07 · -0.1 percentage points year over year
Time on market33 days2026-07 · +2.3 days year over year
County brief

What the local evidence says

01Decision frame

Maricopa County’s underwriting tension is a middling income case against conflicting price signals. Zillow’s 2026-06 county median home value was $461,315, down 1.51% year over year, while median asking rent was $1,729; the supplied gross yield is 4.5% before costs. This merits investigation by an investor seeking current income who can verify property-level expenses, but caution for anyone underwriting appreciation or treating county evidence as a proxy for every Phoenix-area asset.

02Housing economics

Measured rent must stay separate from HUD: the two-bedroom FMR was $1,839, a payment standard rather than an asking-rent estimate. The 0.44% effective property-tax rate and $1,983 median annual tax reduce the gross-yield cushion before insurance, repairs, vacancy, management, and financing. FHFA’s annual 2025 repeat-transaction HPI rose 0.65%; it is an appreciation index, not a home value, and its vintage and method must not be averaged with Zillow’s observation. Realtor.com’s 2026-06 median listing price fell 6.07% annually, while 28.89% of listings had price reductions. Those are MLS asking-market signals, not closed-sale proof; they point to negotiation risk rather than establish buyer demand.

03Demand & competition

Demand evidence is constructive but bounded. Net migration was positive, and inbound movers had higher average AGI than outbound movers, supporting investigation of tenant depth without proving persistence. QCEW’s 2025 covered employment grew 0.26% and average weekly wages rose 3.38%; these are workplace-based annual covered-job and covered-worker measures, not resident employment, unemployment, a forecast, or the Phoenix metro series. Investors represented 3,751 of 54,311 purchase mortgages, or 6.91%: participation is visible, but the minority share does not establish intense buyer competition.

04Risk & next checks

Inland flood is the key risk limit. The modeled annual climate-loss ratio is 0.16% of building value, but that is not a parcel-specific repair bill or insurance quote. Next checks should include the subject’s flood zone and drainage, insurance availability and deductibles, leases and rent roll, operating expenses, vacancy, maintenance, financing, and closed-sale comparables. The record lacks those property-level facts; therefore it cannot convert gross yield into net return, validate the asking-rent assumption for the subject, or confirm that county price evidence fits the asset.

County ZIP rental landscape

How asking rent and renter pressure vary inside Maricopa County, AZ

This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.

Selected ZIP range$1,140$2,020Zillow asking-rent index
Monthly spread$880highest minus lowest selected ZIP
Observed burden range39.4%56.8%ACS renter households paying 30%+
Renter households covered152,970across the selected ZCTAs
01 · ASKING RENT LADDERDirect ZIP ZORI
Horizontal bars compare Zillow asking-rent indexes across the selected direct-evidence ZIP set.85251$2,02085225$1,77985281$1,68785032$1,63985282$1,58485204$1,43085008$1,41885022$1,38485201$1,32685015$1,24785021$1,22085301$1,140
02 · PRESSURE MATRIXRent × observed burden
Each point is one selected ZIP and ZCTA match. Horizontal position is Zillow asking rent and vertical position is the ACS renter cost-burden share.59.3%53.7%48.1%42.5%36.9%852818500885301852018528285032850228525185225850158502185204Zillow asking-rent index →ACS burden share →
03 · BENCHMARK GAPZORI vs HUD 2BR
Bars show the percentage difference between the Zillow blended asking-rent index and the local HUD two-bedroom standard. Their housing universes differ.85032+93.7%85225+93.1%85251+91.8%85008+86.5%85204+84.1%85281+83.9%85015+79.9%85201+79.4%85282+78.8%85021+76.7%85301+73.5%85022+69.9%
WHAT THE LOCAL DISTRIBUTION SAYS

Among the 12 selected ZIP/ZCTA matches, June 2026 Zillow ZORI—the typical observed asking-rent index—runs from $1,140 to $2,020. Its selected-set median is $1,424, producing an $880 spread, while the Maricopa County ZORI is $1,729. That dispersion makes the practical renter question a trade-off rather than a search for one county figure: does a candidate unit meet the household's budget and bedroom need while offering acceptable current availability? The selected matches were ordered by renter households, so their range is a focused direct-evidence screen, not an estimate of every county ZIP or a ranking of locations.

Keep the three rent measures on separate tracks. Zillow ZORI is a current typical observed asking-rent index. ACS 2024 five-year ZCTA median gross rent, a survey estimate of rents paid, ranges from $1,287 to $1,867 in the selected set; the county ACS figure is $1,708. FY2026 HUD two-bedroom FMR, an administrative standard rather than an asking rent, ranges from $1,550 to $2,200, versus $1,839 countywide. These series have different timing, unit concepts, and purposes. They can frame separate questions—market asking conditions, reported household rent, and program-standard comparison—but should not be averaged or converted into a single rent level.

Affordability and availability indicators further complicate simple low-to-high rent sorting. County ACS reports 52.6% of renter households paying 30% or more of income toward gross rent and an 8.2% vacancy rate. Across the selected ZCTAs, the burden share ranges from 39.4% to 56.8%, while survey vacancy ranges from 4.3% to 16.8%. ZIP 85251 pairs the selected set's $2,020 ZORI with 16.8% vacancy and a 39.4% burden share; elsewhere, a $1,384 index coincides with a 56.8% burden share. This descriptive contrast does not establish a relationship. Vacancy is not active-listing inventory, a concession measure, or proof of easier approval; use it with burden to identify questions for a current unit search.

The mapping and selection impose real limits. All shown matches have a 100% primary-county residential-address share, but ZIPs can cross county lines and display assignment follows the largest HUD residential-address share. The 12 shown matches are drawn from 110 eligible direct-evidence matches and cover 152,970 renter households; they are not a countywide inventory. Census ZCTAs are statistical areas, not USPS delivery ZIPs. Before acting on a property, confirm the active listing's rent and availability date, bedroom count, lease term, utilities and recurring fees, deposits, income and credit requirements, and the unit-specific terms used for any program or affordability comparison.

Selected ZIP evidence

Keep each source universe visible

110 ZIP profiles passed the county gate; the 12 with the most renter households are shown.

ZIP / ZCTAZillow asking rentACS gross rentHUD 2BRBurden 30%+VacancyIncome screenHUD county share
85281$1,687$1,677$2,01048.7%13.7%$67k100.0%
85008$1,418$1,403$1,64043.2%7.9%$57k100.0%
85301$1,140$1,324$1,55055.9%6.8%$46k100.0%
85201$1,326$1,445$1,67048.2%8.9%$53k100.0%
85282$1,584$1,745$2,01054.6%7.9%$63k100.0%
85032$1,639$1,609$1,75044.9%5.1%$66k100.0%
85022$1,384$1,623$1,98056.8%5.9%$55k100.0%
85251$2,020$1,867$2,20039.4%16.8%$81k100.0%
85225$1,779$1,738$1,91044.2%4.3%$71k100.0%
85015$1,247$1,287$1,56055.3%10.1%$50k100.0%
85021$1,220$1,313$1,59052.9%7.2%$49k100.0%
85204$1,430$1,566$1,70053.0%5.0%$57k100.0%
READ BEFORE USING

Zillow ZORI is a typical observed asking-rent index; ACS figures are 2024 five-year ZCTA survey estimates, and HUD FMR is a FY2026 administrative two-bedroom standard; differences in time, coverage, and construction make them non-interchangeable.

ZCTAs are statistical constructs rather than USPS delivery ZIPs. The 12 shown matches are a non-exhaustive selection from eligible direct-evidence matches; ZIP-to-county display assignment follows the largest HUD residential-address share and does not establish an exclusive county geography.

SOURCE LEDGERCensus ACS 5-year — county housing value, tenure and stockACS 2024 5-year · pulled 2026-07-30Census ACS five-year — ZCTA housing and incomeACS 2024 5-year ZCTA · pulled 2026-08-08HUD Fair Market Rents — Section 8 standardFY2026 FMR · pulled 2026-07-26HUD-USPS ZIP-to-county residential-address crosswalkHUD-USPS 2026Q1 · pulled 2026-08-09Zillow ZHVI and ZORI — county values and rentscounty ZHVI/ZORI 2026-06 · pulled 2026-07-26Zillow ZORI — ZIP market rentsZORI ZIP 2026-06 · pulled 2026-08-08
Cities & communities

Where people live within Maricopa County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Phoenix city1.6MMesa city511.8KGilbert town280.3KChandler city280.1KGlendale city252.8KScottsdale city243.8KPeoria city*196.9KTempe city188.1K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

45 Census places

Population
  1. 01
    Phoenix cityIncorporated place
    1,642,323
  2. 02
    Mesa cityIncorporated place
    511,764
  3. 03
    Gilbert townIncorporated place
    280,262
  4. 04
    Chandler cityIncorporated place
    280,136
  5. 05
    Glendale cityIncorporated place
    252,833
  6. 06
    Scottsdale cityIncorporated place
    243,821
  7. 07
    Peoria cityIncorporated place · spans 2 counties
    196,906
  8. 08
    Tempe cityIncorporated place
    188,065
  9. 09
    Surprise cityIncorporated place
    154,948
  10. 10
    Goodyear cityIncorporated place
    107,645
  11. 11
    Buckeye cityIncorporated place
    104,923
  12. 12
    Avondale cityIncorporated place
    92,477
Show 33 more places
  1. 13
    Queen Creek townIncorporated place · spans 2 counties
    71,867
  2. 14
    Apache Junction cityIncorporated place · spans 2 counties
    41,058
  3. 15
    Sun City CDPCensus-designated place
    37,486
  4. 16
    El Mirage cityIncorporated place
    36,088
  5. 17
    Sun City West CDPCensus-designated place
    27,425
  6. 18
    Fountain Hills townIncorporated place
    23,789
  7. 19
    Anthem CDPCensus-designated place
    22,584
  8. 20
    New River CDPCensus-designated place
    18,240
  9. 21
    Sun Lakes CDPCensus-designated place
    13,924
  10. 22
    Paradise Valley townIncorporated place
    12,611
  11. 23
    Wickenburg townIncorporated place · spans 2 counties
    8,059
  12. 24
    Tolleson cityIncorporated place
    7,668
  13. 25
    Youngtown townIncorporated place
    7,015
  14. 26
    Litchfield Park cityIncorporated place
    6,916
  15. 27
    Guadalupe townIncorporated place
    5,272
  16. 28
    Citrus Park CDPCensus-designated place
    5,115
  17. 29
    Cave Creek townIncorporated place
    5,091
  18. 30
    Carefree townIncorporated place
    3,683
  19. 31
    Rio Verde CDPCensus-designated place
    2,261
  20. 32
    Gila Bend townIncorporated place
    1,363
  21. 33
    Circle City CDPCensus-designated place
    1,089
  22. 34
    Maricopa Colony CDPCensus-designated place
    836
  23. 35
    Gila Crossing CDPCensus-designated place
    830
  24. 36
    Komatke CDPCensus-designated place
    809
  25. 37
    St. Johns CDPCensus-designated place
    631
  26. 38
    Wittmann CDPCensus-designated place
    631
  27. 39
    Aguila CDPCensus-designated place
    284
  28. 40
    Wintersburg CDPCensus-designated place
    152
  29. 41
    Morristown CDPCensus-designated place
    138
  30. 42
    Arlington CDPCensus-designated place
    37
  31. 43
    Theba CDPCensus-designated place
    7
  32. 44
    Kaka CDPCensus-designated place
    0
  33. 45
    Tonopah CDPCensus-designated place
    0

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.158% of building value expected lost per year

Effective property tax0.44%

$1,983 median annual bill

02
DemandIRS SOI household flows
Net migration+5,607

91,115 in · 85,508 out

Arriving vs leaving income+$10,481

$88,570 arriving · $78,089 leaving

03
CompetitionHMDA financed purchases
Purchases by investors6.9%

3,751 of 54,311 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings16,056▼ 3.4% year over year
Median days on market64▼ 0.8% year over year
Listings price-reduced28.9%seller-concession signal
Median listing pricen/a▼ 6.1% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Phoenix, AZ

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Maricopa County4,559,748$461k$1,7294.5%inland flooding
Pinal County469,006$364k$1,8396.1%inland flooding
Bear case

What can break the county thesis

  1. Inland-flood exposure or insurance terms at the subject could make the county-level modeled loss ratio understate actual carrying risk.
  2. Vacancy, repairs, management, financing, or taxes could reduce the supplied gross yield enough to break the income thesis.
  3. Asking-price evidence and price reductions may not translate to a financeable closed-sale basis or subject-level rent.
Underwriting questions

Before pricing a property

Is the rent figure market rent or HUD FMR?

Market rent is published as median asking rent; HUD FMR is a separate two-bedroom payment standard, so it is not used as market rent.

What does the employment evidence establish?

QCEW reports annual average covered jobs located in Maricopa County and average wages for covered workers; it is not resident employment, unemployment, a forecast, or the metro series.

What must be verified before relying on the yield?

The record lacks property-specific insurance, flood-zone and drainage, leases, vacancy, maintenance, financing, and closed-sale evidence, so net return and subject fit remain unconfirmed.