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Is it cheaper to rent or buy in Phoenix?

Phoenix snapshot

May 2026
Median listing
$498K
YoY -0.1%
Active inventory
19,514
YoY -0.0%
Median DOM
60
YoY +0.0%
Pending ratio
0.41
YoY -0.0%
Price-reduced
28.2%
YoY -0.0%
P

Primpted Housing Analyst

Data-backed

Primpted research desk

There is no rental data to determine if it is cheaper to rent or buy. However, home prices have recently gone down in Phoenix-Mesa-Chandler, AZ.

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