Arizona’s Home Values and Mortgage Balances Over 5 Years

Avg home value in 2025: ~$430K
Change: ↑ 50% from ~$287K in 2020
Avg mortgage balance in 2025: ~$275K
Change: ↑ 32% from ~$209K in 2020
US national 5-yr growth:
• Home value: ↑ 40%
• Mortgage balance: ↑ 24%