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That places it fourth behind only Nevada, Utah and Idaho.
Research fromATTOMfound the median house price in Arizona was $432,084 as of November 22, 2024.
Thats well above the national median of $370,000 as of September 2024.
Those numbers align with a GOBankingRates look into typical home and rent prices in some of Arizonas biggest cities.
In each of these cities, its much cheaper on average to rent a home than to buy one.
One obvious conclusion is that a lot more people want to own a home than rent one in Arizona.
Thats the case in much of the United States.
