Arizona home appreciation calculator
See how a home's value could change over time using real Arizona price history from the FHFA House Price Index, or a rate you choose.
How much have Arizona home prices gone up?
Quick answer: According to the FHFA House Price Index (All-Transactions), Arizona home prices changed by an average of 8.01% a year over the 10 years and 2.85% a year over the 20 years through 2026 Q2; the latest 1-year change was 0.93%. Past performance doesn't guarantee future results, and values can fall.
Source: U.S. Federal Housing Finance Agency, FHFA House Price Index, data through 2026 Q2 (released August 25, 2026). Last updated .
How Arizona home prices have changed
| Area | 1 yr | 5 yr | 10 yr | 20 yr |
|---|---|---|---|---|
| Phoenix-Mesa-Chandler metro | 0.85% | 6.32% | 8.18% | 2.98% |
| Tucson metro | 1.88% | 6.88% | 7.71% | 2.40% |
| Arizona (statewide) | 0.93% | 6.38% | 8.01% | 2.85% |
Source: U.S. Federal Housing Finance Agency, FHFA House Price Index® datasets, All-Transactions Index (quarterly, not seasonally adjusted), data through 2026 Q2, released August 25, 2026; downloaded September 26, 2026. Average annual change is the compound yearly rate between the same quarter N years apart, calculated by us from FHFA's index values. The index tracks repeat sales and refinance appraisals of the same single-family homes; it's an area-wide measure, not the value of any specific home.
Periods: 1-year: Q2 2025 to Q2 2026, 5-year: Q2 2021 to Q2 2026, 10-year: Q2 2016 to Q2 2026, 20-year: Q2 2006 to Q2 2026. The 20-year window starts near the 2006 peak, before the 2007–2011 price drop, which pulls that average down; the 10-year window starts during the recovery. That's why the averages differ so much.
After 10 years
Year-by-year table
| Year | Projected value | Change that year | Total change |
|---|
Opens a third-party home search site. Payments shown there are estimates to help you search, not a loan offer or rate quote. Your actual payment depends on price, down payment, credit, taxes, insurance, HOA, and loan program.
Estimates for illustration only. Results are based entirely on the numbers you enter. They aren't a loan offer, rate quote, pre-qualification, or approval, and they aren't a prediction or promise of future home values. Past performance doesn't guarantee future results; home values can go down as well as up.
How to read this
The calculator compounds one steady yearly rate: value = price × (1 + rate)years. Real prices don't move in a straight line. Arizona prices fell sharply after 2006 and rose quickly after 2020. A single average smooths all of that out, so treat the result as one scenario, not a forecast. Try a few rates, including a lower or negative one, to see a range.
Wondering whether to buy now or later? Try the cost of waiting calculator or compare renting vs. owning.
Opens a third-party home search site. Payments shown there are estimates to help you search, not a loan offer or rate quote. Your actual payment depends on price, down payment, credit, taxes, insurance, HOA, and loan program.
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Sources
- U.S. Federal Housing Finance Agency, FHFA House Price Index datasets (All-Transactions Index, data through 2026 Q2, released August 25, 2026; downloaded September 26, 2026)
Frequently asked questions
How much have Phoenix-area home prices gone up?
According to the FHFA House Price Index (All-Transactions), prices in the Phoenix-Mesa-Chandler metro changed by an average of 6.32% a year over the 5 years through 2026 Q2, 8.18% a year over 10 years, and 2.98% a year over 20 years. The 1-year change was 0.85%.
How much have Tucson home prices gone up?
FHFA's index shows the Tucson metro averaging 6.88% a year over 5 years, 7.71% over 10 years, and 2.40% over 20 years through 2026 Q2, with a 1-year change of 1.88%.
What is the average home appreciation rate in Arizona?
Statewide, the FHFA All-Transactions index averaged 2.85% a year over 20 years and 8.01% a year over 10 years through 2026 Q2. The period you pick matters a lot, and past performance doesn't guarantee future results.
Why is the 20-year average so much lower than the 10-year average?
The 20-year window starts near the 2006 housing peak and includes the 2007–2011 price drop. The 10-year window starts during the recovery and includes the fast gains after 2020.
Will my home go up in value?
No one can promise that. Home values can rise or fall. This calculator shows what would happen at a steady rate you choose, for illustration only.