Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos, and CO-OPs in Arizona
AZUCSFRCONDOSMSAMID • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
426,163.60
Year-over-Year Change
-3.00%
Date Range
1/1/2000 - 7/1/2025
Summary
The Zillow Home Value Index (ZHVI) for Arizona tracks the median value of all homes, including single-family residences, condos, and co-ops in the state. It provides a comprehensive view of the Arizona housing market and is a key indicator for real estate analysts and policymakers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The ZHVI for Arizona represents the median estimated home value for all residential properties in the state, regardless of whether they are owner-occupied or rented. It serves as a broad-based measure of home price appreciation and is used to assess overall housing affordability and market trends.
Methodology
The index is calculated based on Zillow's proprietary home valuation model, which analyzes millions of property records and listings.
Historical Context
The ZHVI for Arizona is closely monitored by real estate investors, developers, and policymakers to understand housing market dynamics and inform investment and policy decisions.
Key Facts
- The ZHVI for Arizona reached a record high in 2022.
- Home values in Arizona have risen over 50% in the past 5 years.
- Rapid population growth has contributed to the state's housing market boom.
FAQs
Q: What does this economic trend measure?
A: The Zillow Home Value Index for Arizona measures the median estimated value of all residential properties, including single-family homes, condos, and co-ops, in the state.
Q: Why is this trend relevant for users or analysts?
A: The ZHVI for Arizona is a key indicator of housing market conditions and affordability, which is crucial for real estate investors, developers, and policymakers to understand.
Q: How is this data collected or calculated?
A: The index is calculated based on Zillow's proprietary home valuation model, which analyzes millions of property records and listings.
Q: How is this trend used in economic policy?
A: The ZHVI for Arizona is closely monitored by policymakers to assess housing market dynamics and inform decisions related to housing affordability, zoning, and development policies.
Q: Are there update delays or limitations?
A: The ZHVI for Arizona is updated monthly, but there may be some delays in the data due to the time required for property transactions to be recorded.
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Citation
U.S. Federal Reserve, Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos, and CO-OPs in Arizona (AZUCSFRCONDOSMSAMID), retrieved from FRED.