Rent vs Buy in Phoenix, AZ

Phoenix, AZ Assumptions

Home Purchase
Ongoing Costs
Rental
Growth
Tax
Projection

Buy Net Worth

Rent Net Worth

Break-Even

Verdict

Net Worth Over Time — Phoenix, AZ

Year-by-Year Comparison

Year-by-year rent vs buy comparison for Phoenix, AZ
Year Buy
Net Worth
Rent
Net Worth
Difference Monthly
Buy Cost
Monthly
Rent

Cities & Towns in Phoenix, AZ

This calculator's defaults reflect the broader Phoenix, AZ metropolitan area, including:

  • Phoenix
  • Mesa
  • Chandler
  • Scottsdale
  • Glendale
  • Gilbert
  • Tempe
  • Peoria
  • Surprise
  • Goodyear
  • Avondale
  • Buckeye
  • Queen Creek
  • Paradise Valley

Region: West. Housing cost-of-living index: 113 (national avg = 100). Composite cost-of-living: 103.

About this Phoenix, AZ estimate

The default home price and rent come from the Phoenix, AZ metropolitan area's housing cost-of-living index applied to national 2025 medians ($420,000 home, $1,850/mo rent for a typical 2-3 BR). The property tax rate is the average effective rate for Arizona per the Tax Foundation. These are starting points — adjust to match your specific listing, neighborhood, and tax bill.