Median Value of Owner-Occupied Housing
Annual estimates of home values show that home prices rose considerably during the mid-2000s but dropped through 2012. The real estate boom and bust of the 2000s was much more extreme in Arizona than the national average. The median value in Arizona went from 1 percent above average in 2000 to 28 percent higher than the U.S. average in 2006 but fell to 12 percent below average in 2012. Home prices rose more in 2013 in Arizona than nationally.