Phoenix, AZ — income, home value, property tax, and sales tax.
In ZIP 85225, near Phoenix, homes carry a median value of $430,400 while households earn a median of $88,676, and per-capita income sits at $42,341. The county's 0.44% effective property tax rate works out to a comparatively gentle annual bill against that home value, so ownership costs here lean more on mortgage and insurance than on taxes. Sales tax across the area totals 7.80%, a cost that applies to purchases rather than to holding a home. Together these figures describe a market where income levels and home prices are reasonably aligned, though the gap between median and per-capita earnings hints at a range of household circumstances.
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