Phoenix - AZ vs Tampa - FL: 2026 Housing Comparison

What this means for buyers

Phoenix - AZ is roughly 24% more expensive than Tampa - FL in typical home value.

Phoenix vs Tampa: what the numbers say

At today's 7.32% average 30-year rate with 20% down, the typical home would cost about $2,424 a month in principal and interest in Phoenix and $1,961 in Tampa, a gap of $463 a month.

Typical rent runs $1,720 in Phoenix and $1,991 in Tampa, so the mortgage payment alone is 1.4 times rent in Phoenix and 1.0 times rent in Tampa, before taxes and insurance.

Home prices are 21.4 years of rent in Phoenix and 14.9 in Tampa; the lower ratio in Tampa means buying there is cheaper relative to renting.

Over the last 23 months typical values moved -4.5% in Phoenix and -6.8% in Tampa; over just the last three months the change was -0.4% in Phoenix and -0.0% in Tampa.

Homes sell for 97.9% of list price in Phoenix and 97.0% in Tampa, after 38 and 41 days on the market, with price cuts on 32% and 31% of listings. The signs are mixed: Phoenix has more price cuts, while Tampa has longer time on the market and sales further below list.

The number of homes for sale is up 2% on a year ago in Phoenix and down 7% on a year ago in Tampa.

Payments assume a 30-year fixed loan at the Freddie Mac weekly average rate (2026-10-22), 20% down, principal and interest only. Home values, rents and market figures are Zillow Research metro data.