WhereCanIAfford › Phoenix, AZ › On $175,000

Is Phoenix, AZ affordable on a $175,000 salary?

YES On $175,000/yr, the typical $442,078 home in Phoenix, AZ needs $135,766/yr ($3,168/mo). Your gap: +$39,234 — housing would be 21.7% of your gross income.

The math

442,078 price − 10% down (44,208) = 397,870 loan
30-yr fixed at 6.95% on 397,870 = 2,634/mo principal+interest
+ 534/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
3,168/mo PITI ÷ 0.28 = 11,314/mo → 135,766/yr required

against Zillow ZHVI 2026-08 and the 6.95% FRED 30-yr rate (2026-09-17).

What salary WOULD clear Phoenix, AZ?

You need about $135,766/yr for the typical home. On $175,000 you already clear it by $39,234.

On $150,000? On $200,000? On $225,000?

See the full Phoenix, AZ affordability breakdown → or every metro you can afford on $175,000 →