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Arizona home values have more than doubled in the past decade

by Emily Marek

Home values have increased in every American state since 2013, according to a study from Architecture Lab. However, Arizona is one of the states where values have increased the most drastically.

Using data from the Zillow Home Value Index, Architecture Lab ranked every U.S. state based on the difference between average home values in 2013 and 2023. Arizona ranked No. 5: A decade ago, the average home was valued at $171,299. Last year, however, that value had jumped 142.15% to $414,801.

The state where home values have increased the most was Idaho, which saw a 171.03% increase in home values from 2013 to 2023. However, home values doubled or more than doubled in nearly half of all states in the country.

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