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Arizona

Arizona starts in downtown Phoenix, on Roosevelt Street, where the artists who took over cheap bungalows and blank walls built the Roosevelt Row arts district.

One Arizona cost runs through every report in the state: low property tax and a flat income tax. Arizona taxes income at one flat rate of 2.5 percent, and property tax is levied on a limited property value that cannot rise more than 5 percent a year, which keeps effective rates low: 0.46 percent at the Maricopa County median and 0.56 percent in downtown Phoenix's ZIP 85004. Sales tax carries more of the load, 9.1 percent combined in Phoenix in 2026, and since January 1, 2025 no Arizona city may tax residential rent on leases of 30 days or more.

Metros

Phoenix

The downtown core and its historic districts: arts blocks, bungalow streets, and the light rail spine up Central Avenue.

1 neighborhood so far

Tucson

Barrio streets, streetcar suburbs around the university, and adobe blocks under the Catalinas.

On the way

Flagstaff

A mountain town's downtown and railroad era neighborhoods at 7,000 feet.

On the way

Sedona

Red rock neighborhoods where the views set the prices.

On the way

Latest Arizona Report

The Bliss mural by El Mac and Kofie on Roosevelt Row in Phoenix, at night

Hidden Gem

Roosevelt Row, Phoenix

Phoenix's downtown arts district, made by the artists who moved into its cheap bungalows and blank walls: murals down Roosevelt Street, galleries in restored houses, First Fridays filling the blocks each month, and the light rail and the downtown core at its door.

Median $470,000Walk Score 94About 0.6 miles to the downtown core

Affordable price band. Downtown arts district living.

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Photo: Chris English, CC BY-SA 3.0, Wikimedia Commons