Phoenix, NY—13135
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Phoenix, NY
As of Oct '25, the median home price in Phoenix, NY is $231,000, with a year-over-year change of 3.1%. This indicates that home prices in Phoenix, NY are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $231,000 | 3.1% |
| Single Family | $231,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $177,000 | 2.9% |
3 Bed | $228,000 | 3.2% |
4 Bed | $316,000 | 3.9% |
| 5 Bed | $310,000 | 3.0% |
% of Housing Stock
Rental Trends — Phoenix, NY
As of July '25, Rentcast reports the average rent in Phoenix, NY is $2,000, with a year-over-year rent change of 68.1%. Per bedroom, the median rent as of July '25 in Phoenix, NY is 1-bedrooms: $925, 2-bedrooms: $1,310, 3-bedrooms: $3,500, 4-bedrooms: $4,350. The most common rental property sizes in Phoenix, NY are 2-bedroom and 3-bedroom, accounting for 38.8% and 25.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,340 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $925 | $925 |
| 2 Bed Rent | $1,220 | $1,310 |
| 3 Bed Rent | $3,500 | $3,500 |
| 4 Bed Rent | $4,350 | $4,350 |
% of Rental Stock
Property Listings — Phoenix, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Phoenix, NY is 98. This is a increase of 112.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $499,000 | -2.0% |
Listing Count | 26 | 10.0% |
| Listings as % of Homes | 0.5% | 10.0% |
Days on Market | 98 | 112.0% |
Demographics — Phoenix, NY
As of the latest ACS Survey released in 2023, Phoenix, NY has a population of 6,230, which has decreased by -6.9% over the past 5 years. Phoenix, NY is a moderately popular place for families, as children make up 22.8% of the population. The area has a moderately educated workforce, with 29.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,230 | -6.9% |
% Under 18 | 22.8% | 0.9% |
% Seniors | 17.9% | 22.6% |
% WFH | 11.3% | 121.6% |
% w/ College Degree | 29.3% | 54.2% |
As of the latest ACS Survey released in 2023, Phoenix, NY is a predominantly white area, with 92.0% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Phoenix, NY is hispanic, making up 2.4% of the population. Foreign-born residents account for 2.1% of the population in Phoenix, NY, and this percentage has increased by 31.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.0% | -2.5% |
% Black | 0.3% | 200.0% |
% Hispanic | 2.4% | -20.0% |
% Asian | 1.7% | 70.0% |
% Foreign Born | 2.1% | 31.2% |
Mortgage and Risk — Phoenix, NY
According to HUD data as of 2023, there were 56 mortgage originations in Phoenix, NY, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Phoenix, NY. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 56 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Phoenix, NY
As of 2024, the percent of homes in Phoenix, NY under the Section 8 program is 4.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Phoenix, NY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $65 | $925 | $990 |
| 2 Bedroom | $0 | $1,220 | $1,220 |
| 3 Bedroom | -$2,010 | $3,500 | $1,490 |
| 4 Bedroom | -$2,670 | $4,350 | $1,680 |
Affordability — Phoenix, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $231,000 |
| Median Household Income | $83,000 |