Zip Code: 85028 (Phoenix, Arizona) - Trend of Zillow Home Value Index (ZHVI) for All Homes (SFR, Condo/Co-op), Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow home value index (ZHVI) for All Homes (SFR, Condo/Co-op) in the 85028 Zip Code (Phoenix, Arizona) in February 2026 was $694,892.074. The month over month percentage change (MoM) was 0.72%, and the year over year percentage change (YoY) was 1.16%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 85028 zip code (Phoenix, Arizona). The table below shows the trend of the smoothed and seasonally adjusted ZHVI, and the MoM and YoY percentage changes for the 85028 zip code (Phoenix, Arizona).

You can see similar information for other Arizona zip codes, and for Arizona.

Note: Zillow Home Value Index (ZHVI) is a measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.

Data Source: Zillow.
Zip Code: 85028 (Phoenix, Arizona) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 85028 (Phoenix, Arizona) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 321875.6598750633 0.36 2.52
Feb 2015 323114.3831891501 0.39 1.66
Mar 2015 324082.60515404696 0.30 0.88
Apr 2015 324818.7616716389 0.23 0.54
May 2015 325998.5775490084 0.36 0.72
Jun 2015 327373.63122199994 0.42 1.25
Jul 2015 329667.176374857 0.70 2.25
Aug 2015 332181.082051736 0.76 3.32
Sep 2015 335105.64245488547 0.88 4.39
Oct 2015 337629.8064589901 0.75 5.42
Nov 2015 340187.71909092524 0.76 6.22
Dec 2015 342724.7260842291 0.75 6.86
Jan 2016 345723.6783322667 0.88 7.41
Feb 2016 348244.697823262 0.73 7.78
Mar 2016 349279.2126104928 0.30 7.78
Apr 2016 349193.25462973636 -0.02 7.50
May 2016 348943.11184219964 -0.07 7.04
Jun 2016 349397.6256541586 0.13 6.73
Jul 2016 350436.1889954922 0.30 6.30
Aug 2016 351383.59906681767 0.27 5.78
Sep 2016 352620.6527139484 0.35 5.23
Oct 2016 353877.83831538825 0.36 4.81
Nov 2016 355096.8988742604 0.34 4.38
Dec 2016 356385.4634484739 0.36 3.99
Jan 2017 357348.5261692982 0.27 3.36
Feb 2017 358624.0458170462 0.36 2.98
Mar 2017 360155.3980131657 0.43 3.11
Apr 2017 361983.25100518716 0.51 3.66
May 2017 363651.8170712556 0.46 4.22
Jun 2017 365464.03948035534 0.50 4.60
Jul 2017 367294.7281410195 0.50 4.81
Aug 2017 369254.49289776984 0.53 5.09
Sep 2017 371071.6314607545 0.49 5.23
Oct 2017 372694.6435020461 0.44 5.32
Nov 2017 373746.1688881996 0.28 5.25
Dec 2017 374892.30047230696 0.31 5.19
Jan 2018 376409.3026445037 0.41 5.33
Feb 2018 378194.7850838092 0.47 5.46
Mar 2018 379815.11761090887 0.43 5.46
Apr 2018 381714.75789690664 0.50 5.45
May 2018 384691.1999240792 0.78 5.79
Jun 2018 388276.3169716957 0.93 6.24
Jul 2018 391847.4711857121 0.92 6.69
Aug 2018 394840.95729771216 0.76 6.93
Sep 2018 397661.96408521594 0.71 7.17
Oct 2018 400086.44391800713 0.61 7.35
Nov 2018 402066.77943063696 0.50 7.58
Dec 2018 403316.26344718924 0.31 7.58
Jan 2019 404474.3122225483 0.29 7.46
Feb 2019 405967.11093248945 0.37 7.34
Mar 2019 407417.5437783217 0.36 7.27
Apr 2019 408693.22350472055 0.31 7.07
May 2019 409366.4793590733 0.17 6.41
Jun 2019 410090.84332491 0.18 5.62
Jul 2019 410524.7868386149 0.11 4.77
Aug 2019 411387.436499544 0.21 4.19
Sep 2019 413119.45167967724 0.42 3.89
Oct 2019 415677.43849337375 0.62 3.90
Nov 2019 418643.3785556126 0.71 4.12
Dec 2019 421420.456097309 0.66 4.49
Jan 2020 425513.5814721394 0.97 5.20
Feb 2020 430962.0675561901 1.28 6.16
Mar 2020 437268.4258247221 1.46 7.33
Apr 2020 442735.9514361415 1.25 8.33
May 2020 446248.5032645995 0.79 9.01
Jun 2020 448456.9128955629 0.50 9.36
Jul 2020 450845.8401125895 0.53 9.82
Aug 2020 455444.0144413296 1.02 10.71
Sep 2020 462812.3110163077 1.62 12.03
Oct 2020 471859.41223162255 1.96 13.52
Nov 2020 481169.7067953406 1.97 14.94
Dec 2020 489858.1366494579 1.81 16.24
Jan 2021 497876.2788207433 1.64 17.01
Feb 2021 506219.5762710012 1.68 17.46
Mar 2021 515741.18841479486 1.88 17.95
Apr 2021 527220.2118590013 2.23 19.08
May 2021 541164.4516244299 2.65 21.27
Jun 2021 556724.962035506 2.88 24.14
Jul 2021 570965.5245258663 2.56 26.64
Aug 2021 581576.0972611906 1.86 27.69
Sep 2021 589207.840788969 1.31 27.31
Oct 2021 595521.1978236628 1.07 26.21
Nov 2021 602430.3652344131 1.16 25.20
Dec 2021 609099.1753848273 1.11 24.34
Jan 2022 618613.8355917721 1.56 24.25
Feb 2022 631029.0303383112 2.01 24.66
Mar 2022 648376.0663923626 2.75 25.72
Apr 2022 667504.5777045056 2.95 26.61
May 2022 686425.526722322 2.84 26.84
Jun 2022 699944.4723343006 1.97 25.73
Jul 2022 704677.7356078769 0.68 23.42
Aug 2022 700112.7002853486 -0.65 20.38
Sep 2022 689619.8833745733 -1.50 17.04
Oct 2022 679335.0160612428 -1.49 14.07
Nov 2022 669686.0256087692 -1.42 11.16
Dec 2022 660524.57984985 -1.37 8.44
Jan 2023 650510.999714942 -1.52 5.16
Feb 2023 642462.3060056219 -1.24 1.81
Mar 2023 638781.4557150342 -0.57 -1.48
Apr 2023 639281.4535782955 0.08 -4.23
May 2023 642254.1427318741 0.47 -6.43
Jun 2023 647070.2081912732 0.75 -7.55
Jul 2023 653023.4064295051 0.92 -7.33
Aug 2023 659997.0086632855 1.07 -5.73
Sep 2023 666838.6955939924 1.04 -3.30
Oct 2023 673571.4239312456 1.01 -0.85
Nov 2023 679114.4483728992 0.82 1.41
Dec 2023 681981.1595930605 0.42 3.25
Jan 2024 681126.8302356149 -0.12 4.71
Feb 2024 680262.6400249751 -0.13 5.88
Mar 2024 681668.7910323548 0.21 6.71
Apr 2024 685725.374402706 0.60 7.27
May 2024 689319.9196673183 0.52 7.33
Jun 2024 690444.5909141637 0.16 6.70
Jul 2024 690259.8757379743 -0.03 5.70
Aug 2024 689255.7566361894 -0.14 4.43
Sep 2024 688531.7688495498 -0.10 3.25
Oct 2024 688405.3204109668 -0.02 2.20
Nov 2024 689340.4576143064 0.14 1.51
Dec 2024 690489.3261340826 0.17 1.25
Jan 2025 689637.4854346871 -0.12 1.25
Feb 2025 686908.8286347883 -0.40 0.98
Mar 2025 683791.6824508045 -0.45 0.31
Apr 2025 681804.3054149639 -0.29 -0.57
May 2025 680265.0386850695 -0.23 -1.31
Jun 2025 678003.3927832561 -0.33 -1.80
Jul 2025 674915.9205968127 -0.45 -2.22
Aug 2025 671976.4264681827 -0.44 -2.51
Sep 2025 670767.998535493 -0.18 -2.58
Oct 2025 672780.8992001996 0.30 -2.27
Nov 2025 677227.6765697394 0.66 -1.76
Dec 2025 683619.3516147911 0.94 -0.99
Jan 2026 689898.141397878 0.92 0.04
Feb 2026 694892.0744709446 0.72 1.16