$580,238Average Value$441Average Price per Sq Ft46Homes For Sale
Downtown Phoenix is a newer city center that’s still evolving
Unlike many cities that developed around an urban core, Phoenix primarily attracted homebuyers to its suburban fringes well into the 1980s. The downtown area, as we know it today, only began taking shape as a dense, walkable place following the introduction of the light rail and Arizona State University in the early 2000s. Now, Downtown Phoenix flaunts all the trappings of a thriving city center, including an eclectic dining scene with over 200 restaurants, sports arenas, music venues, rooftop lounges, museums, theaters and art galleries. "And it's all [fresh] because it's been [revitalized]," says Tim Cusick, an associate broker with Homelogic Real Estate, who has sold homes for more than 20 years.
Competitive dining, some retail and a year-round farmers market
"There are many up-and-coming chefs that have establishments here, and they are always trying to outdo [each other]," Cusick says. "Because of the competition, it just breeds a great food selection." At least a dozen new establishments opened in 2024. Carry On is one of the latest spots, serving vintage cocktails and "in-flight snacks" in a setting inspired by a 1970s jet cabin. Durant's has been a consistent fixture of Downtown Phoenix since 1950 but recently changed hands and is now partially owned by two James Beard-nominated chefs. Arizona Center, Collier Center and Cityscape are local mixed-use spaces that combine bars, restaurants and event spaces. The area's retail options are limited. "Scottsdale Fashion [Square] is where everyone goes [around 12 miles away]," Cusick says. Local grocers include Fry's Food Market and Safeway, while the Downtown Phoenix Farmers Market is open year-round on Saturdays.
Robust commuter options keep residents connected
The light rail runs through the city center's heart, complemented by bus services. Interstate 10 is the primary highway connection, intersecting with Interstate 17 within around 3 miles. "You can [also] get from one end of the valley to another on a surface street," says Realtor Mario Romero of The Melcher Agency, with over 40 years of industry experience.
Big entertainment, annual celebration and everyday fun
Downtown offers a bustling entertainment scene. "We always have all kinds of stuff going on like any other big city," Romero says. "You name the parade, and they have it." Splashed in colorful murals, the 11-block Roosevelt Row Arts District hosts events such as the First Fridays Art Walk, a weekly Sidewalk Saturday artisan market and the annual Phoestivus holiday market. Several theaters accommodate concerts, symphonies and off-Broadway shows. On game days, sports lovers head to the Footprint Center to watch the Phoenix Suns and Phoenix Mercury play, and to Chase Field to cheer on the Arizona Diamondbacks.
Modest parks and Margaret T. Hance Park, a 32-acre gem
Downtown Phoenix features a mix of modest urban green spaces, some more passive than others. One of them, Peace Park, offers a quiet place to walk and reflect outside St. Mary's Roman Catholic Basilica. The largest green space is Margaret T. Hance Park, spanning 32 acres and boasting an immersive playground with a rabbit and fox climber, rock wall, rope course, massive sandbox and a splash pad. There's also a dog park on the grounds with fenced-in sections for smaller and larger pups. Nearby, visitors can enjoy a meditative Japanese garden and the Burton Barr Library, which has over 1 million volumes. Cusick says extreme heat keeps people moving from one air-conditioned building to another during the summer.
Diverse housing options and crime challenges
Romero says people are surprised by the amount of green in downtown Phoenix, with palm trees springing from the most urban corridors. Residential options include high-rise condos, historic single-family homes and townhouses. Vintage homes are Craftsman style, but some are inspired by adobe architecture. Prices vary from the $600,000s to over $1 million for large homes, to the $200,000s to $500,000s for small homes. Condos typically range from the low $300,000s to the low $700,000s, with luxury penthouses surpassing $1 million. Townhouses range from around $250,000 to over $900,000. While condos are often midcentury and newer, some townhouses were also built as far back as the 1920s. Homeowners Association fees are common for condos and townhouses, covering amenities such as pools, rooftop lounges and fitness centers. "And many of them are along the light rail or within walking distance," Romero says.
The area's CAP Index Crime Score is 10 out of 10. The national average is 4. The Phoenix Police Department's Community Engagement Bureau works to prevent crime, in part, by establishing community partnerships. Their youth programs, which help youngers understand the inner workings and value of the department, are a vital aspect of this work.
Educational opportunities through schools and universities
The Phoenix Union High School District serves Downtown Phoenix. Ralph Waldo Emerson Elementary School, catering to kindergarten through eighth-grade students, earns a C rating on Niche, while Central High School earns a B-minus rating. In the past five years, 96 Central High students achieved National Merit Scholar recognition. Local higher education options include Arizona State University, the University of Arizona College of Medicine and Northern Arizona University Phoenix Bioscience Core. The city offers various educational enrichment through its museums, such as the Heard Museum, devoted to American Indian art.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Annette Sharp,
an experienced agent in this neighborhood.
Parks in this Area
Roosevelt Mini Park
Picnic Area
Trails
Playground
Margaret T. Hance Park
Dog Park
Trails
Volleyball
Civic Space Park
Trails
Events
Waterpark
Portland Parkway Park
Picnic Area
Multi-Purpose Field
McDowell Mountain Regional Park
Bike Trails
Camping
Picnic Area
Townsend Park
Basketball
Grills
Picnic Area
Cancer Survivors Park
Trails
Transit
Airport
Phoenix Sky Harbor International
12 min drive
Subway
Mcdowell/Central Ave
Subway
Roosevelt/Central Ave
Subway
Van Buren/Central Ave
Subway
Van Buren/1St Ave
Subway
Jefferson/1St Ave
Subway
3Rd St/Jefferson
Subway
3Rd St/Washington
Bus
3rd St & Moreland St
Bus
3rd St & Taylor St
Bus
5th Av & Washington St
Bus
Fillmore St & 6th Av
Bus
Fillmore St & 3rd Av
Bus
Van Buren St & 7th St
Bus
Fillmore St & Central Av
Crime and Safety
1 - Low Crime, 10 - High Crime
Downtown Phoenix
US
Homicide
7
4
Sexual Assault
10
4
Assault with Weapon
10
4
Robbery
10
4
Burglary
10
4
Motor Vehicle Theft
10
4
Larceny
10
4
Crime Score
10
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Downtown Phoenix, Phoenix sell after 66 days on the market compared to the national average of 47 days. The average sale price for homes in Downtown Phoenix, Phoenix over the last 12 months is $630,464, up 12% from the average home sale price over the previous 12 months.
Where history meets modern city living—welcome to Orpheum Lofts! Setting the stage in Downtown Phoenix's only pre-war Art Deco condo building, this 1-bedroom, 1-bath residence blends the soul of a bygone era with the pulse of the city. Step through the show-stopping lobby and you'll feel transported to a classic New York building—there's truly nothing else like it in Phoenix. Residents
Enjoy Vibrant Urban Living in the Heart of Downtown Phoenix with Amazing Views from the 14th Floor of The Summit Condominium with Floor to Ceiling Windows, Wood Floors throughout, 1 Bedroom Primary Suite plus Den, Bath plus Powder Room,Open Concept Kitchen, Beautiful Cabinetry, Granite Countertops, Stainless Appliances,Laundry, Private Balcony on NE Corner of the Building. Underground Parking,
This gorgeous 100-year-old historic Craftsman Bungalow was rehabilitated in 2008 with nearly everything replaced from the ground up! Located on the coveted Lynwood Street in the Historic Roosevelt Neighborhood, lined with palm trees and historic streetlamps. Enjoy stunning city views from two balconies facing Midtown to the north and Downtown Phoenix to the south. A covered wrap around porch
The Roosevelt Neighborhood in Phoenix, Arizona, is a historically significant area that developed between 1893 and 1930. It was one of Phoenix's earliest suburbs and became a prestigious residential district for the city's elite. Many prominent figures, including governors, mayors, and other influential citizens, lived in the neighborhood during the early 20th century. These men and women played
The Roosevelt Neighborhood in Phoenix, Arizona, is a historically significant area that developed between 1893 and 1930. It was one of Phoenix's earliest suburbs and became a prestigious residential district for the city's elite. Many prominent figures, including governors, mayors, and other influential citizens, lived in the neighborhood during the early 20th century. These men and women played
Urban Vibes Meet Historic Charm - Your Downtown Oasis Awaits!Live in the heart of the action while tucked away in your own secure, stylish sanctuary. This rare gem of a unit boasts jaw-dropping views of both downtown and uptown, with an industrial-chic vibe thanks to exposed concrete floors and ductwork. Cook like a pro in the stainless steel kitchen, unwind in a fully remodeled bathroom,
Elevate your lifestyle at our community—Central Phoenix's newest metropolitan apartment community on Roosevelt Row! This beautifully structured urban residence is the perfect blend of sleek and modern design infused with elegant vibrancy. Our spacious floor plans showcase stunning details and thoughtful finishes that are sure to impress and inspire!We are redefining urban luxury by providing our
If lifestyle is what you're looking for we have a wealth of incredible onsite amenities in one of the best areas of Phoenix. An exquisite rooftop lounge, elevated 2nd story resort style swimming pool, 24-hour state of the art fitness center and yoga studio are just a few luxuries you are sure to enjoy at our pet-friendly community!And we can't forget the best amenity of all... downtown Phoenix!
If lifestyle is what you're looking for we have a wealth of incredible onsite amenities in one of the best areas of Phoenix. An exquisite rooftop lounge, elevated 2nd story resort style swimming pool, 24-hour state of the art fitness center and yoga studio are just a few luxuries you are sure to enjoy at our pet-friendly community!And we can't forget the best amenity of all... downtown
Interested in learning more about homes in this area?
Reach out to
Annette Sharp,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
17,812
Median Age
35
Population under 18
14.8%
Below the national average
23.8%
Population over 65
8.6%
Below the national average
19.1%
Finances
Median Household Income
$46,649
Significantly below the national average
$71,702
Average Household Income
$74,988
Education and Workforce
High School Graduates
88.6%
College Graduates
56%
Above the national average
34.1%
Advanced Degrees
18.1%
On par with the national average
13.3%
% Population in Labor Force
62.9%
Weather
Annual Precipitation
7''
Average Winter Low Temperature
45°F
Average Summer High Temperature
107°F
Annual Snowfall
0''
Area Factors
Bikeable
Bike Score®
67/ 100
Walker's Paradise
Walk Score®
94/ 100
Good Transit
Transit Score®
65/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
