Housing character
Downtown Phoenix is in the middle of a genuine urban revival: Roosevelt Row’s arts district, new apartment towers, the biomedical campus and a growing restaurant scene. Housing is mostly new apartments and condos, with historic neighborhoods like Roosevelt on the edges.
Price character
Mid-market for central Phoenix, with new-construction premiums on the condo product.
Zip codes
- 85004
- 85003
Financing here
Conventional Loans
A conventional loan is a mortgage not insured by the government that follows Fannie Mae or Freddie Mac guidelines.
Jumbo Loans
A jumbo loan is a mortgage larger than the FHFA conforming loan limit for your county, used for higher-priced homes.
DSCR Loans
A DSCR loan is an investment-property mortgage that qualifies you on the property’s rental income divided by its monthly payment (the debt service coverage ratio).
Condo Loans
A condo loan is a mortgage on a unit in a condominium project, and approval depends on the building as well as the buyer.
FAQ
What is Downtown Phoenix known for?
Downtown Phoenix is in the middle of a genuine urban revival: Roosevelt Row’s arts district, new apartment towers, the biomedical campus and a growing restaurant scene. Housing is mostly new apartments and condos, with historic neighborhoods like Roosevelt on the edges.
Who buys in Downtown Phoenix?
Young professionals, ASU downtown students and investors buy into the urbanization story. It is primarily a rental market, so investors underwrite occupancy against the large new apartment supply coming online.
What do homes cost in Downtown Phoenix?
Mid-market for central Phoenix, with new-construction premiums on the condo product. Get a quote based on the actual property, every block prices differently.