$500,000 in Phoenix real estate (2015): $1.2 million now
$1.2 million
Updated May 1, 2026 · Redfin
$500,000 in Phoenix real estate in 2015 would be worth $1,219,303.59 today — multiplied 2.4 times, about 8% a year over 11 years. Figures track the typical home price per m² (Redfin index); they exclude rent, taxes and costs.
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The investment curve
The worst drawdown: the position fell as much as 15% from its peak (2023/01). The chart makes the multiple look easy; holding through that drop is what almost no one does.
What if you'd started in another year?
The same $500,000, for every entry year:
| Entry year | Value today | Multiple |
|---|---|---|
| 2012 | $2,324,332 | 4.6× |
| 2013 | $1,596,480 | 3.2× |
| 2014 | $1,285,843 | 2.6× |
| 2015 | $1,219,304 | 2.4× |
| 2016 | $1,127,911 | 2.3× |
| 2017 | $1,037,644 | 2.1× |
| 2018 | $931,594 | 1.9× |
| 2019 | $876,626 | 1.8× |
| 2020 | $793,003 | 1.6× |
| 2021 | $682,254 | 1.4× |
| 2022 | $526,612 | 1.1× |
| 2023 | $543,760 | 1.1× |
| 2024 | $502,652 | 1.0× |
| 2025 | $490,189 | -2% |
Against the benchmarks
| The same money in | Value today |
|---|---|
| Phoenix | $1,219,304 |
| Inflation only (U.S. CPI) | $714,467 |
| S&P 500 | $1,833,631 |
The S&P 500 figure is a price index, in U.S. dollars, with no dividends reinvested. The inflation line is the same money doing nothing but keeping its purchasing power.
Typical home price per m² (Redfin). Excludes rent received, closing costs, property taxes, maintenance and vacancy — the value of the property itself, not the investor's total return.
Frequently asked questions
Did Phoenix real estate beat inflation?
After adjusting for U.S. consumer prices (CPI), the result is a 71% change in real terms — what's left once the dollar's loss of purchasing power is removed.
What if I'd invested in a different year?
The result changes a lot with the entry point. Our series starts in 2012; the year-by-year table on this page shows the outcome for every starting year.
What was the worst drawdown?
The largest peak-to-trough drop was 15%, reached around Jan/2023. Holding through that decline was the cost of the full result above.
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Descriptive, educational content computed from official public data. Not investment advice. Past performance does not guarantee future results.