Home prices in Phoenix and 14 surrounding suburbs have surged nearly 100% over the past decade, with Phoenix up 99.3% and Mesa 98.9%. Median home prices in Phoenix rose from $205,835 to $410,169, and in Mesa from $218,790 to $435,134. Arizona ranked 14th nationally with a 94.3% increase. Income growth varied, with some suburbs seeing household incomes rise over 70%.