Phoenix's housing market is diverse, offering a range of options from cozy single-family homes to modern high-rise apartments. The architectural styles reflect the city's growth, with a mix of Southwestern adobe homes, contemporary designs, and mid-century modern structures. The housing landscape is predominantly composed of single-family homes, with a significant portion of the market also featuring condominiums and townhouses, accommodating various lifestyle needs. The homeownership rate in Phoenix is robust, with a significant majority of residents owning their homes.