Roosevelt Row, Phoenix, AZ—85003
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Roosevelt Row, Phoenix, AZ
As of Oct '25, the median home price in Roosevelt Row, Phoenix, AZ is $570,000, with a year-over-year change of -1.2%. This indicates that home prices in Roosevelt Row, Phoenix, AZ are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $570,000 | -1.2% |
| Single Family | $642,000 | -0.8% |
| Condos | $458,000 | -0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $359,000 | -1.9% |
2 Bed | $564,000 | -1.4% |
3 Bed | $760,000 | 0.1% |
4 Bed | $948,000 | 1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Roosevelt Row, Phoenix, AZ
As of July '25, Rentcast reports the average rent in Roosevelt Row, Phoenix, AZ is $2,200, with a year-over-year rent change of -14.1%. Per bedroom, the median rent as of July '25 in Roosevelt Row, Phoenix, AZ is studios: $1,220, 1-bedrooms: $1,670, 2-bedrooms: $2,590, 3-bedrooms: $4,600, 4-bedrooms: $2,350. The most common rental property sizes in Roosevelt Row, Phoenix, AZ are 1-bedroom and 2-bedroom, accounting for 44.3% and 36.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $2,200 |
| Studio Rent | $1,200 | $1,220 |
| 1 Bed Rent | $1,550 | $1,670 |
| 2 Bed Rent | $2,200 | $2,590 |
| 3 Bed Rent | $4,500 | $4,600 |
| 4 Bed Rent | $2,350 | $2,350 |
% of Rental Stock
Property Listings — Roosevelt Row, Phoenix, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Roosevelt Row, Phoenix, AZ is 77. This is a increase of 33.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $647,000 | 4.0% |
Listing Count | 56 | 104.0% |
| Listings as % of Homes | 0.3% | 104.0% |
Days on Market | 77 | 33.0% |
Demographics — Roosevelt Row, Phoenix, AZ
As of the latest ACS Survey released in 2023, Roosevelt Row, Phoenix, AZ has a population of 10,200, which has increased by 20.6% over the past 5 years. Roosevelt Row, Phoenix, AZ is a less popular place for families, as children make up 12.3% of the population. The area has a moderately educated workforce, with 44.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,200 | 20.6% |
% Under 18 | 12.3% | 2.5% |
% Seniors | 16.5% | 38.7% |
% WFH | 24.7% | 165.6% |
% w/ College Degree | 44.8% | 16.1% |
As of the latest ACS Survey released in 2023, Roosevelt Row, Phoenix, AZ is a predominantly white area, with 47.6% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Roosevelt Row, Phoenix, AZ is hispanic, making up 28.5% of the population. Foreign-born residents account for 12.2% of the population in Roosevelt Row, Phoenix, AZ, and this percentage has increased by 2.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 47.6% | -6.8% |
% Black | 18.7% | 98.9% |
% Hispanic | 28.5% | -17.4% |
% Asian | 2.1% | 31.2% |
% Foreign Born | 12.2% | 2.5% |
Mortgage and Risk — Roosevelt Row, Phoenix, AZ
According to HUD data as of 2023, there were 161 mortgage originations in Roosevelt Row, Phoenix, AZ, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Roosevelt Row, Phoenix, AZ. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 161 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Roosevelt Row, Phoenix, AZ
As of 2024, the percent of homes in Roosevelt Row, Phoenix, AZ under the Section 8 program is 9.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Roosevelt Row, Phoenix, AZ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 619 |
Total Units Section 8 | 334 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 92.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,550 | $1,570 |
| 2 Bedroom | -$380 | $2,200 | $1,820 |
| 3 Bedroom | -$2,050 | $4,500 | $2,450 |
| 4 Bedroom | $390 | $2,350 | $2,740 |
Affordability — Roosevelt Row, Phoenix, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.9 |
| Median Home Price | $570,000 |
| Median Household Income | $56,700 |