Capitol District, Phoenix, AZ—85007
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Capitol District, Phoenix, AZ
As of Oct '25, the median home price in Capitol District, Phoenix, AZ is $402,000, with a year-over-year change of -5.3%. This indicates that home prices in Capitol District, Phoenix, AZ are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $402,000 | -5.3% |
| Single Family | $405,000 | -5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $401,000 | -5.0% |
3 Bed | $494,000 | -4.3% |
4 Bed | $625,000 | -2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Capitol District, Phoenix, AZ
As of July '25, Rentcast reports the average rent in Capitol District, Phoenix, AZ is $1,570, with a year-over-year rent change of 6.8%. Per bedroom, the median rent as of July '25 in Capitol District, Phoenix, AZ is studios: $904, 1-bedrooms: $1,130, 2-bedrooms: $1,800, 3-bedrooms: $2,340, 4-bedrooms: $2,530. The most common rental property sizes in Capitol District, Phoenix, AZ are 1-bedroom and 2-bedroom, accounting for 38.4% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,570 |
| Studio Rent | $895 | $904 |
| 1 Bed Rent | $1,120 | $1,130 |
| 2 Bed Rent | $1,500 | $1,800 |
| 3 Bed Rent | $2,200 | $2,340 |
| 4 Bed Rent | $2,500 | $2,530 |
% of Rental Stock
Property Listings — Capitol District, Phoenix, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Capitol District, Phoenix, AZ is 68. This is a increase of 7.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $624,000 | 22.0% |
Listing Count | 49 | 32.0% |
| Listings as % of Homes | 0.7% | 32.0% |
Days on Market | 68 | 7.0% |
Demographics — Capitol District, Phoenix, AZ
As of the latest ACS Survey released in 2023, Capitol District, Phoenix, AZ has a population of 13,600, which has decreased by -8.1% over the past 5 years. Capitol District, Phoenix, AZ is a popular place for families, as children make up 25.4% of the population. The area has a moderately educated workforce, with 26.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,600 | -8.1% |
% Under 18 | 25.4% | -5.2% |
% Seniors | 11.6% | 3.6% |
% WFH | 17.6% | 188.5% |
% w/ College Degree | 26.9% | 14.0% |
As of the latest ACS Survey released in 2023, Capitol District, Phoenix, AZ is a predominantly hispanic area, with 52.5% of the population identifying as hispanic. The hispanic population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Capitol District, Phoenix, AZ is white, making up 34.0% of the population. Foreign-born residents account for 15.7% of the population in Capitol District, Phoenix, AZ, and this percentage has decreased by 17.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 34.0% | 28.3% |
% Black | 9.3% | -29.5% |
% Hispanic | 52.5% | -0.6% |
% Asian | 1.7% | -51.4% |
% Foreign Born | 15.7% | -17.8% |
Mortgage and Risk — Capitol District, Phoenix, AZ
According to HUD data as of 2023, there were 157 mortgage originations in Capitol District, Phoenix, AZ, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Capitol District, Phoenix, AZ. Investor activity is low, as 4.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 157 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Capitol District, Phoenix, AZ
As of 2024, the percent of homes in Capitol District, Phoenix, AZ under the Section 8 program is 13.0%. 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. In Capitol District, Phoenix, AZ, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 738 |
Total Units Section 8 | 357 |
% Rentals under Section 8 | 13.0% |
% Occupied Section 8 | 88.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,120 | $1,440 |
| 2 Bedroom | $190 | $1,500 | $1,690 |
| 3 Bedroom | $90 | $2,200 | $2,290 |
| 4 Bedroom | $110 | $2,500 | $2,610 |
Affordability — Capitol District, Phoenix, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $402,000 |
| Median Household Income | $55,800 |