North Mountain, Phoenix, AZ—85020
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in North Mountain, Phoenix, AZ
Home Price Trends — North Mountain, Phoenix, AZ
As of Oct '25, the median home price in North Mountain, Phoenix, AZ is $400,000, with a year-over-year change of -4.0%. This indicates that home prices in North Mountain, Phoenix, AZ are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $400,000 | -4.0% |
| Single Family | $459,000 | -3.8% |
| Condos | $246,000 | -4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $212,000 | -7.0% |
2 Bed | $292,000 | -5.8% |
3 Bed | $485,000 | -3.2% |
4 Bed | $848,000 | -1.2% |
| 5 Bed | $1,253,000 | 1.0% |
% of Housing Stock
Rental Trends — North Mountain, Phoenix, AZ
As of July '25, Rentcast reports the average rent in North Mountain, Phoenix, AZ is $2,010, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in North Mountain, Phoenix, AZ is studios: $999, 1-bedrooms: $1,170, 2-bedrooms: $1,670, 3-bedrooms: $2,750, 4-bedrooms: $3,520. The most common rental property sizes in North Mountain, Phoenix, AZ are 2-bedroom and 1-bedroom, accounting for 44.3% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $2,010 |
| Studio Rent | $999 | $999 |
| 1 Bed Rent | $1,150 | $1,170 |
| 2 Bed Rent | $1,550 | $1,670 |
| 3 Bed Rent | $2,400 | $2,750 |
| 4 Bed Rent | $3,200 | $3,520 |
% of Rental Stock
Property Listings — North Mountain, Phoenix, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in North Mountain, Phoenix, AZ is 70. This is a increase of 28.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $430,000 | -8.0% |
Listing Count | 211 | 26.0% |
| Listings as % of Homes | 0.8% | 26.0% |
Days on Market | 70 | 28.0% |
Demographics — North Mountain, Phoenix, AZ
As of the latest ACS Survey released in 2023, North Mountain, Phoenix, AZ has a population of 33,900, which has decreased by -2.4% over the past 5 years. North Mountain, Phoenix, AZ is a moderately popular place for families, as children make up 15.5% of the population. The area has a moderately educated workforce, with 42.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,900 | -2.4% |
% Under 18 | 15.5% | -24.0% |
% Seniors | 20.1% | 6.9% |
% WFH | 18.6% | 126.8% |
% w/ College Degree | 42.7% | 13.6% |
As of the latest ACS Survey released in 2023, North Mountain, Phoenix, AZ is a predominantly white area, with 60.0% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in North Mountain, Phoenix, AZ is hispanic, making up 26.2% of the population. Foreign-born residents account for 13.0% of the population in North Mountain, Phoenix, AZ, and this percentage has decreased by 18.8% 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 | 60.0% | -2.1% |
% Black | 4.1% | 10.8% |
% Hispanic | 26.2% | -8.4% |
% Asian | 2.6% | 44.4% |
% Foreign Born | 13.0% | -18.8% |
Mortgage and Risk — North Mountain, Phoenix, AZ
According to HUD data as of 2023, there were 749 mortgage originations in North Mountain, Phoenix, AZ, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in North Mountain, Phoenix, AZ. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 749 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — North Mountain, Phoenix, AZ
As of 2024, the percent of homes in North Mountain, Phoenix, AZ under the Section 8 program is 4.3%. 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 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in North Mountain, Phoenix, AZ, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 362 |
Total Units Section 8 | 343 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $460 | $1,150 | $1,610 |
| 2 Bedroom | $320 | $1,550 | $1,870 |
| 3 Bedroom | $120 | $2,400 | $2,520 |
| 4 Bedroom | -$390 | $3,200 | $2,810 |
Affordability — North Mountain, Phoenix, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $400,000 |
| Median Household Income | $78,400 |