Sunnyslope, Phoenix, AZ—85021
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sunnyslope, Phoenix, AZ
As of Oct '25, the median home price in Sunnyslope, Phoenix, AZ is $437,000, with a year-over-year change of -3.3%. This indicates that home prices in Sunnyslope, Phoenix, AZ are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $437,000 | -3.3% |
| Single Family | $470,000 | -2.7% |
| Condos | $212,000 | -4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $265,000 | -7.7% |
3 Bed | $437,000 | -3.1% |
4 Bed | $830,000 | 1.0% |
| 5 Bed | $1,210,000 | 2.4% |
% of Housing Stock
Rental Trends — Sunnyslope, Phoenix, AZ
As of July '25, Rentcast reports the average rent in Sunnyslope, Phoenix, AZ is $1,700, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Sunnyslope, Phoenix, AZ is studios: $904, 1-bedrooms: $1,100, 2-bedrooms: $1,540, 3-bedrooms: $2,150, 4-bedrooms: $3,320. The most common rental property sizes in Sunnyslope, Phoenix, AZ are 2-bedroom and 1-bedroom, accounting for 36.4% and 34.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,700 |
| Studio Rent | $895 | $904 |
| 1 Bed Rent | $990 | $1,100 |
| 2 Bed Rent | $1,400 | $1,540 |
| 3 Bed Rent | $2,000 | $2,150 |
| 4 Bed Rent | $2,950 | $3,320 |
% of Rental Stock
Property Listings — Sunnyslope, Phoenix, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Sunnyslope, Phoenix, AZ is 67. 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 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $562,000 | 34.0% |
Listing Count | 122 | 43.0% |
| Listings as % of Homes | 0.5% | 43.0% |
Days on Market | 67 | 28.0% |
Demographics — Sunnyslope, Phoenix, AZ
As of the latest ACS Survey released in 2023, Sunnyslope, Phoenix, AZ has a population of 40,000, which has decreased by -4.7% over the past 5 years. Sunnyslope, Phoenix, AZ is a moderately popular place for families, as children make up 22.4% of the population. The area has a moderately educated workforce, with 33.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,000 | -4.7% |
% Under 18 | 22.4% | -13.2% |
% Seniors | 15.7% | 23.6% |
% WFH | 13.6% | 202.2% |
% w/ College Degree | 33.3% | 14.4% |
As of the latest ACS Survey released in 2023, Sunnyslope, Phoenix, AZ is a predominantly white area, with 43.7% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Sunnyslope, Phoenix, AZ is hispanic, making up 33.6% of the population. Foreign-born residents account for 15.5% of the population in Sunnyslope, Phoenix, AZ, and this percentage has decreased by 20.1% 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 | 43.7% | -5.2% |
% Black | 12.2% | 25.8% |
% Hispanic | 33.6% | -0.9% |
% Asian | 2.2% | -47.6% |
% Foreign Born | 15.5% | -20.1% |
Mortgage and Risk — Sunnyslope, Phoenix, AZ
According to HUD data as of 2023, there were 389 mortgage originations in Sunnyslope, Phoenix, AZ, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Sunnyslope, Phoenix, AZ. Investor activity is low, as 4.0% 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 | 389 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Sunnyslope, Phoenix, AZ
As of 2024, the percent of homes in Sunnyslope, Phoenix, AZ under the Section 8 program is 3.4%. 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 Sunnyslope, Phoenix, AZ, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 406 |
Total Units Section 8 | 337 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $450 | $990 | $1,440 |
| 2 Bedroom | $290 | $1,400 | $1,690 |
| 3 Bedroom | $290 | $2,000 | $2,290 |
| 4 Bedroom | -$340 | $2,950 | $2,610 |
Affordability — Sunnyslope, Phoenix, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $437,000 |
| Median Household Income | $58,500 |