Desert Ridge, Phoenix, AZ85024

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$483,000
4.1% YoY Growth
Median Household Income
$97,800
34.5% 5-Year Growth
Days on Market
58
27.0% Longer than last year
Home Price Forecast
0.0%
Median Rent
$2,300
1.5% YoY Growth
1-Bed Rent
$1,350
16.4% YoY Growth
2-Bed Rent
$2,000
10.3% YoY Growth
3-Bed Rent
$2,300
0.4% YoY Growth

Other Zip Codes in Desert Ridge, Phoenix, AZ

Property Listings — Desert Ridge, Phoenix, AZ

As of Oct '25, Realtor.com reports that the median days on market for a home in Desert Ridge, Phoenix, AZ is 58. This is a increase of 27.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$513,000-6.0%
Listing Count
1047.0%
Listings as % of Homes0.7%7.0%
Days on Market
5827.0%
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Demographics — Desert Ridge, Phoenix, AZ

As of the latest ACS Survey released in 2023, Desert Ridge, Phoenix, AZ has a population of 25,700, which has increased by 4.0% over the past 5 years. Desert Ridge, Phoenix, AZ is a moderately popular place for families, as children make up 23.6% of the population. The area has a highly educated workforce, with 45.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.2% reporting working from home.

MetricLatest CensusYoY % Change
Population
25,7004.0%
% Under 18
23.6%0.4%
% Seniors
10.7%11.5%
% WFH
21.2%194.4%
% w/ College Degree
45.4%5.6%
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As of the latest ACS Survey released in 2023, Desert Ridge, Phoenix, AZ is a predominantly white area, with 71.5% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Desert Ridge, Phoenix, AZ is hispanic, making up 16.4% of the population. Foreign-born residents account for 12.4% of the population in Desert Ridge, Phoenix, AZ, and this percentage has increased by 18.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
71.5%-5.9%
% Black
2.3%-8.0%
% Hispanic
16.4%22.4%
% Asian
6.2%37.8%
% Foreign Born
12.4%18.1%
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Mortgage and Risk — Desert Ridge, Phoenix, AZ

According to HUD data as of 2023, there were 468 mortgage originations in Desert Ridge, Phoenix, AZ, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Desert Ridge, Phoenix, AZ. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
468
% Conventional Loans
88.0%
% Government Loans
12.0%
% Investor Loans
1.0%
% Second Loans
1.0%
% Cash Out Refinance
11.0%

Loan Activity

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Rentals and Section 8 — Desert Ridge, Phoenix, AZ

As of 2024, the percent of homes in Desert Ridge, Phoenix, AZ under the Section 8 program is 0.8%. 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 Desert Ridge, 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
41
Total Units Section 8
38
% Rentals under Section 8
0.8%
% Occupied Section 8
92.9%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom$600$1,350$1,950
2 Bedroom$260$2,000$2,260
3 Bedroom$740$2,300$3,040
4 Bedroom$300$3,100$3,400

Affordability — Desert Ridge, Phoenix, AZ

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio5
Median Home Price$483,000
Median Household Income$97,800

Desert Ridge, Phoenix, AZ — ZIP Code Boundary Map

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Frequently Asked Questions