Deer Valley, Phoenix, AZ—85027
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Deer Valley, Phoenix, AZ
Home Price Trends — Deer Valley, Phoenix, AZ
As of Oct '25, the median home price in Deer Valley, Phoenix, AZ is $375,000, with a year-over-year change of -5.2%. This indicates that home prices in Deer Valley, Phoenix, AZ are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $375,000 | -5.2% |
| Single Family | $380,000 | -5.2% |
| Condos | $229,000 | -5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $190,000 | -9.5% |
2 Bed | $266,000 | -6.3% |
3 Bed | $384,000 | -4.7% |
4 Bed | $447,000 | -4.5% |
| 5 Bed | $532,000 | -3.3% |
% of Housing Stock
Rental Trends — Deer Valley, Phoenix, AZ
As of July '25, Rentcast reports the average rent in Deer Valley, Phoenix, AZ is $1,820, with a year-over-year rent change of 5.8%. Per bedroom, the median rent as of July '25 in Deer Valley, Phoenix, AZ is studios: $1,180, 1-bedrooms: $1,210, 2-bedrooms: $1,530, 3-bedrooms: $2,110, 4-bedrooms: $2,270. The most common rental property sizes in Deer Valley, Phoenix, AZ are 2-bedroom and 1-bedroom, accounting for 39.0% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,840 | $1,820 |
| Studio Rent | $980 | $1,180 |
| 1 Bed Rent | $1,190 | $1,210 |
| 2 Bed Rent | $1,550 | $1,530 |
| 3 Bed Rent | $1,980 | $2,110 |
| 4 Bed Rent | $2,180 | $2,270 |
% of Rental Stock
Property Listings — Deer Valley, Phoenix, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Deer Valley, Phoenix, AZ is 55. This is a increase of 25.0% 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 52.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $371,000 | -5.0% |
Listing Count | 116 | 10.0% |
| Listings as % of Homes | 0.5% | 10.0% |
Days on Market | 55 | 25.0% |
Demographics — Deer Valley, Phoenix, AZ
As of the latest ACS Survey released in 2023, Deer Valley, Phoenix, AZ has a population of 39,000, which has increased by 6.7% over the past 5 years. Deer Valley, Phoenix, AZ is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 29.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,000 | 6.7% |
% Under 18 | 21.7% | 7.4% |
% Seniors | 13.4% | 14.5% |
% WFH | 18.0% | 233.3% |
% w/ College Degree | 29.4% | 5.4% |
As of the latest ACS Survey released in 2023, Deer Valley, Phoenix, AZ is a predominantly white area, with 60.5% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Deer Valley, Phoenix, AZ is hispanic, making up 22.0% of the population. Foreign-born residents account for 15.8% of the population in Deer Valley, Phoenix, AZ, and this percentage has decreased by 1.2% 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 | 60.5% | -9.4% |
% Black | 2.5% | 4.2% |
% Hispanic | 22.0% | 14.6% |
% Asian | 7.6% | -2.6% |
% Foreign Born | 15.8% | -1.2% |
Mortgage and Risk — Deer Valley, Phoenix, AZ
According to HUD data as of 2023, there were 629 mortgage originations in Deer Valley, Phoenix, AZ, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Deer Valley, Phoenix, AZ. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 629 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Deer Valley, Phoenix, AZ
As of 2024, the percent of homes in Deer Valley, Phoenix, AZ under the Section 8 program is 0.7%. 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 Deer Valley, 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 | 61 |
Total Units Section 8 | 59 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $560 | $1,190 | $1,750 |
| 2 Bedroom | $480 | $1,550 | $2,030 |
| 3 Bedroom | $750 | $1,980 | $2,730 |
| 4 Bedroom | $870 | $2,180 | $3,050 |
Affordability — Deer Valley, Phoenix, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $375,000 |
| Median Household Income | $73,300 |