Paradise Valley Village, Phoenix, AZ—85028
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Paradise Valley Village, Phoenix, AZ
As of Oct '25, the median home price in Paradise Valley Village, Phoenix, AZ is $682,000, with a year-over-year change of -2.5%. This indicates that home prices in Paradise Valley Village, Phoenix, AZ are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $682,000 | -2.5% |
| Single Family | $693,000 | -2.1% |
| Condos | $419,000 | -1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $489,000 | -2.0% |
3 Bed | $645,000 | -2.4% |
4 Bed | $796,000 | -1.0% |
| 5 Bed | $1,219,000 | 2.7% |
% of Housing Stock
Rental Trends — Paradise Valley Village, Phoenix, AZ
As of July '25, Rentcast reports the average rent in Paradise Valley Village, Phoenix, AZ is $3,410, with a year-over-year rent change of 6.6%. Per bedroom, the median rent as of July '25 in Paradise Valley Village, Phoenix, AZ is studios: $1,220, 1-bedrooms: $1,930, 2-bedrooms: $2,460, 3-bedrooms: $3,180, 4-bedrooms: $4,650. The most common rental property sizes in Paradise Valley Village, Phoenix, AZ are 1-bedroom and 3-bedroom, accounting for 29.4% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,100 | $3,410 |
| Studio Rent | $1,100 | $1,220 |
| 1 Bed Rent | $1,700 | $1,930 |
| 2 Bed Rent | $2,200 | $2,460 |
| 3 Bed Rent | $3,250 | $3,180 |
| 4 Bed Rent | $4,000 | $4,650 |
% of Rental Stock
Property Listings — Paradise Valley Village, Phoenix, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Paradise Valley Village, Phoenix, AZ is 51. This is a increase of 2.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $762,000 | -3.0% |
Listing Count | 94 | 9.0% |
| Listings as % of Homes | 0.8% | 9.0% |
Days on Market | 51 | 2.0% |
Demographics — Paradise Valley Village, Phoenix, AZ
As of the latest ACS Survey released in 2023, Paradise Valley Village, Phoenix, AZ has a population of 19,000, which has decreased by -2.3% over the past 5 years. Paradise Valley Village, Phoenix, AZ is a moderately popular place for families, as children make up 18.9% of the population. The area has a highly educated workforce, with 56.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,000 | -2.3% |
% Under 18 | 18.9% | -3.6% |
% Seniors | 23.5% | -2.5% |
% WFH | 26.7% | 105.4% |
% w/ College Degree | 56.2% | 7.3% |
As of the latest ACS Survey released in 2023, Paradise Valley Village, Phoenix, AZ is a predominantly white area, with 81.0% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Paradise Valley Village, Phoenix, AZ is hispanic, making up 7.9% of the population. Foreign-born residents account for 5.6% of the population in Paradise Valley Village, Phoenix, AZ, and this percentage has decreased by 30.9% 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 | 81.0% | -1.5% |
% Black | 2.5% | 56.2% |
% Hispanic | 7.9% | -25.5% |
% Asian | 1.8% | 5.9% |
% Foreign Born | 5.6% | -30.9% |
Mortgage and Risk — Paradise Valley Village, Phoenix, AZ
According to HUD data as of 2023, there were 467 mortgage originations in Paradise Valley Village, Phoenix, AZ, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Paradise Valley Village, Phoenix, AZ. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 467 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Paradise Valley Village, Phoenix, AZ
As of 2024, the percent of homes in Paradise Valley Village, Phoenix, AZ under the Section 8 program is 10.2%. 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 units appear to be good home sizes to consider for Section 8 housing in Paradise Valley Village, Phoenix, AZ, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 129 |
Total Units Section 8 | 128 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $1,700 | $2,000 |
| 2 Bedroom | $120 | $2,200 | $2,320 |
| 3 Bedroom | -$130 | $3,250 | $3,120 |
| 4 Bedroom | -$510 | $4,000 | $3,490 |
Affordability — Paradise Valley Village, Phoenix, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $682,000 |
| Median Household Income | $119,000 |