North Mountain, Phoenix, AZ—85029
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 $354,000, with a year-over-year change of -5.7%. This indicates that home prices in North Mountain, 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 | $354,000 | -5.7% |
| Single Family | $361,000 | -5.5% |
| Condos | $188,000 | -6.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $242,000 | -7.6% |
3 Bed | $363,000 | -4.7% |
4 Bed | $400,000 | -4.5% |
| 5 Bed | $435,000 | -4.6% |
% of Housing Stock
Rental Trends — North Mountain, Phoenix, AZ
As of July '25, Rentcast reports the average rent in North Mountain, Phoenix, AZ is $1,750, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in North Mountain, Phoenix, AZ is studios: $893, 1-bedrooms: $1,140, 2-bedrooms: $1,290, 3-bedrooms: $2,120, 4-bedrooms: $2,450. The most common rental property sizes in North Mountain, Phoenix, AZ are 2-bedroom and 1-bedroom, accounting for 46.4% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,770 | $1,750 |
| Studio Rent | $795 | $893 |
| 1 Bed Rent | $998 | $1,140 |
| 2 Bed Rent | $1,200 | $1,290 |
| 3 Bed Rent | $1,980 | $2,120 |
| 4 Bed Rent | $2,300 | $2,450 |
% 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 47. This is a increase of 11.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $389,000 | -1.0% |
Listing Count | 128 | 5.0% |
| Listings as % of Homes | 0.4% | 5.0% |
Days on Market | 47 | 11.0% |
Demographics — North Mountain, Phoenix, AZ
As of the latest ACS Survey released in 2023, North Mountain, Phoenix, AZ has a population of 49,400, which has increased by 7.6% over the past 5 years. North Mountain, Phoenix, AZ is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 22.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,400 | 7.6% |
% Under 18 | 22.2% | -3.1% |
% Seniors | 13.8% | 9.5% |
% WFH | 14.9% | 109.9% |
% w/ College Degree | 22.1% | 10.0% |
As of the latest ACS Survey released in 2023, North Mountain, Phoenix, AZ is a predominantly white area, with 47.4% of the population identifying as white. The white population has shrunk by 15.5% in the last 5 years. The second most common race or ethnicity in North Mountain, Phoenix, AZ is hispanic, making up 35.8% of the population. Foreign-born residents account for 16.7% of the population in North Mountain, Phoenix, AZ, and this percentage has decreased by 0.6% 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 | 47.4% | -15.5% |
% Black | 6.9% | 15.0% |
% Hispanic | 35.8% | 12.2% |
% Asian | 2.9% | 7.4% |
% Foreign Born | 16.7% | -0.6% |
Mortgage and Risk — North Mountain, Phoenix, AZ
According to HUD data as of 2023, there were 669 mortgage originations in North Mountain, Phoenix, AZ, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in North Mountain, Phoenix, AZ. Investor activity is low, as 3.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 669 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
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 4.9%. 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 North Mountain, 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 | 588 |
Total Units Section 8 | 480 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | 93.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $562 | $998 | $1,560 |
| 2 Bedroom | $610 | $1,200 | $1,810 |
| 3 Bedroom | $460 | $1,980 | $2,440 |
| 4 Bedroom | $420 | $2,300 | $2,720 |
Affordability — North Mountain, Phoenix, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $354,000 |
| Median Household Income | $60,400 |