Estrella Village, Phoenix, AZ—85037
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Estrella Village, Phoenix, AZ
As of Oct '25, the median home price in Estrella Village, Phoenix, AZ is $348,000, with a year-over-year change of -5.4%. This indicates that home prices in Estrella Village, Phoenix, AZ are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $348,000 | -5.4% |
| Single Family | $350,000 | -5.4% |
| Condos | $213,000 | -4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $284,000 | -5.6% |
3 Bed | $347,000 | -5.2% |
4 Bed | $384,000 | -4.7% |
| 5 Bed | $434,000 | -4.8% |
% of Housing Stock
Rental Trends — Estrella Village, Phoenix, AZ
As of July '25, Rentcast reports the average rent in Estrella Village, Phoenix, AZ is $2,120, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Estrella Village, Phoenix, AZ is 1-bedrooms: $1,370, 2-bedrooms: $1,660, 3-bedrooms: $2,170, 4-bedrooms: $2,530. The most common rental property sizes in Estrella Village, Phoenix, AZ are 3-bedroom and 2-bedroom, accounting for 32.4% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,120 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,430 | $1,370 |
| 2 Bed Rent | $1,650 | $1,660 |
| 3 Bed Rent | $1,940 | $2,170 |
| 4 Bed Rent | $2,370 | $2,530 |
% of Rental Stock
Property Listings — Estrella Village, Phoenix, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Estrella Village, Phoenix, AZ is 56. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $372,000 | -9.0% |
Listing Count | 166 | 56.0% |
| Listings as % of Homes | 0.7% | 56.0% |
Days on Market | 56 | -1.0% |
Demographics — Estrella Village, Phoenix, AZ
As of the latest ACS Survey released in 2023, Estrella Village, Phoenix, AZ has a population of 53,000, which has decreased by -4.5% over the past 5 years. Estrella Village, Phoenix, AZ is a popular place for families, as children make up 28.9% of the population. The area has a poorly educated workforce, with 13.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 53,000 | -4.5% |
% Under 18 | 28.9% | -10.8% |
% Seniors | 7.6% | 20.6% |
% WFH | 9.3% | 287.5% |
% w/ College Degree | 13.7% | 12.3% |
As of the latest ACS Survey released in 2023, Estrella Village, Phoenix, AZ is a predominantly hispanic area, with 65.0% of the population identifying as hispanic. The hispanic population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Estrella Village, Phoenix, AZ is white, making up 17.3% of the population. Foreign-born residents account for 22.8% of the population in Estrella Village, Phoenix, AZ, and this percentage has decreased by 4.6% 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 | 17.3% | -13.1% |
% Black | 12.6% | 59.5% |
% Hispanic | 65.0% | -1.5% |
% Asian | 2.2% | -29.0% |
% Foreign Born | 22.8% | -4.6% |
Mortgage and Risk — Estrella Village, Phoenix, AZ
According to HUD data as of 2023, there were 798 mortgage originations in Estrella Village, Phoenix, AZ, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Estrella Village, Phoenix, AZ. Investor activity is low, as 6.0% 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 | 798 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Estrella Village, Phoenix, AZ
As of 2024, the percent of homes in Estrella Village, Phoenix, AZ under the Section 8 program is 3.8%. 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 Estrella Village, 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 | 282 |
Total Units Section 8 | 282 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,430 | $1,520 |
| 2 Bedroom | $120 | $1,650 | $1,770 |
| 3 Bedroom | $440 | $1,940 | $2,380 |
| 4 Bedroom | $290 | $2,370 | $2,660 |
Affordability — Estrella Village, Phoenix, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $348,000 |
| Median Household Income | $81,900 |