Laveen, Phoenix, AZ—85041
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Laveen, Phoenix, AZ
Home Price Trends — Laveen, Phoenix, AZ
As of Oct '25, the median home price in Laveen, Phoenix, AZ is $365,000, with a year-over-year change of -4.3%. This indicates that home prices in Laveen, Phoenix, AZ are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $365,000 | -4.3% |
| Single Family | $365,000 | -4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $287,000 | -4.3% |
3 Bed | $356,000 | -4.3% |
4 Bed | $404,000 | -4.5% |
| 5 Bed | $463,000 | -4.1% |
% of Housing Stock
Rental Trends — Laveen, Phoenix, AZ
As of July '25, Rentcast reports the average rent in Laveen, Phoenix, AZ is $2,130, with a year-over-year rent change of -7.0%. Per bedroom, the median rent as of July '25 in Laveen, Phoenix, AZ is studios: $1,250, 1-bedrooms: $1,020, 2-bedrooms: $1,350, 3-bedrooms: $2,110, 4-bedrooms: $2,340. The most common rental property sizes in Laveen, Phoenix, AZ are 3-bedroom and 4-bedroom, accounting for 53.9% and 18.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,130 |
| Studio Rent | $1,250 | $1,250 |
| 1 Bed Rent | $900 | $1,020 |
| 2 Bed Rent | $1,250 | $1,350 |
| 3 Bed Rent | $2,000 | $2,110 |
| 4 Bed Rent | $2,300 | $2,340 |
% of Rental Stock
Property Listings — Laveen, Phoenix, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Laveen, Phoenix, AZ is 52. This is a increase of 21.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $430,000 | -1.0% |
Listing Count | 159 | 19.0% |
| Listings as % of Homes | 0.9% | 19.0% |
Days on Market | 52 | 21.0% |
Demographics — Laveen, Phoenix, AZ
As of the latest ACS Survey released in 2023, Laveen, Phoenix, AZ has a population of 63,900, which has increased by 2.2% over the past 5 years. Laveen, Phoenix, AZ is a popular place for families, as children make up 28.5% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 63,900 | 2.2% |
% Under 18 | 28.5% | -12.0% |
% Seniors | 9.5% | 28.4% |
% WFH | 13.2% | 193.3% |
% w/ College Degree | 18.5% | 19.4% |
As of the latest ACS Survey released in 2023, Laveen, Phoenix, AZ is a predominantly hispanic area, with 65.6% of the population identifying as hispanic. The hispanic population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Laveen, Phoenix, AZ is black, making up 16.3% of the population. Foreign-born residents account for 24.2% of the population in Laveen, Phoenix, AZ, and this percentage has increased by 13.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 13.0% | -7.1% |
% Black | 16.3% | 13.2% |
% Hispanic | 65.6% | -1.4% |
% Asian | 2.8% | 12.0% |
% Foreign Born | 24.2% | 13.6% |
Mortgage and Risk — Laveen, Phoenix, AZ
According to HUD data as of 2023, there were 1155 mortgage originations in Laveen, Phoenix, AZ, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Laveen, 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 | 1,155 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Laveen, Phoenix, AZ
As of 2024, the percent of homes in Laveen, Phoenix, AZ under the Section 8 program is 15.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Laveen, 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 | 747 |
Total Units Section 8 | 740 |
% Rentals under Section 8 | 15.2% |
% Occupied Section 8 | 91.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $560 | $900 | $1,460 |
| 2 Bedroom | $450 | $1,250 | $1,700 |
| 3 Bedroom | $290 | $2,000 | $2,290 |
| 4 Bedroom | $310 | $2,300 | $2,610 |
Affordability — Laveen, Phoenix, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $365,000 |
| Median Household Income | $70,600 |