Desert Ridge, Phoenix, AZ—85054
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Desert Ridge, Phoenix, AZ
As of Oct '25, the median home price in Desert Ridge, Phoenix, AZ is $700,000, with a year-over-year change of 0.5%. This indicates that home prices in Desert Ridge, Phoenix, AZ are flat. 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 | $700,000 | 0.5% |
| Single Family | $871,000 | 2.6% |
| Condos | $469,000 | -1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $470,000 | -2.5% |
3 Bed | $765,000 | 1.5% |
4 Bed | $938,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Desert Ridge, Phoenix, AZ
As of July '25, Rentcast reports the average rent in Desert Ridge, Phoenix, AZ is $3,060, with a year-over-year rent change of 21.9%. Per bedroom, the median rent as of July '25 in Desert Ridge, Phoenix, AZ is studios: $1,510, 1-bedrooms: $1,950, 2-bedrooms: $2,700, 3-bedrooms: $4,020, 4-bedrooms: $4,250. The most common rental property sizes in Desert Ridge, Phoenix, AZ are 2-bedroom and 1-bedroom, accounting for 46.4% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $3,060 |
| Studio Rent | $1,530 | $1,510 |
| 1 Bed Rent | $1,770 | $1,950 |
| 2 Bed Rent | $2,400 | $2,700 |
| 3 Bed Rent | $3,500 | $4,020 |
| 4 Bed Rent | $4,140 | $4,250 |
% of Rental Stock
Property Listings — Desert Ridge, Phoenix, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Desert Ridge, Phoenix, AZ is 53. 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $512,000 | -22.0% |
Listing Count | 94 | 29.0% |
| Listings as % of Homes | 0.7% | 29.0% |
Days on Market | 53 | 11.0% |
Demographics — Desert Ridge, Phoenix, AZ
As of the latest ACS Survey released in 2023, Desert Ridge, Phoenix, AZ has a population of 10,200, which has increased by 47.3% over the past 5 years. Desert Ridge, Phoenix, AZ is a less popular place for families, as children make up 13.7% of the population. The area has a highly educated workforce, with 60.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,200 | 47.3% |
% Under 18 | 13.7% | 45.7% |
% Seniors | 16.8% | -4.5% |
% WFH | 27.9% | 118.0% |
% w/ College Degree | 60.7% | -3.0% |
As of the latest ACS Survey released in 2023, Desert Ridge, Phoenix, AZ is a predominantly white area, with 70.9% of the population identifying as white. The white population has shrunk by 16.3% in the last 5 years. The second most common race or ethnicity in Desert Ridge, Phoenix, AZ is asian, making up 9.7% of the population. Foreign-born residents account for 18.7% of the population in Desert Ridge, Phoenix, AZ, and this percentage has increased by 61.2% 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 | 70.9% | -16.3% |
% Black | 7.4% | 393.3% |
% Hispanic | 9.2% | 31.4% |
% Asian | 9.7% | 120.5% |
% Foreign Born | 18.7% | 61.2% |
Mortgage and Risk — Desert Ridge, Phoenix, AZ
According to HUD data as of 2023, there were 308 mortgage originations in Desert Ridge, Phoenix, AZ, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Desert Ridge, Phoenix, AZ. Investor activity is low, as 1.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 308 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Desert Ridge, Phoenix, AZ
As of 2024, the percent of homes in Desert Ridge, Phoenix, AZ under the Section 8 program is 0.0%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Desert Ridge, Phoenix, AZ, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $490 | $1,770 | $2,260 |
| 2 Bedroom | $230 | $2,400 | $2,630 |
| 3 Bedroom | $40 | $3,500 | $3,540 |
| 4 Bedroom | -$180 | $4,140 | $3,960 |
Affordability — Desert Ridge, Phoenix, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $700,000 |
| Median Household Income | $89,100 |