New River, AZ 85087 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

New River, AZ—85087

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$630,000

0.4% YoY Growth

Household Income

$121,000

69.3% YoY Growth

Days on Market

5.0% Shorter YoY

Home Price Forecast

-1.4%

Median Rent

$2,500

5.7% YoY Growth

1-Bed Rent

$1,470

N/A

2-Bed Rent

$2,000

8.1% YoY Growth

3-Bed Rent

$2,450

0.4% YoY Growth

Home Price Trends — New River, AZ

As of May '26, the median home price in New River, AZ is $630,000, with a year-over-year change of 0.4%. This indicates that home prices in New River, AZ are flat. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$630,000	0.4%
Single Family	$630,000	0.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — New River, AZ

As of July '25, Rentcast reports the average rent in New River, AZ is $2,650, with a year-over-year rent change of -5.7%. Per bedroom, the median rent as of July '25 in New River, AZ is 1-bedrooms: $1,470, 2-bedrooms: $2,000, 3-bedrooms: $2,630, 4-bedrooms: $2,900. The most common rental property sizes in New River, AZ are 4-bedroom and 3-bedroom, accounting for 42.7% and 37.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,650
Studio Rent	N/A	N/A
1 Bed Rent	$1,470	$1,470
2 Bed Rent	$2,000	$2,000
3 Bed Rent	$2,450	$2,630
4 Bed Rent	$2,800	$2,900

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% of Rental Stock

1 Bedroom

2.4%

2 Bedrooms

17.5%

3 Bedrooms

37.4%

4 Bedrooms

42.7%

Property Listings — New River, AZ

As of May '26, Realtor.com reports that the median days on market for a home in New River, AZ is 67. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 49.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$700,000	0.0%
Listing Count	82	0.0%
Listings as % of Homes	1.6%	0.0%
Days on Market	67	-5.0%

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Demographics — New River, AZ

As of the latest ACS Survey released in 2023, New River, AZ has a population of 9,840, which has increased by 15.6% over the past 5 years. New River, AZ is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 29.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,840	15.6%
% Under 18	21.9%	-3.1%
% Seniors	24.2%	15.2%
% WFH	20.8%	37.7%
% w/ College Degree	29.5%	17.1%

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As of the latest ACS Survey released in 2023, New River, AZ is a predominantly white area, with 82.8% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in New River, AZ is hispanic, making up 6.5% of the population. Foreign-born residents account for 4.7% of the population in New River, AZ, and this percentage has decreased by 27.7% 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	82.8%	-4.5%
% Black	1.6%	300.0%
% Hispanic	6.5%	4.8%
% Asian	1.7%	-60.5%
% Foreign Born	4.7%	-27.7%

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Mortgage and Risk — New River, AZ

According to HUD data as of 2023, there were 281 mortgage originations in New River, AZ, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in New River, AZ. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	281
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — New River, AZ

As of 2024, the percent of homes in New River, AZ under the Section 8 program is 0.5%. 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 New River, 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	1
Total Units Section 8	1
% Rentals under Section 8	0.5%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$710	$1,470	$2,180
2 Bedroom	$530	$2,000	$2,530
3 Bedroom	$950	$2,450	$3,400
4 Bedroom	$1,010	$2,800	$3,810

New River, AZ—85087

Key Metrics at a Glance

Home Price Trends — New River, AZ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New River, AZ

% of Rental Stock

Property Listings — New River, AZ

Demographics — New River, AZ

Race and Ethnicity

Mortgage and Risk — New River, AZ

Mortgages

Rentals and Section 8 — New River, AZ

Section 8 Market Size

Section 8 Opportunity

Affordability — New River, AZ

Home Price to Income Ratio

New River, AZ — ZIP Code Boundary Map

Nearby ZIP Codes

Anthem, AZ

Norterra, Phoenix, AZ

Stetson Hills, Phoenix, AZ

Black Canyon City, AZ

Peoria, AZ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.9
Median Home Price	$630,000
Median Household Income	$121,000

New River, AZ—85087

Key Metrics at a Glance

Home Price Trends — New River, AZ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New River, AZ

% of Rental Stock

Property Listings — New River, AZ

Demographics — New River, AZ

Race and Ethnicity

Mortgage and Risk — New River, AZ

Mortgages

Rentals and Section 8 — New River, AZ

Section 8 Market Size

Section 8 Opportunity

Affordability — New River, AZ

Home Price to Income Ratio

New River, AZ — ZIP Code Boundary Map

Nearby ZIP Codes

Anthem, AZ

Norterra, Phoenix, AZ

Stetson Hills, Phoenix, AZ

Black Canyon City, AZ

Peoria, AZ

Frequently Asked Questions

What is the average home price in New River, AZ 85087?

How have home prices in New River, AZ 85087 changed over the past year?

What is the home price projection for New River, AZ 85087?

What are the demographics of New River, AZ 85087?

How long does it take homes to sell in New River, AZ 85087?

What is the average rent price in New River, AZ 85087?