Casa Grande, AZ—85122
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Casa Grande, AZ
As of Oct '25, the median home price in Casa Grande, AZ is $308,000, with a year-over-year change of -3.7%. This indicates that home prices in Casa Grande, 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 | $308,000 | -3.7% |
| Single Family | $309,000 | -3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $230,000 | -6.5% |
3 Bed | $295,000 | -3.6% |
4 Bed | $342,000 | -3.1% |
| 5 Bed | $390,000 | -2.7% |
% of Housing Stock
Rental Trends — Casa Grande, AZ
As of July '25, Rentcast reports the average rent in Casa Grande, AZ is $1,670, with a year-over-year rent change of -7.2%. Per bedroom, the median rent as of July '25 in Casa Grande, AZ is studios: $908, 1-bedrooms: $1,160, 2-bedrooms: $1,250, 3-bedrooms: $1,770, 4-bedrooms: $1,980. The most common rental property sizes in Casa Grande, AZ are 2-bedroom and 3-bedroom, accounting for 39.4% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,670 |
| Studio Rent | $900 | $908 |
| 1 Bed Rent | $1,190 | $1,160 |
| 2 Bed Rent | $1,270 | $1,250 |
| 3 Bed Rent | $1,700 | $1,770 |
| 4 Bed Rent | $1,950 | $1,980 |
% of Rental Stock
Property Listings — Casa Grande, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Casa Grande, AZ is 72. This is a increase 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | -1.0% |
Listing Count | 337 | 3.0% |
| Listings as % of Homes | 1.2% | 3.0% |
Days on Market | 72 | 1.0% |
Demographics — Casa Grande, AZ
As of the latest ACS Survey released in 2023, Casa Grande, AZ has a population of 58,300, which has remained stable by 0.8% over the past 5 years. Casa Grande, AZ is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 19.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,300 | 0.8% |
% Under 18 | 24.1% | -13.0% |
% Seniors | 18.3% | 10.2% |
% WFH | 9.6% | 140.0% |
% w/ College Degree | 19.4% | 30.2% |
As of the latest ACS Survey released in 2023, Casa Grande, AZ is a predominantly hispanic area, with 44.0% of the population identifying as hispanic. The hispanic population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Casa Grande, AZ is white, making up 42.2% of the population. Foreign-born residents account for 11.7% of the population in Casa Grande, AZ, and this percentage has increased by 19.4% 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 | 42.2% | -1.6% |
% Black | 4.8% | 37.1% |
% Hispanic | 44.0% | -3.5% |
% Asian | 1.5% | -11.8% |
% Foreign Born | 11.7% | 19.4% |
Mortgage and Risk — Casa Grande, AZ
According to HUD data as of 2023, there were 1606 mortgage originations in Casa Grande, AZ, of which 50.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Casa Grande, AZ. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,606 |
% Conventional Loans | 50.0% |
% Government Loans | 50.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Casa Grande, AZ
As of 2024, the percent of homes in Casa Grande, AZ under the Section 8 program is 6.2%. 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 Casa Grande, 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 | 427 |
Total Units Section 8 | 403 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 79.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $1,190 | $1,440 |
| 2 Bedroom | $420 | $1,270 | $1,690 |
| 3 Bedroom | $590 | $1,700 | $2,290 |
| 4 Bedroom | $660 | $1,950 | $2,610 |
Affordability — Casa Grande, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $308,000 |
| Median Household Income | $64,200 |