Eloy, AZ—85131
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eloy, AZ
As of Oct '25, the median home price in Eloy, AZ is $286,000, with a year-over-year change of -4.1%. This indicates that home prices in Eloy, AZ are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $286,000 | -4.1% |
| Single Family | $287,000 | -4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $376,000 | -1.3% |
3 Bed | $252,000 | -3.4% |
4 Bed | $269,000 | -2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Eloy, AZ
As of July '25, Rentcast reports the average rent in Eloy, AZ is $1,460, with a year-over-year rent change of -12.6%. Per bedroom, the median rent as of July '25 in Eloy, AZ is studios: $812, 1-bedrooms: $830, 2-bedrooms: $1,680, 3-bedrooms: $1,590, 4-bedrooms: $1,560. The most common rental property sizes in Eloy, AZ are 3-bedroom and 2-bedroom, accounting for 39.6% and 38.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,460 |
| Studio Rent | $745 | $812 |
| 1 Bed Rent | $825 | $830 |
| 2 Bed Rent | $1,250 | $1,680 |
| 3 Bed Rent | $1,540 | $1,590 |
| 4 Bed Rent | $1,540 | $1,560 |
% of Rental Stock
Property Listings — Eloy, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Eloy, AZ is 54. This is a decrease of -14.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $345,000 | -8.0% |
Listing Count | 145 | 25.0% |
| Listings as % of Homes | 1.1% | 25.0% |
Days on Market | 54 | -14.0% |
Demographics — Eloy, AZ
As of the latest ACS Survey released in 2023, Eloy, AZ has a population of 18,200, which has decreased by -6.3% over the past 5 years. Eloy, AZ is a less popular place for families, as children make up 13.9% of the population. The area has a poorly educated workforce, with 12.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,200 | -6.3% |
% Under 18 | 13.9% | 4.5% |
% Seniors | 18.3% | 66.4% |
% WFH | 7.5% | 134.4% |
% w/ College Degree | 12.7% | 56.8% |
As of the latest ACS Survey released in 2023, Eloy, AZ is a predominantly hispanic area, with 46.7% of the population identifying as hispanic. The hispanic population has shrunk by 16.6% in the last 5 years. The second most common race or ethnicity in Eloy, AZ is white, making up 36.1% of the population. Foreign-born residents account for 15.7% of the population in Eloy, AZ, and this percentage has decreased by 18.7% 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 | 36.1% | 33.2% |
% Black | 7.8% | -6.0% |
% Hispanic | 46.7% | -16.6% |
% Asian | 0.9% | -60.9% |
% Foreign Born | 15.7% | -18.7% |
Mortgage and Risk — Eloy, AZ
According to HUD data as of 2023, there were 335 mortgage originations in Eloy, AZ, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Eloy, AZ. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 335 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Eloy, AZ
As of 2024, the percent of homes in Eloy, AZ under the Section 8 program is 14.9%. 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 Eloy, 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 | 224 |
Total Units Section 8 | 194 |
% Rentals under Section 8 | 14.9% |
% Occupied Section 8 | 79.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $615 | $825 | $1,440 |
| 2 Bedroom | $440 | $1,250 | $1,690 |
| 3 Bedroom | $750 | $1,540 | $2,290 |
| 4 Bedroom | $1,070 | $1,540 | $2,610 |
Affordability — Eloy, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $286,000 |
| Median Household Income | $55,100 |