Kelvin, AZ—85137
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kelvin, AZ
As of Oct '25, the median home price in Kelvin, AZ is $162,000, with a year-over-year change of -11.5%. This indicates that home prices in Kelvin, AZ are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $162,000 | -11.5% |
| Single Family | $163,000 | -10.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $176,000 | -4.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Kelvin, AZ
As of July '25, Rentcast reports the average rent in Kelvin, AZ is $1,600, with a year-over-year rent change of -27.3%. Per bedroom, the median rent as of July '25 in Kelvin, AZ is 4-bedrooms: $1,600. The most common rental property sizes in Kelvin, AZ are 3-bedroom and 1-bedroom, accounting for 47.6% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,600 | $1,600 |
% of Rental Stock
Property Listings — Kelvin, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Kelvin, AZ is 60. This is a decrease of -33.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $178,000 | 9.0% |
Listing Count | 10 | -22.0% |
| Listings as % of Homes | 0.8% | -22.0% |
Days on Market | 60 | -33.0% |
Demographics — Kelvin, AZ
As of the latest ACS Survey released in 2023, Kelvin, AZ has a population of 2,530, which has decreased by -1.7% over the past 5 years. Kelvin, AZ is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 8.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,530 | -1.7% |
% Under 18 | 22.2% | -9.8% |
% Seniors | 26.8% | 20.7% |
% WFH | 15.7% | ∞% |
% w/ College Degree | 8.0% | -44.1% |
As of the latest ACS Survey released in 2023, Kelvin, AZ is a predominantly white area, with 60.6% of the population identifying as white. The white population has grown by 31.2% in the last 5 years. The second most common race or ethnicity in Kelvin, AZ is hispanic, making up 37.8% of the population. Foreign-born residents account for 4.1% of the population in Kelvin, AZ, and this percentage has decreased by 18.0% 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 | 60.6% | 31.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 37.8% | -14.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 4.1% | -18.0% |
Mortgage and Risk — Kelvin, AZ
According to HUD data as of 2023, there were 37 mortgage originations in Kelvin, AZ, of which 46.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Kelvin, AZ. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 37 |
% Conventional Loans | 46.0% |
% Government Loans | 54.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Kelvin, AZ
Kelvin, AZ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,500 |
| 2 Bedroom | N/A | N/A | $1,740 |
| 3 Bedroom | N/A | N/A | $2,340 |
| 4 Bedroom | $1,020 | $1,600 | $2,620 |
Affordability — Kelvin, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $162,000 |
| Median Household Income | $60,800 |