Paradise Valley, AZ—85253
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Paradise Valley, AZ
As of Oct '25, the median home price in Paradise Valley, AZ is $2,995,000, with a year-over-year change of 10.0%. This indicates that home prices in Paradise Valley, AZ are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,995,000 | 10.0% |
| Single Family | $3,245,000 | 9.9% |
| Condos | $408,000 | -3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $492,000 | -3.5% |
3 Bed | $2,448,000 | 9.0% |
4 Bed | $3,275,000 | 9.3% |
| 5 Bed | $4,606,000 | 8.7% |
% of Housing Stock
Rental Trends — Paradise Valley, AZ
As of July '25, Rentcast reports the average rent in Paradise Valley, AZ is $3,350, with a year-over-year rent change of -16.9%. Per bedroom, the median rent as of July '25 in Paradise Valley, AZ is studios: $1,560, 1-bedrooms: $1,910, 2-bedrooms: $2,930, 3-bedrooms: $3,930, 4-bedrooms: $6,640. The most common rental property sizes in Paradise Valley, AZ are 2-bedroom and 1-bedroom, accounting for 48.7% and 21.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $3,350 |
| Studio Rent | $1,560 | $1,560 |
| 1 Bed Rent | $1,500 | $1,910 |
| 2 Bed Rent | $2,300 | $2,930 |
| 3 Bed Rent | $3,450 | $3,930 |
| 4 Bed Rent | $6,800 | $6,640 |
% of Rental Stock
Property Listings — Paradise Valley, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Paradise Valley, AZ is 47. This is a decrease of -15.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $5,000,000 | 4.0% |
Listing Count | 239 | -1.0% |
| Listings as % of Homes | 2.3% | -1.0% |
Days on Market | 47 | -15.0% |
Demographics — Paradise Valley, AZ
As of the latest ACS Survey released in 2023, Paradise Valley, AZ has a population of 17,200, which has decreased by -7.7% over the past 5 years. Paradise Valley, AZ is a moderately popular place for families, as children make up 15.9% of the population. The area has a highly educated workforce, with 70.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,200 | -7.7% |
% Under 18 | 15.9% | -14.5% |
% Seniors | 28.7% | 2.5% |
% WFH | 22.6% | 49.7% |
% w/ College Degree | 70.7% | 7.0% |
As of the latest ACS Survey released in 2023, Paradise Valley, AZ is a predominantly white area, with 78.0% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Paradise Valley, AZ is hispanic, making up 11.1% of the population. Foreign-born residents account for 15.0% of the population in Paradise Valley, AZ, and this percentage has increased by 35.1% 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 | 78.0% | -9.0% |
% Black | 0.3% | -80.0% |
% Hispanic | 11.1% | 117.6% |
% Asian | 5.5% | 14.6% |
% Foreign Born | 15.0% | 35.1% |
Mortgage and Risk — Paradise Valley, AZ
According to HUD data as of 2023, there were 286 mortgage originations in Paradise Valley, AZ, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Paradise Valley, AZ. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 286 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 4.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Paradise Valley, AZ
As of 2024, the percent of homes in Paradise Valley, AZ under the Section 8 program is 0.3%. 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 Paradise Valley, 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 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $880 | $1,500 | $2,380 |
| 2 Bedroom | $470 | $2,300 | $2,770 |
| 3 Bedroom | $280 | $3,450 | $3,730 |
| 4 Bedroom | -$2,630 | $6,800 | $4,170 |
Affordability — Paradise Valley, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 13.2 |
| Median Home Price | $2,995,000 |
| Median Household Income | $182,000 |