Scottsdale, AZ—85257
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Scottsdale, AZ
As of Oct '25, the median home price in Scottsdale, AZ is $542,000, with a year-over-year change of -4.6%. This indicates that home prices in Scottsdale, AZ are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $542,000 | -4.6% |
| Single Family | $564,000 | -4.7% |
| Condos | $245,000 | -3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $300,000 | -7.7% |
3 Bed | $589,000 | -4.4% |
4 Bed | $680,000 | -3.4% |
| 5 Bed | $792,000 | -1.0% |
% of Housing Stock
Rental Trends — Scottsdale, AZ
As of July '25, Rentcast reports the average rent in Scottsdale, AZ is $2,920, with a year-over-year rent change of 2.5%. Per bedroom, the median rent as of July '25 in Scottsdale, AZ is studios: $1,300, 1-bedrooms: $1,420, 2-bedrooms: $1,950, 3-bedrooms: $3,420, 4-bedrooms: $4,080. The most common rental property sizes in Scottsdale, AZ are 2-bedroom and 1-bedroom, accounting for 36.6% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,920 |
| Studio Rent | $1,360 | $1,300 |
| 1 Bed Rent | $1,400 | $1,420 |
| 2 Bed Rent | $1,900 | $1,950 |
| 3 Bed Rent | $3,300 | $3,420 |
| 4 Bed Rent | $4,000 | $4,080 |
% of Rental Stock
Property Listings — Scottsdale, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Scottsdale, AZ is 55. This is a increase of 32.0% from last year, suggesting that homes are sitting on the market longer 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 | $632,000 | -6.0% |
Listing Count | 174 | 24.0% |
| Listings as % of Homes | 0.7% | 24.0% |
Days on Market | 55 | 32.0% |
Demographics — Scottsdale, AZ
As of the latest ACS Survey released in 2023, Scottsdale, AZ has a population of 29,100, which has decreased by -12.9% over the past 5 years. Scottsdale, AZ is a less popular place for families, as children make up 11.1% of the population. The area has a highly educated workforce, with 46.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,100 | -12.9% |
% Under 18 | 11.1% | -11.2% |
% Seniors | 20.5% | 22.8% |
% WFH | 19.3% | 244.6% |
% w/ College Degree | 46.1% | 23.6% |
As of the latest ACS Survey released in 2023, Scottsdale, AZ is a predominantly white area, with 69.9% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Scottsdale, AZ is hispanic, making up 16.0% of the population. Foreign-born residents account for 8.2% of the population in Scottsdale, AZ, and this percentage has decreased by 19.6% 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 | 69.9% | 1.7% |
% Black | 4.2% | 68.0% |
% Hispanic | 16.0% | -20.8% |
% Asian | 3.4% | 0.0% |
% Foreign Born | 8.2% | -19.6% |
Mortgage and Risk — Scottsdale, AZ
According to HUD data as of 2023, there were 446 mortgage originations in Scottsdale, AZ, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Scottsdale, AZ. Investor activity is low, as 6.0% 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 | 446 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 6.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Scottsdale, AZ
As of 2024, the percent of homes in Scottsdale, AZ under the Section 8 program is 7.2%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Scottsdale, AZ, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 417 |
Total Units Section 8 | 370 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 81.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $480 | $1,400 | $1,880 |
| 2 Bedroom | $280 | $1,900 | $2,180 |
| 3 Bedroom | -$370 | $3,300 | $2,930 |
| 4 Bedroom | -$720 | $4,000 | $3,280 |
Affordability — Scottsdale, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $542,000 |
| Median Household Income | $79,800 |