Cholla District, Phoenix, AZ—85310
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cholla District, Phoenix, AZ
As of Oct '25, the median home price in Cholla District, Phoenix, AZ is $533,000, with a year-over-year change of -2.8%. This indicates that home prices in Cholla District, Phoenix, AZ are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $533,000 | -2.8% |
| Single Family | $533,000 | -2.6% |
| 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 | $438,000 | -3.7% |
4 Bed | $588,000 | -2.2% |
| 5 Bed | $808,000 | -1.2% |
% of Housing Stock
Rental Trends — Cholla District, Phoenix, AZ
As of July '25, Rentcast reports the average rent in Cholla District, Phoenix, AZ is $3,110, with a year-over-year rent change of 7.6%. Per bedroom, the median rent as of July '25 in Cholla District, Phoenix, AZ is 1-bedrooms: $850, 3-bedrooms: $2,270, 4-bedrooms: $3,610. The most common rental property sizes in Cholla District, Phoenix, AZ are 3-bedroom and 4-bedroom, accounting for 56.2% and 41.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,480 | $3,110 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,200 | $2,270 |
| 4 Bed Rent | $2,900 | $3,610 |
% of Rental Stock
Property Listings — Cholla District, Phoenix, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Cholla District, Phoenix, AZ is 38. This is a decrease of -5.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $742,000 | 2.0% |
Listing Count | 73 | 4.0% |
| Listings as % of Homes | 0.7% | 4.0% |
Days on Market | 38 | -5.0% |
Demographics — Cholla District, Phoenix, AZ
As of the latest ACS Survey released in 2023, Cholla District, Phoenix, AZ has a population of 19,600, which has remained stable by -0.2% over the past 5 years. Cholla District, Phoenix, AZ is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 44.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,600 | -0.2% |
% Under 18 | 24.3% | 8.5% |
% Seniors | 14.4% | 29.7% |
% WFH | 23.7% | 166.3% |
% w/ College Degree | 44.7% | 12.9% |
As of the latest ACS Survey released in 2023, Cholla District, Phoenix, AZ is a predominantly white area, with 79.0% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Cholla District, Phoenix, AZ is hispanic, making up 9.0% of the population. Foreign-born residents account for 8.6% of the population in Cholla District, Phoenix, AZ, and this percentage has increased by 28.4% 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 | 79.0% | -2.2% |
% Black | 2.6% | 85.7% |
% Hispanic | 9.0% | -19.6% |
% Asian | 2.9% | -40.8% |
% Foreign Born | 8.6% | 28.4% |
Mortgage and Risk — Cholla District, Phoenix, AZ
According to HUD data as of 2023, there were 375 mortgage originations in Cholla District, Phoenix, AZ, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Cholla District, Phoenix, AZ. Investor activity is low, as 2.0% 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 | 375 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Cholla District, Phoenix, AZ
Cholla District, Phoenix, AZ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,550 | $850 | $2,400 |
| 2 Bedroom | N/A | N/A | $2,790 |
| 3 Bedroom | $1,550 | $2,200 | $3,750 |
| 4 Bedroom | $1,300 | $2,900 | $4,200 |
Affordability — Cholla District, Phoenix, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $533,000 |
| Median Household Income | $117,000 |