Avondale, AZ—85323
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Avondale, AZ
Home Price Trends — Avondale, AZ
As of Oct '25, the median home price in Avondale, AZ is $385,000, with a year-over-year change of -4.6%. This indicates that home prices in Avondale, AZ are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $385,000 | -4.6% |
| Single Family | $386,000 | -4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $258,000 | -3.7% |
3 Bed | $367,000 | -4.7% |
4 Bed | $401,000 | -4.8% |
| 5 Bed | $478,000 | -3.2% |
% of Housing Stock
Rental Trends — Avondale, AZ
As of July '25, Rentcast reports the average rent in Avondale, AZ is $1,990, with a year-over-year rent change of -4.3%. Per bedroom, the median rent as of July '25 in Avondale, AZ is studios: $938, 1-bedrooms: $1,230, 2-bedrooms: $1,410, 3-bedrooms: $2,060, 4-bedrooms: $2,210. The most common rental property sizes in Avondale, AZ are 3-bedroom and 4-bedroom, accounting for 31.4% and 21.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,990 |
| Studio Rent | $964 | $938 |
| 1 Bed Rent | $1,220 | $1,230 |
| 2 Bed Rent | $1,260 | $1,410 |
| 3 Bed Rent | $1,900 | $2,060 |
| 4 Bed Rent | $2,200 | $2,210 |
% of Rental Stock
Property Listings — Avondale, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Avondale, AZ is 70. This is a increase of 52.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $432,000 | 4.0% |
Listing Count | 164 | 16.0% |
| Listings as % of Homes | 1.1% | 16.0% |
Days on Market | 70 | 52.0% |
Demographics — Avondale, AZ
As of the latest ACS Survey released in 2023, Avondale, AZ has a population of 46,600, which has increased by 8.9% over the past 5 years. Avondale, AZ is a popular place for families, as children make up 28.2% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,600 | 8.9% |
% Under 18 | 28.2% | -7.2% |
% Seniors | 6.9% | -6.8% |
% WFH | 14.2% | 305.7% |
% w/ College Degree | 18.6% | 44.2% |
As of the latest ACS Survey released in 2023, Avondale, AZ is a predominantly hispanic area, with 59.9% of the population identifying as hispanic. The hispanic population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Avondale, AZ is white, making up 21.8% of the population. Foreign-born residents account for 19.2% of the population in Avondale, AZ, and this percentage has increased by 7.9% 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 | 21.8% | -9.5% |
% Black | 13.3% | 27.9% |
% Hispanic | 59.9% | -2.3% |
% Asian | 2.4% | 20.0% |
% Foreign Born | 19.2% | 7.9% |
Mortgage and Risk — Avondale, AZ
According to HUD data as of 2023, there were 652 mortgage originations in Avondale, AZ, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Avondale, AZ. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 652 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Avondale, AZ
As of 2024, the percent of homes in Avondale, AZ under the Section 8 program is 8.4%. 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 Avondale, 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 | 597 |
Total Units Section 8 | 489 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 82.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $1,220 | $1,720 |
| 2 Bedroom | $740 | $1,260 | $2,000 |
| 3 Bedroom | $790 | $1,900 | $2,690 |
| 4 Bedroom | $810 | $2,200 | $3,010 |
Affordability — Avondale, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $385,000 |
| Median Household Income | $79,900 |