Black Canyon City, AZ 85324 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Black Canyon City, AZ—85324

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$366,000

0.6% YoY Growth

Household Income

$69,700

79.7% YoY Growth

Days on Market

51

14.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$2,250

27.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,100

N/A

3-Bed Rent

$2,300

53.3% YoY Growth

Home Price Trends — Black Canyon City, AZ

Black Canyon City, AZ lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$366,000	-0.6%
Single Family	$366,000	0.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Black Canyon City, AZ

As of July '25, Rentcast reports the average rent in Black Canyon City, AZ is $1,880, with a year-over-year rent change of 27.0%. Per bedroom, the median rent as of July '25 in Black Canyon City, AZ is 2-bedrooms: $1,100, 3-bedrooms: $2,300, 4-bedrooms: $2,250. The most common rental property sizes in Black Canyon City, AZ are 1-bedroom and 2-bedroom, accounting for 62.6% and 18.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,250	$1,880
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,100	$1,100
3 Bed Rent	$2,300	$2,300
4 Bed Rent	$2,250	$2,250

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% of Rental Stock

1 Bedroom

62.6%

2 Bedrooms

18.7%

3 Bedrooms

18.7%

Property Listings — Black Canyon City, AZ

As of Dec '25, Realtor.com reports that the median days on market for a home in Black Canyon City, AZ is 29. This is a decrease of -22.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$506,000	-16.0%
Listing Count	12	65.0%
Listings as % of Homes	0.6%	65.0%
Days on Market	51	-14.0%

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Demographics — Black Canyon City, AZ

As of the latest ACS Survey released in 2023, Black Canyon City, AZ has a population of 2,300, which has decreased by -27.6% over the past 5 years. Black Canyon City, AZ is a less popular place for families, as children make up 3.7% of the population. The area has a poorly educated workforce, with 19.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,300	-27.6%
% Under 18	3.7%	-58.9%
% Seniors	32.4%	2.2%
% WFH	23.0%	75.6%
% w/ College Degree	19.9%	59.2%

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As of the latest ACS Survey released in 2023, Black Canyon City, AZ is a predominantly white area, with 91.2% of the population identifying as white. The white population has grown by 4.9% in the last 5 years. The second most common race or ethnicity in Black Canyon City, AZ is hispanic, making up 2.8% of the population. Foreign-born residents account for 0.8% of the population in Black Canyon City, AZ, and this percentage has decreased by 60.0% 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	91.2%	4.9%
% Black	0.0%	N/A
% Hispanic	2.8%	-72.8%
% Asian	0.0%	N/A
% Foreign Born	0.8%	-60.0%

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Mortgage and Risk — Black Canyon City, AZ

According to HUD data as of 2023, there were 215 mortgage originations in Black Canyon City, AZ, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Black Canyon City, AZ. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	215
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	2.0%
% Second Loans	13.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Black Canyon City, AZ

Black Canyon City, 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	$1,030
2 Bedroom	$170	$1,100	$1,270
3 Bedroom	-$550	$2,300	$1,750
4 Bedroom	-$200	$2,250	$2,050

Black Canyon City, AZ—85324

Key Metrics at a Glance

Home Price Trends — Black Canyon City, AZ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Black Canyon City, AZ

% of Rental Stock

Property Listings — Black Canyon City, AZ

Demographics — Black Canyon City, AZ

Race and Ethnicity

Mortgage and Risk — Black Canyon City, AZ

Mortgages

Rentals and Section 8 — Black Canyon City, AZ

Section 8 Market Size

Section 8 Opportunity

Affordability — Black Canyon City, AZ

Home Price to Income Ratio

Black Canyon City, AZ — ZIP Code Boundary Map

Nearby ZIP Codes

New River, AZ

Mayer, AZ

Crown King

Cave Creek, AZ

Anthem, AZ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.2
Median Home Price	$366,000
Median Household Income	$69,700

Black Canyon City, AZ—85324

Key Metrics at a Glance

Home Price Trends — Black Canyon City, AZ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Black Canyon City, AZ

% of Rental Stock

Property Listings — Black Canyon City, AZ

Demographics — Black Canyon City, AZ

Race and Ethnicity

Mortgage and Risk — Black Canyon City, AZ

Mortgages

Rentals and Section 8 — Black Canyon City, AZ

Section 8 Market Size

Section 8 Opportunity

Affordability — Black Canyon City, AZ

Home Price to Income Ratio

Black Canyon City, AZ — ZIP Code Boundary Map

Nearby ZIP Codes

New River, AZ

Mayer, AZ

Crown King

Cave Creek, AZ

Anthem, AZ

Frequently Asked Questions

What is the average home price in Black Canyon City, AZ 85324?

How have home prices in Black Canyon City, AZ 85324 changed over the past year?

What is the home price projection for Black Canyon City, AZ 85324?

What are the demographics of Black Canyon City, AZ 85324?

How long does it take homes to sell in Black Canyon City, AZ 85324?

What is the average rent price in Black Canyon City, AZ 85324?