El Mirage, AZ—85335
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — El Mirage, AZ
As of Oct '25, the median home price in El Mirage, AZ is $341,000, with a year-over-year change of -4.1%. This indicates that home prices in El Mirage, AZ are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $341,000 | -4.1% |
| Single Family | $341,000 | -4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $279,000 | -4.1% |
3 Bed | $332,000 | -4.6% |
4 Bed | $363,000 | -4.2% |
| 5 Bed | $417,000 | -3.0% |
% of Housing Stock
Rental Trends — El Mirage, AZ
As of July '25, Rentcast reports the average rent in El Mirage, AZ is $1,990, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in El Mirage, AZ is 1-bedrooms: $1,510, 2-bedrooms: $1,420, 3-bedrooms: $2,030, 4-bedrooms: $2,180. The most common rental property sizes in El Mirage, AZ are 3-bedroom and 4-bedroom, accounting for 57.0% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,990 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,420 | $1,510 |
| 2 Bed Rent | $1,250 | $1,420 |
| 3 Bed Rent | $1,800 | $2,030 |
| 4 Bed Rent | $2,080 | $2,180 |
% of Rental Stock
Property Listings — El Mirage, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in El Mirage, AZ is 45. 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 54.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $367,000 | -3.0% |
Listing Count | 89 | 17.0% |
| Listings as % of Homes | 0.6% | 17.0% |
Days on Market | 45 | -15.0% |
Demographics — El Mirage, AZ
As of the latest ACS Survey released in 2023, El Mirage, AZ has a population of 35,800, which has increased by 2.3% over the past 5 years. El Mirage, AZ is a popular place for families, as children make up 27.9% of the population. The area has a poorly educated workforce, with 14.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,800 | 2.3% |
% Under 18 | 27.9% | -12.8% |
% Seniors | 10.1% | 26.2% |
% WFH | 13.4% | 306.1% |
% w/ College Degree | 14.9% | -2.6% |
As of the latest ACS Survey released in 2023, El Mirage, AZ is a predominantly hispanic area, with 49.9% of the population identifying as hispanic. The hispanic population has grown by 7.5% in the last 5 years. The second most common race or ethnicity in El Mirage, AZ is white, making up 34.9% of the population. Foreign-born residents account for 14.9% of the population in El Mirage, AZ, and this percentage has increased by 12.9% 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 | 34.9% | -12.5% |
% Black | 7.0% | -24.7% |
% Hispanic | 49.9% | 7.5% |
% Asian | 0.9% | -52.6% |
% Foreign Born | 14.9% | 12.9% |
Mortgage and Risk — El Mirage, AZ
According to HUD data as of 2023, there were 311 mortgage originations in El Mirage, AZ, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in El Mirage, AZ. Investor activity is low, as 9.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 311 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — El Mirage, AZ
As of 2024, the percent of homes in El Mirage, AZ under the Section 8 program is 4.8%. 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 El Mirage, 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 | 171 |
Total Units Section 8 | 131 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | 81.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,420 | $1,620 |
| 2 Bedroom | $630 | $1,250 | $1,880 |
| 3 Bedroom | $730 | $1,800 | $2,530 |
| 4 Bedroom | $750 | $2,080 | $2,830 |
Affordability — El Mirage, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $341,000 |
| Median Household Income | $74,800 |