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El Mirage, AZ—85335

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$340,000
4.1% YoY Growth
Household Income
$74,800
36.8% YoY Growth
Days on Market
70
1.0% Longer YoY
Home Price Forecast
0.3%
Median Rent
$1,850
3.1% YoY Growth
1-Bed Rent
$1,420
43.8% YoY Growth
2-Bed Rent
$1,250
2.7% YoY Growth
3-Bed Rent
$1,800
9.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — El Mirage, AZ

As of Dec '25, the median home price in El Mirage, AZ is $340,000, 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 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$340,000-4.1%
Single Family $340,000-4.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$279,000-4.1%
    3 Bed
    		$331,000-4.3%
    4 Bed
    		$362,000-4.0%
    5 Bed $415,503-2.8%
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    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    4.7%
    2 Bedrooms
    11.3%
    3 Bedrooms
    47.7%
    4 Bedrooms
    31.5%
    5+ Bedrooms
    3.3%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,850$1,990
    Studio Rent N/AN/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
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    % of Rental Stock

    Studio
    4.1%
    1 Bedroom
    3.8%
    2 Bedrooms
    9.2%
    3 Bedrooms
    57.0%
    4 Bedrooms
    24.1%
    5+ Bedrooms
    1.9%

    Property Listings — El Mirage, AZ

    As of Dec '25, Realtor.com reports that the median days on market for a home in El Mirage, AZ is 54. This is a decrease of -11.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$363,000-3.0%
    Listing Count
    		7315.0%
    Listings as % of Homes0.6%15.0%
    Days on Market
    		701.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		35,8002.3%
    % Under 18
    		27.9%-12.8%
    % Seniors
    		10.1%26.2%
    % WFH
    		13.4%306.1%
    % w/ College Degree
    		14.9%-2.6%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.7
    Median Home Price$340,000
    Median Household Income$74,800

    El Mirage, AZ — ZIP Code Boundary Map

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    Frequently Asked Questions