Goodyear, AZ—85338
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Goodyear, AZ
Home Price Trends — Goodyear, AZ
As of Oct '25, the median home price in Goodyear, AZ is $435,000, with a year-over-year change of -3.0%. This indicates that home prices in Goodyear, 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 | $435,000 | -3.0% |
| Single Family | $436,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $366,000 | -3.7% |
3 Bed | $405,000 | -3.3% |
4 Bed | $454,000 | -3.0% |
| 5 Bed | $552,000 | -1.8% |
% of Housing Stock
Rental Trends — Goodyear, AZ
As of July '25, Rentcast reports the average rent in Goodyear, AZ is $2,360, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Goodyear, AZ is studios: $1,150, 1-bedrooms: $1,440, 2-bedrooms: $1,960, 3-bedrooms: $2,390, 4-bedrooms: $2,660. The most common rental property sizes in Goodyear, AZ are 3-bedroom and 2-bedroom, accounting for 36.5% and 19.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,360 |
| Studio Rent | $1,150 | $1,150 |
| 1 Bed Rent | $1,350 | $1,440 |
| 2 Bed Rent | $1,900 | $1,960 |
| 3 Bed Rent | $2,150 | $2,390 |
| 4 Bed Rent | $2,300 | $2,660 |
% of Rental Stock
Property Listings — Goodyear, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Goodyear, AZ is 57. This is a increase of 15.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $483,000 | -2.0% |
Listing Count | 439 | 10.0% |
| Listings as % of Homes | 1.4% | 10.0% |
Days on Market | 57 | 15.0% |
Demographics — Goodyear, AZ
As of the latest ACS Survey released in 2023, Goodyear, AZ has a population of 64,400, which has increased by 32.8% over the past 5 years. Goodyear, AZ is a popular place for families, as children make up 25.9% of the population. The area has a moderately educated workforce, with 32.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 64,400 | 32.8% |
% Under 18 | 25.9% | -7.8% |
% Seniors | 13.4% | 18.6% |
% WFH | 18.6% | 169.6% |
% w/ College Degree | 32.2% | 25.3% |
As of the latest ACS Survey released in 2023, Goodyear, AZ is a predominantly white area, with 48.3% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Goodyear, AZ is hispanic, making up 38.6% of the population. Foreign-born residents account for 10.1% of the population in Goodyear, AZ, and this percentage has decreased by 17.2% 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 | 48.3% | -4.9% |
% Black | 5.9% | -34.4% |
% Hispanic | 38.6% | 14.9% |
% Asian | 2.9% | -12.1% |
% Foreign Born | 10.1% | -17.2% |
Mortgage and Risk — Goodyear, AZ
According to HUD data as of 2023, there were 637 mortgage originations in Goodyear, AZ, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Goodyear, AZ. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 637 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Goodyear, AZ
As of 2024, the percent of homes in Goodyear, AZ under the Section 8 program is 1.0%. 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 Goodyear, 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 | 69 |
Total Units Section 8 | 69 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $630 | $1,350 | $1,980 |
| 2 Bedroom | $400 | $1,900 | $2,300 |
| 3 Bedroom | $940 | $2,150 | $3,090 |
| 4 Bedroom | $1,160 | $2,300 | $3,460 |
Affordability — Goodyear, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $435,000 |
| Median Household Income | $99,300 |