Litchfield Park, AZ—85340
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Litchfield Park, AZ
As of Oct '25, the median home price in Litchfield Park, AZ is $514,000, with a year-over-year change of -2.3%. This indicates that home prices in Litchfield Park, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $514,000 | -2.3% |
| Single Family | $517,000 | -1.9% |
| Condos | $332,000 | -2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $370,000 | 6.9% |
3 Bed | $460,000 | -1.9% |
4 Bed | $526,000 | -2.4% |
| 5 Bed | $710,000 | -1.0% |
% of Housing Stock
Rental Trends — Litchfield Park, AZ
As of July '25, Rentcast reports the average rent in Litchfield Park, AZ is $2,490, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Litchfield Park, AZ is 1-bedrooms: $1,580, 2-bedrooms: $2,120, 3-bedrooms: $2,420, 4-bedrooms: $2,660. The most common rental property sizes in Litchfield Park, AZ are 4-bedroom and 3-bedroom, accounting for 32.3% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,490 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,580 |
| 2 Bed Rent | $2,000 | $2,120 |
| 3 Bed Rent | $2,150 | $2,420 |
| 4 Bed Rent | $2,400 | $2,660 |
% of Rental Stock
Property Listings — Litchfield Park, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Litchfield Park, AZ is 69. This is a increase of 33.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $580,000 | 1.0% |
Listing Count | 295 | 25.0% |
| Listings as % of Homes | 1.5% | 25.0% |
Days on Market | 69 | 33.0% |
Demographics — Litchfield Park, AZ
As of the latest ACS Survey released in 2023, Litchfield Park, AZ has a population of 38,900, which has increased by 15.9% over the past 5 years. Litchfield Park, AZ is a popular place for families, as children make up 26.1% of the population. The area has a moderately educated workforce, with 37.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,900 | 15.9% |
% Under 18 | 26.1% | -7.8% |
% Seniors | 12.3% | -2.4% |
% WFH | 21.0% | 156.1% |
% w/ College Degree | 37.4% | 10.0% |
As of the latest ACS Survey released in 2023, Litchfield Park, AZ is a predominantly white area, with 48.1% of the population identifying as white. The white population has shrunk by 19.4% in the last 5 years. The second most common race or ethnicity in Litchfield Park, AZ is hispanic, making up 34.8% of the population. Foreign-born residents account for 12.3% of the population in Litchfield Park, AZ, and this percentage has increased by 6.0% 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 | 48.1% | -19.4% |
% Black | 5.7% | -9.5% |
% Hispanic | 34.8% | 35.4% |
% Asian | 3.7% | -14.0% |
% Foreign Born | 12.3% | 6.0% |
Mortgage and Risk — Litchfield Park, AZ
According to HUD data as of 2023, there were 1589 mortgage originations in Litchfield Park, AZ, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Litchfield Park, 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 | 1,589 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Litchfield Park, AZ
As of 2024, the percent of homes in Litchfield Park, AZ under the Section 8 program is 1.1%. 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 Litchfield Park, 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 | 29 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $640 | $1,500 | $2,140 |
| 2 Bedroom | $490 | $2,000 | $2,490 |
| 3 Bedroom | $1,200 | $2,150 | $3,350 |
| 4 Bedroom | $1,350 | $2,400 | $3,750 |
Affordability — Litchfield Park, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $514,000 |
| Median Household Income | $117,000 |