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Peoria, AZ—85381

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$446,000
4.2% YoY Growth
Household Income
$94,400
19.8% YoY Growth
Days on Market
63
16.0% Longer YoY
Home Price Forecast
0.3%
Median Rent
$2,000
6.3% YoY Growth
1-Bed Rent
$1,220
22.7% YoY Growth
2-Bed Rent
$1,580
8.6% YoY Growth
3-Bed Rent
$2,100
8.5% YoY Growth

Other Zip Codes in Peoria, AZ

853458538385382
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Peoria, AZ

As of Dec '25, the median home price in Peoria, AZ is $446,000, with a year-over-year change of -4.2%. This indicates that home prices in Peoria, 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
$446,000-4.2%
Single Family $451,000-4.0%
Condos $218,000-4.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$271,000-5.6%
    3 Bed
    		$413,000-4.4%
    4 Bed
    		$491,000-3.7%
    5 Bed $624,165-1.6%
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    % of Housing Stock

    Studio
    3.2%
    1 Bedroom
    11.0%
    2 Bedrooms
    20.1%
    3 Bedrooms
    30.7%
    4 Bedrooms
    27.4%
    5+ Bedrooms
    7.6%

    Rental Trends — Peoria, AZ

    As of July '25, Rentcast reports the average rent in Peoria, AZ is $2,080, with a year-over-year rent change of -6.3%. Per bedroom, the median rent as of July '25 in Peoria, AZ is studios: $1,420, 1-bedrooms: $1,190, 2-bedrooms: $1,890, 3-bedrooms: $2,250, 4-bedrooms: $2,630. The most common rental property sizes in Peoria, AZ are 2-bedroom and 1-bedroom, accounting for 38.3% and 26.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,000$2,080
    Studio Rent $1,250$1,420
    1 Bed Rent $1,220$1,190
    2 Bed Rent $1,580$1,890
    3 Bed Rent $2,100$2,250
    4 Bed Rent $2,600$2,630
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    % of Rental Stock

    Studio
    10.1%
    1 Bedroom
    26.8%
    2 Bedrooms
    38.3%
    3 Bedrooms
    15.2%
    4 Bedrooms
    9.7%

    Property Listings — Peoria, AZ

    As of Dec '25, Realtor.com reports that the median days on market for a home in Peoria, AZ is 49. This is a increase of 17.0% 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$462,000-12.0%
    Listing Count
    		9753.0%
    Listings as % of Homes0.4%53.0%
    Days on Market
    		6316.0%
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    Demographics — Peoria, AZ

    As of the latest ACS Survey released in 2023, Peoria, AZ has a population of 26,900, which has increased by 5.7% over the past 5 years. Peoria, AZ is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 33.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		26,9005.7%
    % Under 18
    		18.5%1.1%
    % Seniors
    		19.7%7.1%
    % WFH
    		18.6%204.9%
    % w/ College Degree
    		33.7%11.6%
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    As of the latest ACS Survey released in 2023, Peoria, AZ is a predominantly white area, with 69.4% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Peoria, AZ is hispanic, making up 21.2% of the population. Foreign-born residents account for 7.0% of the population in Peoria, AZ, and this percentage has decreased by 19.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		69.4%-2.1%
    % Black
    		2.8%-22.2%
    % Hispanic
    		21.2%27.7%
    % Asian
    		2.9%-39.6%
    % Foreign Born
    		7.0%-19.5%
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    Mortgage and Risk — Peoria, AZ

    According to HUD data as of 2023, there were 504 mortgage originations in Peoria, AZ, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Peoria, AZ. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		504
    % Conventional Loans
    		80.0%
    % Government Loans
    		20.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Peoria, AZ

    As of 2024, the percent of homes in Peoria, AZ under the Section 8 program is 0.9%. 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 Peoria, 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
    		54
    Total Units Section 8
    		48
    % Rentals under Section 8
    		0.9%
    % Occupied Section 8
    		83.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$550$1,220$1,770
    2 Bedroom$480$1,580$2,060
    3 Bedroom$670$2,100$2,770
    4 Bedroom$500$2,600$3,100

    Affordability — Peoria, AZ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.8
    Median Home Price$446,000
    Median Household Income$94,400

    Peoria, AZ — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Peoria, AZ

    85345

    Peoria, AZ

    85382

    Sun City, AZ

    85351

    Glendale, AZ

    85304

    Glendale, AZ

    85306

    Frequently Asked Questions