Peoria, AZ—85382
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Peoria, AZ
As of Oct '25, the median home price in Peoria, AZ is $451,000, with a year-over-year change of -3.9%. This indicates that home prices in Peoria, 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 | $451,000 | -3.9% |
| Single Family | $456,000 | -4.0% |
| Condos | $327,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $388,000 | -3.2% |
3 Bed | $431,000 | -4.4% |
4 Bed | $505,000 | -3.8% |
| 5 Bed | $630,000 | -2.5% |
% of Housing Stock
Rental Trends — Peoria, AZ
As of July '25, Rentcast reports the average rent in Peoria, AZ is $2,380, with a year-over-year rent change of 3.0%. Per bedroom, the median rent as of July '25 in Peoria, AZ is studios: $1,800, 1-bedrooms: $1,410, 2-bedrooms: $2,430, 3-bedrooms: $2,260, 4-bedrooms: $2,750. The most common rental property sizes in Peoria, AZ are 2-bedroom and 3-bedroom, accounting for 40.4% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,160 | $2,380 |
| Studio Rent | $1,800 | $1,800 |
| 1 Bed Rent | $1,380 | $1,410 |
| 2 Bed Rent | $2,000 | $2,430 |
| 3 Bed Rent | $2,150 | $2,260 |
| 4 Bed Rent | $2,300 | $2,750 |
% of Rental Stock
Property Listings — Peoria, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Peoria, AZ is 46. This is a increase of 29.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $447,000 | -8.0% |
Listing Count | 196 | 21.0% |
| Listings as % of Homes | 0.8% | 21.0% |
Days on Market | 46 | 29.0% |
Demographics — Peoria, AZ
As of the latest ACS Survey released in 2023, Peoria, AZ has a population of 43,100, which has increased by 9.0% over the past 5 years. Peoria, AZ is a moderately popular place for families, as children make up 19.2% of the population. The area has a moderately educated workforce, with 37.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,100 | 9.0% |
% Under 18 | 19.2% | -13.1% |
% Seniors | 23.5% | 11.4% |
% WFH | 22.4% | 173.2% |
% w/ College Degree | 37.9% | 8.0% |
As of the latest ACS Survey released in 2023, Peoria, AZ is a predominantly white area, with 72.4% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Peoria, AZ is hispanic, making up 14.6% of the population. Foreign-born residents account for 12.0% of the population in Peoria, AZ, and this percentage has increased by 34.8% 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 | 72.4% | -7.9% |
% Black | 2.7% | 12.5% |
% Hispanic | 14.6% | 33.9% |
% Asian | 5.1% | -7.3% |
% Foreign Born | 12.0% | 34.8% |
Mortgage and Risk — Peoria, AZ
According to HUD data as of 2023, there were 743 mortgage originations in Peoria, AZ, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Peoria, AZ. Investor activity is low, as 3.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 743 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
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 | 43 |
Total Units Section 8 | 39 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $610 | $1,380 | $1,990 |
| 2 Bedroom | $310 | $2,000 | $2,310 |
| 3 Bedroom | $960 | $2,150 | $3,110 |
| 4 Bedroom | $1,180 | $2,300 | $3,480 |
Affordability — Peoria, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $451,000 |
| Median Household Income | $93,400 |