View in Interactive Map

Peoria, AZ—85383

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$633,000
1.6% YoY Growth
Household Income
$139,000
23.0% YoY Growth
Days on Market
70
1.0% Longer YoY
Home Price Forecast
0.7%
Median Rent
$2,550
0.4% YoY Growth
1-Bed Rent
$1,450
3.4% YoY Growth
2-Bed Rent
$2,750
1.4% YoY Growth
3-Bed Rent
$2,350
2.3% YoY Growth

Other Zip Codes in Peoria, AZ

853818534585382
  • 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 $633,000, with a year-over-year change of -1.6%. This indicates that home prices in Peoria, AZ are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$633,000-1.6%
Single Family $633,000-1.4%
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
    		$585,000-3.0%
    3 Bed
    		$541,000-2.2%
    4 Bed
    		$639,000-1.4%
    5 Bed $771,089-0.8%
    Loading chart...

    % of Housing Stock

    Studio
    0.2%
    1 Bedroom
    1.7%
    2 Bedrooms
    11.3%
    3 Bedrooms
    35.3%
    4 Bedrooms
    36.2%
    5+ Bedrooms
    15.4%

    Rental Trends — Peoria, AZ

    As of July '25, Rentcast reports the average rent in Peoria, AZ is $2,800, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Peoria, AZ is 1-bedrooms: $1,410, 2-bedrooms: $2,810, 3-bedrooms: $2,540, 4-bedrooms: $2,930. The most common rental property sizes in Peoria, AZ are 4-bedroom and 3-bedroom, accounting for 40.4% and 23.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,550$2,800
    Studio Rent N/AN/A
    1 Bed Rent $1,450$1,410
    2 Bed Rent $2,750$2,810
    3 Bed Rent $2,350$2,540
    4 Bed Rent $2,700$2,930
    Loading chart...

    % of Rental Stock

    1 Bedroom
    13.6%
    2 Bedrooms
    11.3%
    3 Bedrooms
    23.4%
    4 Bedrooms
    40.4%
    5+ Bedrooms
    11.3%

    Property Listings — Peoria, AZ

    As of Dec '25, Realtor.com reports that the median days on market for a home in Peoria, AZ is 59. This is a increase of 12.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$675,0000.0%
    Listing Count
    		4346.0%
    Listings as % of Homes1.3%6.0%
    Days on Market
    		701.0%
    Loading chart...

    Demographics — Peoria, AZ

    As of the latest ACS Survey released in 2023, Peoria, AZ has a population of 72,100, which has increased by 43.3% over the past 5 years. Peoria, AZ is a popular place for families, as children make up 27.9% of the population. The area has a highly educated workforce, with 50.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		72,10043.3%
    % Under 18
    		27.9%-6.7%
    % Seniors
    		16.1%36.4%
    % WFH
    		24.5%114.9%
    % w/ College Degree
    		50.7%10.9%
    Loading chart...

    As of the latest ACS Survey released in 2023, Peoria, AZ is a predominantly white area, with 73.0% 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 Peoria, AZ is hispanic, making up 9.9% of the population. Foreign-born residents account for 10.6% of the population in Peoria, AZ, and this percentage has increased by 45.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		73.0%-4.9%
    % Black
    		2.8%16.7%
    % Hispanic
    		9.9%-15.4%
    % Asian
    		8.6%68.6%
    % Foreign Born
    		10.6%45.2%
    Loading chart...

    Mortgage and Risk — Peoria, AZ

    According to HUD data as of 2023, there were 1109 mortgage originations in Peoria, AZ, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Peoria, AZ. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		1,109
    % Conventional Loans
    		91.0%
    % Government Loans
    		9.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		11.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Peoria, AZ

    Peoria, AZ lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		2
    Total Units Section 8
    		2
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$1,020$1,450$2,470
    2 Bedroom$120$2,750$2,870
    3 Bedroom$1,510$2,350$3,860
    4 Bedroom$1,620$2,700$4,320

    Affordability — Peoria, AZ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.5
    Median Home Price$633,000
    Median Household Income$139,000

    Peoria, AZ — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Sun City, AZ

    85373

    Sun City West, AZ

    85375

    Surprise, AZ

    85387

    Surprise, AZ

    85378

    Peoria, AZ

    85382

    Frequently Asked Questions