Goodyear, AZ—85395
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 $542,000, with a year-over-year change of -2.2%. This indicates that home prices in Goodyear, 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 | $542,000 | -2.2% |
| Single Family | $543,000 | -2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $488,000 | -2.8% |
3 Bed | $488,000 | -2.8% |
4 Bed | $572,000 | -1.9% |
| 5 Bed | $668,000 | -1.0% |
% of Housing Stock
Rental Trends — Goodyear, AZ
As of July '25, Rentcast reports the average rent in Goodyear, AZ is $2,560, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Goodyear, AZ is studios: $1,230, 1-bedrooms: $1,430, 2-bedrooms: $2,780, 3-bedrooms: $2,530, 4-bedrooms: $2,740. The most common rental property sizes in Goodyear, AZ are 2-bedroom and 1-bedroom, accounting for 33.4% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,240 | $2,560 |
| Studio Rent | $1,150 | $1,230 |
| 1 Bed Rent | $1,370 | $1,430 |
| 2 Bed Rent | $2,200 | $2,780 |
| 3 Bed Rent | $2,200 | $2,530 |
| 4 Bed Rent | $2,550 | $2,740 |
% 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 50. This is a increase of 11.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $552,000 | -3.0% |
Listing Count | 225 | 12.0% |
| Listings as % of Homes | 1.1% | 12.0% |
Days on Market | 50 | 11.0% |
Demographics — Goodyear, AZ
As of the latest ACS Survey released in 2023, Goodyear, AZ has a population of 38,700, which has increased by 30.3% over the past 5 years. Goodyear, AZ is a moderately popular place for families, as children make up 16.2% of the population. The area has a moderately educated workforce, with 39.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,700 | 30.3% |
% Under 18 | 16.2% | -16.1% |
% Seniors | 25.6% | 11.3% |
% WFH | 21.7% | 143.8% |
% w/ College Degree | 39.9% | 13.4% |
As of the latest ACS Survey released in 2023, Goodyear, AZ is a predominantly white area, with 60.4% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Goodyear, AZ is hispanic, making up 24.0% of the population. Foreign-born residents account for 8.7% of the population in Goodyear, AZ, and this percentage has decreased by 31.0% 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 | 60.4% | 0.5% |
% Black | 5.8% | -17.1% |
% Hispanic | 24.0% | 21.2% |
% Asian | 3.9% | -46.6% |
% Foreign Born | 8.7% | -31.0% |
Mortgage and Risk — Goodyear, AZ
According to HUD data as of 2023, there were 270 mortgage originations in Goodyear, AZ, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Goodyear, AZ. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 270 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Goodyear, AZ
As of 2024, the percent of homes in Goodyear, AZ under the Section 8 program is 0.3%. 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 | 19 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $770 | $1,370 | $2,140 |
| 2 Bedroom | $290 | $2,200 | $2,490 |
| 3 Bedroom | $1,150 | $2,200 | $3,350 |
| 4 Bedroom | $1,200 | $2,550 | $3,750 |
Affordability — Goodyear, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $542,000 |
| Median Household Income | $108,000 |