Globe, AZ—85501
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Globe, AZ
As of Oct '25, the median home price in Globe, AZ is $225,000, with a year-over-year change of -2.7%. This indicates that home prices in Globe, 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 | $225,000 | -2.7% |
| Single Family | $226,000 | -3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $180,000 | -1.1% |
3 Bed | $258,000 | -1.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Globe, AZ
As of July '25, Rentcast reports the average rent in Globe, AZ is $1,550, with a year-over-year rent change of -16.7%. Per bedroom, the median rent as of July '25 in Globe, AZ is 1-bedrooms: $909, 2-bedrooms: $2,000, 3-bedrooms: $3,000. The most common rental property sizes in Globe, AZ are 2-bedroom and 3-bedroom, accounting for 38.5% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $909 |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | $2,500 | $3,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Globe, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Globe, AZ is 74. This is a increase of 14.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $292,000 | -7.0% |
Listing Count | 39 | 10.0% |
| Listings as % of Homes | 0.6% | 10.0% |
Days on Market | 74 | 14.0% |
Demographics — Globe, AZ
As of the latest ACS Survey released in 2023, Globe, AZ has a population of 12,400, which has decreased by -5.1% over the past 5 years. Globe, AZ is a moderately popular place for families, as children make up 18.0% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,400 | -5.1% |
% Under 18 | 18.0% | -20.0% |
% Seniors | 23.3% | 0.9% |
% WFH | 7.5% | 127.3% |
% w/ College Degree | 15.3% | -8.4% |
As of the latest ACS Survey released in 2023, Globe, AZ is a predominantly white area, with 54.0% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Globe, AZ is hispanic, making up 36.1% of the population. Foreign-born residents account for 5.0% of the population in Globe, AZ, and this percentage has increased by 85.2% 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 | 54.0% | 0.9% |
% Black | 1.7% | 183.3% |
% Hispanic | 36.1% | -7.0% |
% Asian | 1.7% | 112.5% |
% Foreign Born | 5.0% | 85.2% |
Mortgage and Risk — Globe, AZ
According to HUD data as of 2023, there were 168 mortgage originations in Globe, AZ, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Globe, AZ. Investor activity is low, as 1.0% 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 | 168 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Globe, AZ
Globe, AZ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 36 |
Total Units Section 8 | 36 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $800 | $980 |
| 2 Bedroom | -$720 | $2,000 | $1,280 |
| 3 Bedroom | -$750 | $2,500 | $1,750 |
| 4 Bedroom | N/A | N/A | $1,820 |
Affordability — Globe, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $225,000 |
| Median Household Income | $65,900 |