Thatcher, AZ—85552
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Thatcher, AZ
As of Oct '25, the median home price in Thatcher, AZ is $340,000, with a year-over-year change of 5.9%. This indicates that home prices in Thatcher, AZ are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $340,000 | 5.9% |
| Single Family | $339,000 | 5.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Thatcher, AZ
As of July '25, Rentcast reports the average rent in Thatcher, AZ is $1,290, with a year-over-year rent change of -32.8%. Per bedroom, the median rent as of July '25 in Thatcher, AZ is studios: $660, 1-bedrooms: $958, 2-bedrooms: $1,050, 3-bedrooms: $2,380, 4-bedrooms: $2,600. The most common rental property sizes in Thatcher, AZ are 3-bedroom and 2-bedroom, accounting for 35.0% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,290 |
| Studio Rent | $660 | $660 |
| 1 Bed Rent | $950 | $958 |
| 2 Bed Rent | $1,050 | $1,050 |
| 3 Bed Rent | $1,850 | $2,380 |
| 4 Bed Rent | $2,600 | $2,600 |
% of Rental Stock
Property Listings — Thatcher, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Thatcher, AZ is 89. This is a increase of 46.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $378,000 | -9.0% |
Listing Count | 23 | 38.0% |
| Listings as % of Homes | 0.7% | 38.0% |
Days on Market | 89 | 46.0% |
Demographics — Thatcher, AZ
As of the latest ACS Survey released in 2023, Thatcher, AZ has a population of 6,620, which has remained stable by 0.7% over the past 5 years. Thatcher, AZ is a popular place for families, as children make up 28.2% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,620 | 0.7% |
% Under 18 | 28.2% | -0.7% |
% Seniors | 14.3% | 5.1% |
% WFH | 3.5% | -25.5% |
% w/ College Degree | 21.8% | -13.5% |
As of the latest ACS Survey released in 2023, Thatcher, AZ is a predominantly white area, with 75.8% of the population identifying as white. The white population has grown by 11.5% in the last 5 years. The second most common race or ethnicity in Thatcher, AZ is hispanic, making up 21.0% of the population. Foreign-born residents account for 2.6% of the population in Thatcher, AZ, and this percentage has increased by 36.8% 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 | 75.8% | 11.5% |
% Black | 0.1% | -85.7% |
% Hispanic | 21.0% | -23.4% |
% Asian | 0.7% | -12.5% |
% Foreign Born | 2.6% | 36.8% |
Mortgage and Risk — Thatcher, AZ
According to HUD data as of 2023, there were 154 mortgage originations in Thatcher, AZ, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Thatcher, AZ. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 154 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Thatcher, AZ
Thatcher, AZ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $950 | $1,030 |
| 2 Bedroom | $250 | $1,050 | $1,300 |
| 3 Bedroom | -$90 | $1,850 | $1,760 |
| 4 Bedroom | -$420 | $2,600 | $2,180 |
Affordability — Thatcher, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $340,000 |
| Median Household Income | $80,700 |