Benson, AZ—85602
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Benson, AZ
As of Oct '25, the median home price in Benson, AZ is $242,000, with a year-over-year change of 1.0%. This indicates that home prices in Benson, AZ are flat. 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 | $242,000 | 1.0% |
| Single Family | $246,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $164,000 | 0.6% |
3 Bed | $265,000 | 3.9% |
4 Bed | $324,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Benson, AZ
As of July '25, Rentcast reports the average rent in Benson, AZ is $1,260, with a year-over-year rent change of 20.0%. Per bedroom, the median rent as of July '25 in Benson, AZ is studios: $650, 1-bedrooms: $944, 2-bedrooms: $962, 3-bedrooms: $1,400, 4-bedrooms: $2,030. The most common rental property sizes in Benson, AZ are 2-bedroom and 3-bedroom, accounting for 43.7% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,260 |
| Studio Rent | $650 | $650 |
| 1 Bed Rent | $750 | $944 |
| 2 Bed Rent | $925 | $962 |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | $2,200 | $2,030 |
% of Rental Stock
Property Listings — Benson, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Benson, AZ is 65. This is a increase of 38.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $359,000 | 15.0% |
Listing Count | 70 | 31.0% |
| Listings as % of Homes | 0.8% | 31.0% |
Days on Market | 65 | 38.0% |
Demographics — Benson, AZ
As of the latest ACS Survey released in 2023, Benson, AZ has a population of 9,860, which has increased by 9.2% over the past 5 years. Benson, AZ is a moderately popular place for families, as children make up 17.4% of the population. The area has a moderately educated workforce, with 25.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,860 | 9.2% |
% Under 18 | 17.4% | -3.9% |
% Seniors | 34.1% | 1.2% |
% WFH | 19.0% | 458.8% |
% w/ College Degree | 25.9% | 45.5% |
As of the latest ACS Survey released in 2023, Benson, AZ is a predominantly white area, with 78.0% of the population identifying as white. The white population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Benson, AZ is hispanic, making up 15.3% of the population. Foreign-born residents account for 2.9% of the population in Benson, AZ, and this percentage has decreased by 3.3% 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 | 78.0% | 1.8% |
% Black | 0.2% | -66.7% |
% Hispanic | 15.3% | -21.1% |
% Asian | 0.3% | -66.7% |
% Foreign Born | 2.9% | -3.3% |
Mortgage and Risk — Benson, AZ
According to HUD data as of 2023, there were 225 mortgage originations in Benson, AZ, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Benson, AZ. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 225 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Benson, AZ
As of 2024, the percent of homes in Benson, AZ under the Section 8 program is 6.5%. 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 Benson, 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 | 65 |
Total Units Section 8 | 65 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 90.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $690 | $750 | $1,440 |
| 2 Bedroom | $765 | $925 | $1,690 |
| 3 Bedroom | $890 | $1,400 | $2,290 |
| 4 Bedroom | $410 | $2,200 | $2,610 |
Affordability — Benson, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $242,000 |
| Median Household Income | $53,700 |