Bisbee, AZ—85603
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bisbee, AZ
As of Oct '25, the median home price in Bisbee, AZ is $223,000, with a year-over-year change of -2.9%. This indicates that home prices in Bisbee, AZ are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $223,000 | -2.9% |
| Single Family | $223,000 | -2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $245,000 | 3.4% |
3 Bed | $248,000 | 2.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bisbee, AZ
As of July '25, Rentcast reports the average rent in Bisbee, AZ is $1,040, with a year-over-year rent change of 7.3%. Per bedroom, the median rent as of July '25 in Bisbee, AZ is 1-bedrooms: $888, 2-bedrooms: $964, 3-bedrooms: $1,300, 4-bedrooms: $1,470. The most common rental property sizes in Bisbee, AZ are 2-bedroom and 1-bedroom, accounting for 37.6% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $875 | $888 |
| 2 Bed Rent | $900 | $964 |
| 3 Bed Rent | $1,100 | $1,300 |
| 4 Bed Rent | $1,340 | $1,470 |
% of Rental Stock
Property Listings — Bisbee, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Bisbee, AZ is 84. This is a increase of 2.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | 18.0% |
Listing Count | 61 | 4.0% |
| Listings as % of Homes | 1.1% | 4.0% |
Days on Market | 84 | 2.0% |
Demographics — Bisbee, AZ
As of the latest ACS Survey released in 2023, Bisbee, AZ has a population of 6,800, which has remained stable by 0.4% over the past 5 years. Bisbee, AZ is a less popular place for families, as children make up 13.6% of the population. The area has a moderately educated workforce, with 30.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,800 | 0.4% |
% Under 18 | 13.6% | -29.5% |
% Seniors | 35.5% | 14.5% |
% WFH | 23.6% | 537.8% |
% w/ College Degree | 30.5% | 13.4% |
As of the latest ACS Survey released in 2023, Bisbee, AZ is a predominantly white area, with 62.2% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Bisbee, AZ is hispanic, making up 33.2% of the population. Foreign-born residents account for 7.0% of the population in Bisbee, AZ, and this percentage has decreased by 26.3% 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 | 62.2% | 0.6% |
% Black | 0.8% | 0.0% |
% Hispanic | 33.2% | -5.4% |
% Asian | 0.1% | ∞% |
% Foreign Born | 7.0% | -26.3% |
Mortgage and Risk — Bisbee, AZ
According to HUD data as of 2023, there were 107 mortgage originations in Bisbee, AZ, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Bisbee, AZ. Investor activity is low, as 5.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 107 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 5.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Bisbee, AZ
As of 2024, the percent of homes in Bisbee, AZ under the Section 8 program is 4.6%. 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 Bisbee, 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 | 40 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $875 | $980 |
| 2 Bedroom | $190 | $900 | $1,090 |
| 3 Bedroom | $430 | $1,100 | $1,530 |
| 4 Bedroom | $490 | $1,340 | $1,830 |
Affordability — Bisbee, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $223,000 |
| Median Household Income | $46,500 |