Nogales, AZ—85621
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nogales, AZ
As of Oct '25, the median home price in Nogales, AZ is $214,000, with a year-over-year change of -0.3%. This indicates that home prices in Nogales, AZ are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $214,000 | -0.3% |
| Single Family | $214,000 | -0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $155,000 | -1.3% |
3 Bed | $205,000 | 0.0% |
4 Bed | $296,000 | 1.7% |
| 5 Bed | $380,000 | 3.0% |
% of Housing Stock
Rental Trends — Nogales, AZ
As of July '25, Rentcast reports the average rent in Nogales, AZ is $1,750, with a year-over-year rent change of 15.1%. Per bedroom, the median rent as of July '25 in Nogales, AZ is 2-bedrooms: $970, 3-bedrooms: $1,820, 4-bedrooms: $2,900. The most common rental property sizes in Nogales, AZ are 2-bedroom and 3-bedroom, accounting for 44.0% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $950 | $970 |
| 3 Bed Rent | $1,350 | $1,820 |
| 4 Bed Rent | $2,900 | $2,900 |
% of Rental Stock
Property Listings — Nogales, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Nogales, AZ is 58. This is a increase of 51.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $324,000 | 1.0% |
Listing Count | 37 | 0.0% |
| Listings as % of Homes | 0.5% | 0.0% |
Days on Market | 58 | 51.0% |
Demographics — Nogales, AZ
As of the latest ACS Survey released in 2023, Nogales, AZ has a population of 21,500, which has decreased by -3.4% over the past 5 years. Nogales, AZ is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,500 | -3.4% |
% Under 18 | 25.1% | -16.1% |
% Seniors | 19.1% | 17.2% |
% WFH | 4.9% | 145.0% |
% w/ College Degree | 18.5% | 39.1% |
As of the latest ACS Survey released in 2023, Nogales, AZ is a predominantly hispanic area, with 93.2% of the population identifying as hispanic. The hispanic population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Nogales, AZ is white, making up 4.5% of the population. Foreign-born residents account for 44.3% of the population in Nogales, AZ, and this percentage has increased by 16.3% 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 | 4.5% | -2.2% |
% Black | 0.3% | -72.7% |
% Hispanic | 93.2% | -0.2% |
% Asian | 0.2% | -86.7% |
% Foreign Born | 44.3% | 16.3% |
Mortgage and Risk — Nogales, AZ
According to HUD data as of 2023, there were 101 mortgage originations in Nogales, AZ, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Nogales, AZ. Investor activity is low, as 6.0% of loans were by investors. 25.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 101 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 6.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 25.0% |
Loan Activity
Rentals and Section 8 — Nogales, AZ
Nogales, AZ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 446 |
Total Units Section 8 | 182 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | $80 | $950 | $1,030 |
| 3 Bedroom | $90 | $1,350 | $1,440 |
| 4 Bedroom | -$1,450 | $2,900 | $1,450 |
Affordability — Nogales, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $214,000 |
| Median Household Income | $41,300 |