Oracle, AZ—85623
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oracle, AZ
As of Oct '25, the median home price in Oracle, AZ is $523,000, with a year-over-year change of -1.1%. This indicates that home prices in Oracle, AZ are decreasing. 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 | $523,000 | -1.1% |
| Single Family | $524,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $554,000 | -1.6% |
3 Bed | $437,000 | 0.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oracle, AZ
As of July '25, Rentcast reports the average rent in Oracle, AZ is $2,180, with a year-over-year rent change of -11.4%. Per bedroom, the median rent as of July '25 in Oracle, AZ is 1-bedrooms: $900, 2-bedrooms: $2,460, 3-bedrooms: $1,800, 4-bedrooms: $1,780. The most common rental property sizes in Oracle, AZ are 2-bedroom and 3-bedroom, accounting for 50.6% and 42.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,180 | $2,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $900 |
| 2 Bed Rent | $2,500 | $2,460 |
| 3 Bed Rent | $1,600 | $1,800 |
| 4 Bed Rent | $1,750 | $1,780 |
% of Rental Stock
Property Listings — Oracle, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Oracle, AZ is 55. This is a decrease of -30.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $642,000 | 20.0% |
Listing Count | 78 | 2.0% |
| Listings as % of Homes | 1.4% | 2.0% |
Days on Market | 55 | -30.0% |
Demographics — Oracle, AZ
As of the latest ACS Survey released in 2023, Oracle, AZ has a population of 5,240, which has decreased by -1.9% over the past 5 years. Oracle, AZ is a less popular place for families, as children make up 9.2% of the population. The area has a moderately educated workforce, with 40.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,240 | -1.9% |
% Under 18 | 9.2% | -54.2% |
% Seniors | 53.4% | 41.3% |
% WFH | 27.0% | 221.4% |
% w/ College Degree | 40.6% | 56.2% |
As of the latest ACS Survey released in 2023, Oracle, AZ is a predominantly white area, with 77.1% of the population identifying as white. The white population has grown by 11.6% in the last 5 years. The second most common race or ethnicity in Oracle, AZ is hispanic, making up 21.1% of the population. Foreign-born residents account for 6.2% of the population in Oracle, AZ, and this percentage has decreased by 22.5% 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 | 77.1% | 11.6% |
% Black | 0.0% | N/A |
% Hispanic | 21.1% | -20.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 6.2% | -22.5% |
Mortgage and Risk — Oracle, AZ
According to HUD data as of 2023, there were 287 mortgage originations in Oracle, AZ, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Oracle, AZ. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 287 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Oracle, AZ
As of 2024, the percent of homes in Oracle, AZ under the Section 8 program is 0.4%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Oracle, AZ, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $540 | $900 | $1,440 |
| 2 Bedroom | -$810 | $2,500 | $1,690 |
| 3 Bedroom | $690 | $1,600 | $2,290 |
| 4 Bedroom | $860 | $1,750 | $2,610 |
Affordability — Oracle, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $523,000 |
| Median Household Income | $68,200 |