Snowflake, AZ—85937
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Snowflake, AZ
As of Oct '25, the median home price in Snowflake, AZ is $334,000, with a year-over-year change of 0.6%. This indicates that home prices in Snowflake, AZ are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $334,000 | 0.6% |
| Single Family | $334,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $337,000 | 1.5% |
4 Bed | $409,000 | 1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Snowflake, AZ
As of July '25, Rentcast reports the average rent in Snowflake, AZ is $1,620, with a year-over-year rent change of 4.5%. Per bedroom, the median rent as of July '25 in Snowflake, AZ is 1-bedrooms: $1,300, 2-bedrooms: $1,160, 3-bedrooms: $2,060. The most common rental property sizes in Snowflake, AZ are 3-bedroom and 2-bedroom, accounting for 48.5% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | $1,100 | $1,160 |
| 3 Bed Rent | $1,880 | $2,060 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Snowflake, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Snowflake, AZ is 86. This is a decrease of -9.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $428,000 | 12.0% |
Listing Count | 63 | 24.0% |
| Listings as % of Homes | 0.8% | 24.0% |
Days on Market | 86 | -9.0% |
Demographics — Snowflake, AZ
As of the latest ACS Survey released in 2023, Snowflake, AZ has a population of 9,980, which has increased by 28.0% over the past 5 years. Snowflake, AZ is a popular place for families, as children make up 36.7% of the population. The area has a poorly educated workforce, with 24.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,980 | 28.0% |
% Under 18 | 36.7% | 11.2% |
% Seniors | 16.0% | -16.7% |
% WFH | 4.6% | -53.1% |
% w/ College Degree | 24.7% | 20.5% |
As of the latest ACS Survey released in 2023, Snowflake, AZ is a predominantly white area, with 82.7% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Snowflake, AZ is hispanic, making up 8.6% of the population. Foreign-born residents account for 4.4% of the population in Snowflake, AZ, and this percentage has increased by 120.0% 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 | 82.7% | 0.9% |
% Black | 3.5% | 1,066.7% |
% Hispanic | 8.6% | 13.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 4.4% | 120.0% |
Mortgage and Risk — Snowflake, AZ
According to HUD data as of 2023, there were 153 mortgage originations in Snowflake, AZ, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Snowflake, AZ. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 153 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Snowflake, AZ
Snowflake, AZ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,300 | $1,300 |
| 2 Bedroom | $600 | $1,100 | $1,700 |
| 3 Bedroom | $220 | $1,880 | $2,100 |
| 4 Bedroom | N/A | N/A | $2,250 |
Affordability — Snowflake, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $334,000 |
| Median Household Income | $64,500 |