Uptown Phoenix, Phoenix, AZ—85012
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Uptown Phoenix, Phoenix, AZ
As of Oct '25, the median home price in Uptown Phoenix, Phoenix, AZ is $634,000, with a year-over-year change of -1.2%. This indicates that home prices in Uptown Phoenix, Phoenix, AZ are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $634,000 | -1.2% |
| Single Family | $874,000 | -0.6% |
| Condos | $257,000 | -6.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $160,000 | -14.4% |
2 Bed | $421,000 | -3.4% |
3 Bed | $787,000 | -1.3% |
4 Bed | $1,184,000 | -0.6% |
| 5 Bed | $1,615,000 | -2.7% |
% of Housing Stock
Rental Trends — Uptown Phoenix, Phoenix, AZ
As of July '25, Rentcast reports the average rent in Uptown Phoenix, Phoenix, AZ is $1,890, with a year-over-year rent change of -5.5%. Per bedroom, the median rent as of July '25 in Uptown Phoenix, Phoenix, AZ is studios: $1,300, 1-bedrooms: $1,380, 2-bedrooms: $2,030, 3-bedrooms: $3,230, 4-bedrooms: $5,660. The most common rental property sizes in Uptown Phoenix, Phoenix, AZ are 1-bedroom and 2-bedroom, accounting for 49.4% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,510 | $1,890 |
| Studio Rent | $1,370 | $1,300 |
| 1 Bed Rent | $1,300 | $1,380 |
| 2 Bed Rent | $2,100 | $2,030 |
| 3 Bed Rent | $2,700 | $3,230 |
| 4 Bed Rent | $5,660 | $5,660 |
% of Rental Stock
Property Listings — Uptown Phoenix, Phoenix, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Uptown Phoenix, Phoenix, AZ is 90. This is a increase of 3.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $530,000 | -5.0% |
Listing Count | 62 | -12.0% |
| Listings as % of Homes | 1.3% | -12.0% |
Days on Market | 90 | 3.0% |
Demographics — Uptown Phoenix, Phoenix, AZ
As of the latest ACS Survey released in 2023, Uptown Phoenix, Phoenix, AZ has a population of 8,880, which has increased by 26.6% over the past 5 years. Uptown Phoenix, Phoenix, AZ is a less popular place for families, as children make up 11.3% of the population. The area has a highly educated workforce, with 60.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,880 | 26.6% |
% Under 18 | 11.3% | -25.2% |
% Seniors | 17.7% | 2.3% |
% WFH | 17.9% | 179.7% |
% w/ College Degree | 60.0% | 5.4% |
As of the latest ACS Survey released in 2023, Uptown Phoenix, Phoenix, AZ is a predominantly white area, with 68.6% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Uptown Phoenix, Phoenix, AZ is hispanic, making up 16.2% of the population. Foreign-born residents account for 11.6% of the population in Uptown Phoenix, Phoenix, AZ, and this percentage has increased by 45.0% 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 | 68.6% | -6.4% |
% Black | 3.7% | -17.8% |
% Hispanic | 16.2% | 9.5% |
% Asian | 5.0% | 11.1% |
% Foreign Born | 11.6% | 45.0% |
Mortgage and Risk — Uptown Phoenix, Phoenix, AZ
According to HUD data as of 2023, there were 80 mortgage originations in Uptown Phoenix, Phoenix, AZ, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Uptown Phoenix, Phoenix, AZ. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 80 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 5.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Uptown Phoenix, Phoenix, AZ
As of 2024, the percent of homes in Uptown Phoenix, Phoenix, AZ under the Section 8 program is 5.1%. 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 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Uptown Phoenix, Phoenix, AZ, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 150 |
Total Units Section 8 | 150 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $530 | $1,300 | $1,830 |
| 2 Bedroom | $20 | $2,100 | $2,120 |
| 3 Bedroom | $150 | $2,700 | $2,850 |
| 4 Bedroom | -$2,470 | $5,660 | $3,190 |
Affordability — Uptown Phoenix, Phoenix, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $634,000 |
| Median Household Income | $80,200 |