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  1. Home
  2. /Browse ZIP Codes
  3. /Arizona
  4. /Phoenix
  5. /South Mountain, Phoenix, AZ - 85040

South Mountain, Phoenix, AZ—85040

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$321,000
3.2% YoY Growth
Household Income
$57,900
50.2% YoY Growth
Days on Market
67
15.0% Longer YoY
Home Price Forecast
-1.1%
Median Rent
$1,750
5.4% YoY Growth
1-Bed Rent
$1,160
29.3% YoY Growth
2-Bed Rent
$1,440
4.6% YoY Growth
3-Bed Rent
$1,900
1.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — South Mountain, Phoenix, AZ

As of May '26, the median home price in South Mountain, Phoenix, AZ is $321,000, with a year-over-year change of -3.2%. This indicates that home prices in South Mountain, Phoenix, AZ are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$321,000-3.2%
Single Family $324,000-2.7%
Condos $208,000-9.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$258,000-3.4%
    3 Bed
    		$336,000-2.6%
    4 Bed
    		$376,000-2.6%
    5 Bed $434,070-2.9%
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    % of Housing Stock

    Studio
    3.4%
    1 Bedroom
    14.0%
    2 Bedrooms
    25.8%
    3 Bedrooms
    38.8%
    4 Bedrooms
    17.0%
    5+ Bedrooms
    0.9%

    Rental Trends — South Mountain, Phoenix, AZ

    As of July '25, Rentcast reports the average rent in South Mountain, Phoenix, AZ is $1,750, with a year-over-year rent change of -5.4%. Per bedroom, the median rent as of July '25 in South Mountain, Phoenix, AZ is studios: $972, 1-bedrooms: $1,250, 2-bedrooms: $1,460, 3-bedrooms: $1,930, 4-bedrooms: $2,230. The most common rental property sizes in South Mountain, Phoenix, AZ are 2-bedroom and 3-bedroom, accounting for 36.2% and 27.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,750$1,750
    Studio Rent $749$972
    1 Bed Rent $1,160$1,250
    2 Bed Rent $1,440$1,460
    3 Bed Rent $1,900$1,930
    4 Bed Rent $2,240$2,230
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    % of Rental Stock

    Studio
    5.0%
    1 Bedroom
    22.8%
    2 Bedrooms
    36.2%
    3 Bedrooms
    27.6%
    4 Bedrooms
    7.9%
    5+ Bedrooms
    0.5%

    Property Listings — South Mountain, Phoenix, AZ

    As of May '26, Realtor.com reports that the median days on market for a home in South Mountain, Phoenix, AZ is 67. This is a increase of 15.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$348,000-6.0%
    Listing Count
    		66-32.0%
    Listings as % of Homes0.5%-32.0%
    Days on Market
    		6715.0%
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    Demographics — South Mountain, Phoenix, AZ

    As of the latest ACS Survey released in 2023, South Mountain, Phoenix, AZ has a population of 33,300, which has decreased by -5.7% over the past 5 years. South Mountain, Phoenix, AZ is a popular place for families, as children make up 28.3% of the population. The area has a poorly educated workforce, with 14.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		33,300-5.7%
    % Under 18
    		28.3%-11.8%
    % Seniors
    		8.5%6.2%
    % WFH
    		11.9%495.0%
    % w/ College Degree
    		14.6%23.7%
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    As of the latest ACS Survey released in 2023, South Mountain, Phoenix, AZ is a predominantly hispanic area, with 63.6% of the population identifying as hispanic. The hispanic population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in South Mountain, Phoenix, AZ is black, making up 17.2% of the population. Foreign-born residents account for 22.8% of the population in South Mountain, Phoenix, AZ, and this percentage has decreased by 6.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		13.1%5.6%
    % Black
    		17.2%-9.5%
    % Hispanic
    		63.6%-0.3%
    % Asian
    		2.8%55.6%
    % Foreign Born
    		22.8%-6.9%
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    Mortgage and Risk — South Mountain, Phoenix, AZ

    According to HUD data as of 2023, there were 314 mortgage originations in South Mountain, Phoenix, AZ, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in South Mountain, Phoenix, AZ. Investor activity is low, as 6.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		314
    % Conventional Loans
    		63.0%
    % Government Loans
    		37.0%
    % Investor Loans
    		6.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		18.0%
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    Rentals and Section 8 — South Mountain, Phoenix, AZ

    As of 2024, the percent of homes in South Mountain, Phoenix, AZ under the Section 8 program is 12.2%. 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 South Mountain, Phoenix, 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
    		760
    Total Units Section 8
    		691
    % Rentals under Section 8
    		12.2%
    % Occupied Section 8
    		92.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$280$1,160$1,440
    2 Bedroom$250$1,440$1,690
    3 Bedroom$390$1,900$2,290
    4 Bedroom$370$2,240$2,610

    Affordability — South Mountain, Phoenix, AZ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.8
    Median Home Price$321,000
    Median Household Income$57,900

    South Mountain, Phoenix, AZ — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions