Desert Ridge, Phoenix, AZ85050

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$618,000
2.1% YoY Growth
Median Household Income
$137,000
53.5% 5-Year Growth
Days on Market
58
37.0% Longer than last year
Home Price Forecast
0.2%
Median Rent
$2,800
5.0% YoY Growth
1-Bed Rent
$1,350
17.7% YoY Growth
2-Bed Rent
$2,300
2.5% YoY Growth
3-Bed Rent
$2,700
0.4% YoY Growth

Other Zip Codes in Desert Ridge, Phoenix, AZ

Property Listings — Desert Ridge, Phoenix, AZ

As of Oct '25, Realtor.com reports that the median days on market for a home in Desert Ridge, Phoenix, AZ is 58. This is a increase of 37.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$624,000-10.0%
Listing Count
12227.0%
Listings as % of Homes0.8%27.0%
Days on Market
5837.0%
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Demographics — Desert Ridge, Phoenix, AZ

As of the latest ACS Survey released in 2023, Desert Ridge, Phoenix, AZ has a population of 32,700, which has increased by 6.6% over the past 5 years. Desert Ridge, Phoenix, AZ is a popular place for families, as children make up 25.6% of the population. The area has a highly educated workforce, with 57.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.8% reporting working from home.

MetricLatest CensusYoY % Change
Population
32,7006.6%
% Under 18
25.6%-5.5%
% Seniors
15.1%3.4%
% WFH
24.8%92.2%
% w/ College Degree
57.7%8.7%
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As of the latest ACS Survey released in 2023, Desert Ridge, Phoenix, AZ is a predominantly white area, with 70.7% of the population identifying as white. The white population has shrunk by 7.8% in the last 5 years. The second most common race or ethnicity in Desert Ridge, Phoenix, AZ is hispanic, making up 10.9% of the population. Foreign-born residents account for 14.8% of the population in Desert Ridge, Phoenix, AZ, and this percentage has increased by 4.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
70.7%-7.8%
% Black
2.0%-16.7%
% Hispanic
10.9%16.0%
% Asian
9.4%14.6%
% Foreign Born
14.8%4.2%
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Mortgage and Risk — Desert Ridge, Phoenix, AZ

According to HUD data as of 2023, there were 710 mortgage originations in Desert Ridge, Phoenix, AZ, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Desert Ridge, Phoenix, AZ. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
710
% Conventional Loans
89.0%
% Government Loans
11.0%
% Investor Loans
1.0%
% Second Loans
2.0%
% Cash Out Refinance
11.0%

Loan Activity

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Rentals and Section 8 — Desert Ridge, Phoenix, AZ

As of 2024, the percent of homes in Desert Ridge, Phoenix, AZ under the Section 8 program is 0.2%. 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 Desert Ridge, 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
7
Total Units Section 8
6
% Rentals under Section 8
0.2%
% Occupied Section 8
N/A

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom$1,060$1,350$2,410
2 Bedroom$500$2,300$2,800
3 Bedroom$1,070$2,700$3,770
4 Bedroom$610$3,600$4,210

Affordability — Desert Ridge, Phoenix, AZ

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio4.4
Median Home Price$618,000
Median Household Income$137,000

Desert Ridge, Phoenix, AZ — ZIP Code Boundary Map

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Frequently Asked Questions