Desert Ridge, Phoenix, AZ—85050
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Desert Ridge, Phoenix, AZ
As of Oct '25, the median home price in Desert Ridge, Phoenix, AZ is $618,000, with a year-over-year change of -2.1%. This indicates that home prices in Desert Ridge, Phoenix, AZ are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $618,000 | -2.1% |
| Single Family | $631,000 | -1.7% |
| Condos | $427,000 | -2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $420,000 | -3.7% |
3 Bed | $537,000 | -2.9% |
4 Bed | $752,000 | -0.7% |
| 5 Bed | $1,119,000 | 1.0% |
% of Housing Stock
Rental Trends — Desert Ridge, Phoenix, AZ
As of July '25, Rentcast reports the average rent in Desert Ridge, Phoenix, AZ is $3,070, with a year-over-year rent change of -5.0%. Per bedroom, the median rent as of July '25 in Desert Ridge, Phoenix, AZ is studios: $1,450, 1-bedrooms: $1,350, 2-bedrooms: $2,360, 3-bedrooms: $2,850, 4-bedrooms: $4,000. The most common rental property sizes in Desert Ridge, Phoenix, AZ are 3-bedroom and 2-bedroom, accounting for 45.4% and 36.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $3,070 |
| Studio Rent | $1,440 | $1,450 |
| 1 Bed Rent | $1,350 | $1,350 |
| 2 Bed Rent | $2,300 | $2,360 |
| 3 Bed Rent | $2,700 | $2,850 |
| 4 Bed Rent | $3,600 | $4,000 |
% of Rental Stock
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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $624,000 | -10.0% |
Listing Count | 122 | 27.0% |
| Listings as % of Homes | 0.8% | 27.0% |
Days on Market | 58 | 37.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,700 | 6.6% |
% Under 18 | 25.6% | -5.5% |
% Seniors | 15.1% | 3.4% |
% WFH | 24.8% | 92.2% |
% w/ College Degree | 57.7% | 8.7% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $618,000 |
| Median Household Income | $137,000 |