Metrocenter, Phoenix, AZ—85051
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Metrocenter, Phoenix, AZ
As of Oct '25, the median home price in Metrocenter, Phoenix, AZ is $342,000, with a year-over-year change of -5.5%. This indicates that home prices in Metrocenter, 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 | $342,000 | -5.5% |
| Single Family | $345,000 | -5.2% |
| Condos | $161,000 | -7.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $205,000 | -9.3% |
3 Bed | $347,000 | -4.9% |
4 Bed | $385,000 | -4.7% |
| 5 Bed | $423,000 | -3.6% |
% of Housing Stock
Rental Trends — Metrocenter, Phoenix, AZ
As of July '25, Rentcast reports the average rent in Metrocenter, Phoenix, AZ is $1,600, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Metrocenter, Phoenix, AZ is studios: $1,050, 1-bedrooms: $1,010, 2-bedrooms: $1,340, 3-bedrooms: $2,010, 4-bedrooms: $2,520. The most common rental property sizes in Metrocenter, Phoenix, AZ are 1-bedroom and 2-bedroom, accounting for 30.6% and 27.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,600 |
| Studio Rent | $897 | $1,050 |
| 1 Bed Rent | $995 | $1,010 |
| 2 Bed Rent | $1,300 | $1,340 |
| 3 Bed Rent | $1,980 | $2,010 |
| 4 Bed Rent | $2,190 | $2,520 |
% of Rental Stock
Property Listings — Metrocenter, Phoenix, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Metrocenter, Phoenix, AZ is 57. This is a increase of 32.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $363,000 | -2.0% |
Listing Count | 108 | 16.0% |
| Listings as % of Homes | 0.6% | 16.0% |
Days on Market | 57 | 32.0% |
Demographics — Metrocenter, Phoenix, AZ
As of the latest ACS Survey released in 2023, Metrocenter, Phoenix, AZ has a population of 45,500, which has increased by 3.3% over the past 5 years. Metrocenter, Phoenix, AZ is a moderately popular place for families, as children make up 23.3% of the population. The area has a poorly educated workforce, with 19.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,500 | 3.3% |
% Under 18 | 23.3% | -12.4% |
% Seniors | 12.7% | 7.6% |
% WFH | 8.6% | 79.2% |
% w/ College Degree | 19.8% | 23.0% |
As of the latest ACS Survey released in 2023, Metrocenter, Phoenix, AZ is a predominantly hispanic area, with 47.8% of the population identifying as hispanic. The hispanic population has grown by 7.2% in the last 5 years. The second most common race or ethnicity in Metrocenter, Phoenix, AZ is white, making up 30.4% of the population. Foreign-born residents account for 19.9% of the population in Metrocenter, Phoenix, AZ, and this percentage has decreased by 3.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 30.4% | -24.2% |
% Black | 7.7% | 5.5% |
% Hispanic | 47.8% | 7.2% |
% Asian | 5.4% | 20.0% |
% Foreign Born | 19.9% | -3.9% |
Mortgage and Risk — Metrocenter, Phoenix, AZ
According to HUD data as of 2023, there were 598 mortgage originations in Metrocenter, Phoenix, AZ, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Metrocenter, Phoenix, AZ. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 598 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Metrocenter, Phoenix, AZ
As of 2024, the percent of homes in Metrocenter, Phoenix, AZ under the Section 8 program is 5.8%. 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 Metrocenter, 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 | 440 |
Total Units Section 8 | 404 |
% Rentals under Section 8 | 5.8% |
% Occupied Section 8 | 91.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $445 | $995 | $1,440 |
| 2 Bedroom | $390 | $1,300 | $1,690 |
| 3 Bedroom | $310 | $1,980 | $2,290 |
| 4 Bedroom | $420 | $2,190 | $2,610 |
Affordability — Metrocenter, Phoenix, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $342,000 |
| Median Household Income | $63,700 |