Queen Creek, AZ—85142
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Queen Creek, AZ
As of Oct '25, the median home price in Queen Creek, AZ is $575,000, with a year-over-year change of -2.1%. This indicates that home prices in Queen Creek, 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 | $575,000 | -2.1% |
| Single Family | $575,000 | -2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $420,000 | -5.0% |
3 Bed | $462,000 | -3.3% |
4 Bed | $575,000 | -2.0% |
| 5 Bed | $758,000 | -1.6% |
% of Housing Stock
Rental Trends — Queen Creek, AZ
As of July '25, Rentcast reports the average rent in Queen Creek, AZ is $2,940, with a year-over-year rent change of 5.4%. Per bedroom, the median rent as of July '25 in Queen Creek, AZ is 1-bedrooms: $1,530, 2-bedrooms: $1,740, 3-bedrooms: $2,600, 4-bedrooms: $3,470. The most common rental property sizes in Queen Creek, AZ are 3-bedroom and 4-bedroom, accounting for 34.9% and 22.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,940 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,540 | $1,530 |
| 2 Bed Rent | $1,790 | $1,740 |
| 3 Bed Rent | $2,350 | $2,600 |
| 4 Bed Rent | $2,850 | $3,470 |
% of Rental Stock
Property Listings — Queen Creek, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Queen Creek, AZ is 68. 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $737,000 | -1.0% |
Listing Count | 460 | 0.0% |
| Listings as % of Homes | 2.1% | 0.0% |
Days on Market | 68 | 3.0% |
Demographics — Queen Creek, AZ
As of the latest ACS Survey released in 2023, Queen Creek, AZ has a population of 87,200, which has increased by 32.4% over the past 5 years. Queen Creek, AZ is a popular place for families, as children make up 28.7% of the population. The area has a moderately educated workforce, with 37.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 87,200 | 32.4% |
% Under 18 | 28.7% | -15.3% |
% Seniors | 10.7% | 13.8% |
% WFH | 20.0% | 104.1% |
% w/ College Degree | 37.9% | 19.6% |
As of the latest ACS Survey released in 2023, Queen Creek, AZ is a predominantly white area, with 65.9% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Queen Creek, AZ is hispanic, making up 21.6% of the population. Foreign-born residents account for 7.5% of the population in Queen Creek, AZ, and this percentage has increased by 13.6% 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 | 65.9% | -6.9% |
% Black | 3.9% | 34.5% |
% Hispanic | 21.6% | 4.3% |
% Asian | 2.9% | 26.1% |
% Foreign Born | 7.5% | 13.6% |
Mortgage and Risk — Queen Creek, AZ
According to HUD data as of 2023, there were 2764 mortgage originations in Queen Creek, AZ, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Queen Creek, AZ. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 2,764 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Queen Creek, AZ
As of 2024, the percent of homes in Queen Creek, AZ under the Section 8 program is 0.1%. 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. In Queen Creek, 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 | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $720 | $1,540 | $2,260 |
| 2 Bedroom | $840 | $1,790 | $2,630 |
| 3 Bedroom | $1,190 | $2,350 | $3,540 |
| 4 Bedroom | $1,110 | $2,850 | $3,960 |
Affordability — Queen Creek, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $575,000 |
| Median Household Income | $125,000 |