Scottsdale, AZ—85251
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Scottsdale, AZ
As of Oct '25, the median home price in Scottsdale, AZ is $519,000, with a year-over-year change of -4.0%. This indicates that home prices in Scottsdale, AZ are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $519,000 | -4.0% |
| Single Family | $654,000 | -3.5% |
| Condos | $317,000 | -8.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $243,000 | -10.7% |
2 Bed | $371,000 | -7.5% |
3 Bed | $677,000 | -3.8% |
4 Bed | $927,000 | -1.7% |
| 5 Bed | $2,416,000 | 2.5% |
% of Housing Stock
Rental Trends — Scottsdale, AZ
As of July '25, Rentcast reports the average rent in Scottsdale, AZ is $3,070, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in Scottsdale, AZ is studios: $1,390, 1-bedrooms: $2,080, 2-bedrooms: $2,830, 3-bedrooms: $3,890, 4-bedrooms: $4,760. The most common rental property sizes in Scottsdale, AZ are 2-bedroom and 1-bedroom, accounting for 40.7% and 37.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $3,070 |
| Studio Rent | $1,300 | $1,390 |
| 1 Bed Rent | $1,650 | $2,080 |
| 2 Bed Rent | $2,200 | $2,830 |
| 3 Bed Rent | $3,340 | $3,890 |
| 4 Bed Rent | $4,000 | $4,760 |
% of Rental Stock
Property Listings — Scottsdale, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Scottsdale, AZ is 66. This is a increase of 21.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $647,000 | -11.0% |
Listing Count | 535 | 21.0% |
| Listings as % of Homes | 1.2% | 21.0% |
Days on Market | 66 | 21.0% |
Demographics — Scottsdale, AZ
As of the latest ACS Survey released in 2023, Scottsdale, AZ has a population of 40,000, which has decreased by -3.8% over the past 5 years. Scottsdale, AZ is a less popular place for families, as children make up 10.0% of the population. The area has a highly educated workforce, with 60.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,000 | -3.8% |
% Under 18 | 10.0% | -34.6% |
% Seniors | 18.6% | 9.4% |
% WFH | 27.3% | 187.4% |
% w/ College Degree | 60.2% | 16.7% |
As of the latest ACS Survey released in 2023, Scottsdale, AZ is a predominantly white area, with 76.8% of the population identifying as white. The white population has grown by 5.5% in the last 5 years. The second most common race or ethnicity in Scottsdale, AZ is hispanic, making up 14.0% of the population. Foreign-born residents account for 9.4% of the population in Scottsdale, AZ, and this percentage has decreased by 24.8% 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 | 76.8% | 5.5% |
% Black | 1.9% | 0.0% |
% Hispanic | 14.0% | -30.0% |
% Asian | 2.2% | -12.0% |
% Foreign Born | 9.4% | -24.8% |
Mortgage and Risk — Scottsdale, AZ
According to HUD data as of 2023, there were 634 mortgage originations in Scottsdale, AZ, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Scottsdale, AZ. Investor activity is low, as 6.0% 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 | 634 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 6.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Scottsdale, AZ
As of 2024, the percent of homes in Scottsdale, AZ under the Section 8 program is 3.8%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Scottsdale, AZ, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 430 |
Total Units Section 8 | 422 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 69.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,650 | $1,970 |
| 2 Bedroom | $90 | $2,200 | $2,290 |
| 3 Bedroom | -$260 | $3,340 | $3,080 |
| 4 Bedroom | -$550 | $4,000 | $3,450 |
Affordability — Scottsdale, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $519,000 |
| Median Household Income | $89,200 |