Scottsdale, AZ—85254
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Scottsdale, AZ
As of Nov '25, the median home price in Scottsdale, AZ is $866,000, with a year-over-year change of 0.3%. This indicates that home prices in Scottsdale, AZ are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $866,000 | 0.3% |
| Single Family | $889,000 | 1.1% |
| Condos | $394,000 | -2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $293,000 | -3.0% |
2 Bed | $431,000 | -2.7% |
3 Bed | $744,000 | -1.2% |
4 Bed | $984,000 | 1.1% |
| 5 Bed | $1,271,669 | 2.2% |
% of Housing Stock
Rental Trends — Scottsdale, AZ
As of July '25, Rentcast reports the average rent in Scottsdale, AZ is $4,100, with a year-over-year rent change of 10.5%. Per bedroom, the median rent as of July '25 in Scottsdale, AZ is studios: $1,840, 1-bedrooms: $2,190, 2-bedrooms: $3,240, 3-bedrooms: $4,190, 4-bedrooms: $5,490. The most common rental property sizes in Scottsdale, AZ are 2-bedroom and 1-bedroom, accounting for 47.0% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,900 | $4,100 |
| Studio Rent | $1,720 | $1,840 |
| 1 Bed Rent | $1,860 | $2,190 |
| 2 Bed Rent | $2,300 | $3,240 |
| 3 Bed Rent | $3,800 | $4,190 |
| 4 Bed Rent | $5,250 | $5,490 |
% of Rental Stock
Property Listings — Scottsdale, AZ
As of Nov '25, Realtor.com reports that the median days on market for a home in Scottsdale, AZ is 58. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $972,000 | -2.0% |
Listing Count | 309 | 23.0% |
| Listings as % of Homes | 1.3% | 23.0% |
Days on Market | 58 | -3.0% |
Demographics — Scottsdale, AZ
As of the latest ACS Survey released in 2023, Scottsdale, AZ has a population of 46,700, which has remained stable by 0.7% over the past 5 years. Scottsdale, AZ is a moderately popular place for families, as children make up 20.1% of the population. The area has a highly educated workforce, with 60.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,700 | 0.7% |
% Under 18 | 20.1% | -8.2% |
% Seniors | 21.3% | 12.7% |
% WFH | 27.8% | 155.0% |
% w/ College Degree | 60.3% | 11.3% |
As of the latest ACS Survey released in 2023, Scottsdale, AZ is a predominantly white area, with 76.4% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Scottsdale, AZ is asian, making up 9.4% of the population. Foreign-born residents account for 14.5% of the population in Scottsdale, AZ, and this percentage has increased by 7.4% 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 | 76.4% | -3.7% |
% Black | 0.6% | -53.8% |
% Hispanic | 8.6% | 30.3% |
% Asian | 9.4% | -4.1% |
% Foreign Born | 14.5% | 7.4% |
Mortgage and Risk — Scottsdale, AZ
According to HUD data as of 2023, there were 1166 mortgage originations in Scottsdale, AZ, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Scottsdale, AZ. Investor activity is low, as 3.0% 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 | 1,166 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 10.0% |
Rentals and Section 8 — Scottsdale, AZ
As of 2024, the percent of homes in Scottsdale, AZ under the Section 8 program is 0.0%. 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 | 7 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,860 | $2,180 |
| 2 Bedroom | $230 | $2,300 | $2,530 |
| 3 Bedroom | -$400 | $3,800 | $3,400 |
| 4 Bedroom | -$1,440 | $5,250 | $3,810 |
Affordability — Scottsdale, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $866,000 |
| Median Household Income | $121,000 |