Tonopah, AZ—85354
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tonopah, AZ
As of Oct '25, the median home price in Tonopah, AZ is $401,000, with a year-over-year change of 1.7%. This indicates that home prices in Tonopah, AZ are increasing. 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 | $401,000 | 1.7% |
| Single Family | $401,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $371,000 | 1.6% |
4 Bed | $422,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tonopah, AZ
As of July '25, Rentcast reports the average rent in Tonopah, AZ is $1,680, with a year-over-year rent change of -52.7%. Per bedroom, the median rent as of July '25 in Tonopah, AZ is 1-bedrooms: $1,200, 2-bedrooms: $1,600, 3-bedrooms: $1,000, 4-bedrooms: $2,490. The most common rental property sizes in Tonopah, AZ are 3-bedroom and 4-bedroom, accounting for 68.1% and 21.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,600 | $1,600 |
| 3 Bed Rent | $800 | $1,000 |
| 4 Bed Rent | $2,380 | $2,490 |
% of Rental Stock
Property Listings — Tonopah, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Tonopah, AZ is 66. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | -1.0% |
Listing Count | 81 | 22.0% |
| Listings as % of Homes | 1.4% | 22.0% |
Days on Market | 66 | -1.0% |
Demographics — Tonopah, AZ
As of the latest ACS Survey released in 2023, Tonopah, AZ has a population of 7,730, which has increased by 2.4% over the past 5 years. Tonopah, AZ is a moderately popular place for families, as children make up 18.4% of the population. The area has a poorly educated workforce, with 10.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,730 | 2.4% |
% Under 18 | 18.4% | -31.1% |
% Seniors | 14.5% | 14.2% |
% WFH | 13.9% | 98.6% |
% w/ College Degree | 10.3% | 17.0% |
As of the latest ACS Survey released in 2023, Tonopah, AZ is a predominantly white area, with 63.2% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Tonopah, AZ is hispanic, making up 34.8% of the population. Foreign-born residents account for 11.1% of the population in Tonopah, AZ, and this percentage has decreased by 16.5% 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 | 63.2% | 0.2% |
% Black | 0.5% | -16.7% |
% Hispanic | 34.8% | 8.4% |
% Asian | 0.1% | -66.7% |
% Foreign Born | 11.1% | -16.5% |
Mortgage and Risk — Tonopah, AZ
According to HUD data as of 2023, there were 300 mortgage originations in Tonopah, AZ, of which 49.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 56.0% above 90% LTV (very high). This implies large mortgage risk in Tonopah, AZ. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 300 |
% Conventional Loans | 49.0% |
% Government Loans | 51.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Tonopah, AZ
Tonopah, AZ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $330 | $1,200 | $1,530 |
| 2 Bedroom | $180 | $1,600 | $1,780 |
| 3 Bedroom | $1,590 | $800 | $2,390 |
| 4 Bedroom | $300 | $2,380 | $2,680 |
Affordability — Tonopah, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $401,000 |
| Median Household Income | $64,600 |