Peoria, AZ—85383
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Peoria, AZ
As of Oct '25, the median home price in Peoria, AZ is $636,000, with a year-over-year change of -1.7%. This indicates that home prices in Peoria, AZ are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $636,000 | -1.7% |
| Single Family | $636,000 | -1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $591,000 | -3.0% |
3 Bed | $544,000 | -2.3% |
4 Bed | $642,000 | -1.5% |
| 5 Bed | $773,000 | -1.2% |
% of Housing Stock
Rental Trends — Peoria, AZ
As of July '25, Rentcast reports the average rent in Peoria, AZ is $2,800, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Peoria, AZ is 1-bedrooms: $1,410, 2-bedrooms: $2,810, 3-bedrooms: $2,540, 4-bedrooms: $2,930. The most common rental property sizes in Peoria, AZ are 4-bedroom and 3-bedroom, accounting for 40.4% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,550 | $2,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,450 | $1,410 |
| 2 Bed Rent | $2,750 | $2,810 |
| 3 Bed Rent | $2,350 | $2,540 |
| 4 Bed Rent | $2,700 | $2,930 |
% of Rental Stock
Property Listings — Peoria, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Peoria, AZ is 60. This is a increase of 22.0% 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 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $684,000 | 1.0% |
Listing Count | 541 | 21.0% |
| Listings as % of Homes | 1.3% | 21.0% |
Days on Market | 60 | 22.0% |
Demographics — Peoria, AZ
As of the latest ACS Survey released in 2023, Peoria, AZ has a population of 72,100, which has increased by 43.3% over the past 5 years. Peoria, AZ is a popular place for families, as children make up 27.9% of the population. The area has a highly educated workforce, with 50.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 72,100 | 43.3% |
% Under 18 | 27.9% | -6.7% |
% Seniors | 16.1% | 36.4% |
% WFH | 24.5% | 114.9% |
% w/ College Degree | 50.7% | 10.9% |
As of the latest ACS Survey released in 2023, Peoria, AZ is a predominantly white area, with 73.0% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Peoria, AZ is hispanic, making up 9.9% of the population. Foreign-born residents account for 10.6% of the population in Peoria, AZ, and this percentage has increased by 45.2% 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 | 73.0% | -4.9% |
% Black | 2.8% | 16.7% |
% Hispanic | 9.9% | -15.4% |
% Asian | 8.6% | 68.6% |
% Foreign Born | 10.6% | 45.2% |
Mortgage and Risk — Peoria, AZ
According to HUD data as of 2023, there were 1109 mortgage originations in Peoria, AZ, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Peoria, AZ. Investor activity is low, as 1.0% 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 | 1,109 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Peoria, AZ
Peoria, AZ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% 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 | $1,020 | $1,450 | $2,470 |
| 2 Bedroom | $120 | $2,750 | $2,870 |
| 3 Bedroom | $1,510 | $2,350 | $3,860 |
| 4 Bedroom | $1,620 | $2,700 | $4,320 |
Affordability — Peoria, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $636,000 |
| Median Household Income | $139,000 |