Avondale, AZ—85392
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Avondale, AZ
Home Price Trends — Avondale, AZ
As of Oct '25, the median home price in Avondale, AZ is $406,000, with a year-over-year change of -5.3%. This indicates that home prices in Avondale, AZ are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $406,000 | -5.3% |
| Single Family | $406,000 | -5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $337,000 | -4.8% |
3 Bed | $381,000 | -5.0% |
4 Bed | $431,000 | -5.1% |
| 5 Bed | $512,000 | -3.6% |
% of Housing Stock
Rental Trends — Avondale, AZ
As of July '25, Rentcast reports the average rent in Avondale, AZ is $2,350, with a year-over-year rent change of 8.8%. Per bedroom, the median rent as of July '25 in Avondale, AZ is 1-bedrooms: $1,270, 2-bedrooms: $1,810, 3-bedrooms: $2,340, 4-bedrooms: $2,700. The most common rental property sizes in Avondale, AZ are 3-bedroom and 2-bedroom, accounting for 30.9% and 22.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,270 |
| 2 Bed Rent | $1,740 | $1,810 |
| 3 Bed Rent | $2,120 | $2,340 |
| 4 Bed Rent | $2,300 | $2,700 |
% of Rental Stock
Property Listings — Avondale, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Avondale, AZ is 56. This is a increase of 10.0% 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $462,000 | 4.0% |
Listing Count | 116 | 16.0% |
| Listings as % of Homes | 0.6% | 16.0% |
Days on Market | 56 | 10.0% |
Demographics — Avondale, AZ
As of the latest ACS Survey released in 2023, Avondale, AZ has a population of 39,200, which has remained stable by 0.9% over the past 5 years. Avondale, AZ is a popular place for families, as children make up 25.4% of the population. The area has a moderately educated workforce, with 25.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,200 | 0.9% |
% Under 18 | 25.4% | -6.3% |
% Seniors | 10.8% | 21.3% |
% WFH | 13.2% | 149.1% |
% w/ College Degree | 25.1% | 10.1% |
As of the latest ACS Survey released in 2023, Avondale, AZ is a predominantly hispanic area, with 44.9% of the population identifying as hispanic. The hispanic population has grown by 10.9% in the last 5 years. The second most common race or ethnicity in Avondale, AZ is white, making up 35.9% of the population. Foreign-born residents account for 13.9% of the population in Avondale, AZ, and this percentage has decreased by 2.1% 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 | 35.9% | -11.1% |
% Black | 7.8% | -25.0% |
% Hispanic | 44.9% | 10.9% |
% Asian | 4.4% | -18.5% |
% Foreign Born | 13.9% | -2.1% |
Mortgage and Risk — Avondale, AZ
According to HUD data as of 2023, there were 317 mortgage originations in Avondale, AZ, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Avondale, AZ. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 317 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Avondale, AZ
As of 2024, the percent of homes in Avondale, AZ under the Section 8 program is 1.2%. 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 Avondale, 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 | 71 |
Total Units Section 8 | 71 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $600 | $1,300 | $1,900 |
| 2 Bedroom | $470 | $1,740 | $2,210 |
| 3 Bedroom | $850 | $2,120 | $2,970 |
| 4 Bedroom | $1,030 | $2,300 | $3,330 |
Affordability — Avondale, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $406,000 |
| Median Household Income | $85,000 |