Goodyear, AZ85395

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$542,000
2.2% YoY Growth
Median Household Income
$108,000
21.6% 5-Year Growth
Days on Market
50
11.0% Longer than last year
Home Price Forecast
0.3%
Median Rent
$2,240
0.4% YoY Growth
1-Bed Rent
$1,370
11.2% YoY Growth
2-Bed Rent
$2,200
6.9% YoY Growth
3-Bed Rent
$2,200
2.7% YoY Growth

Other Zip Codes in Goodyear, AZ

Property Listings — Goodyear, AZ

As of Oct '25, Realtor.com reports that the median days on market for a home in Goodyear, AZ is 50. This is a increase of 11.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$552,000-3.0%
Listing Count
22512.0%
Listings as % of Homes1.1%12.0%
Days on Market
5011.0%
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Demographics — Goodyear, AZ

As of the latest ACS Survey released in 2023, Goodyear, AZ has a population of 38,700, which has increased by 30.3% over the past 5 years. Goodyear, AZ is a moderately popular place for families, as children make up 16.2% of the population. The area has a moderately educated workforce, with 39.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.7% reporting working from home.

MetricLatest CensusYoY % Change
Population
38,70030.3%
% Under 18
16.2%-16.1%
% Seniors
25.6%11.3%
% WFH
21.7%143.8%
% w/ College Degree
39.9%13.4%
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As of the latest ACS Survey released in 2023, Goodyear, AZ is a predominantly white area, with 60.4% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Goodyear, AZ is hispanic, making up 24.0% of the population. Foreign-born residents account for 8.7% of the population in Goodyear, AZ, and this percentage has decreased by 31.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
60.4%0.5%
% Black
5.8%-17.1%
% Hispanic
24.0%21.2%
% Asian
3.9%-46.6%
% Foreign Born
8.7%-31.0%
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Mortgage and Risk — Goodyear, AZ

According to HUD data as of 2023, there were 270 mortgage originations in Goodyear, AZ, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Goodyear, AZ. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
270
% Conventional Loans
85.0%
% Government Loans
15.0%
% Investor Loans
1.0%
% Second Loans
7.0%
% Cash Out Refinance
8.0%

Loan Activity

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Rentals and Section 8 — Goodyear, AZ

As of 2024, the percent of homes in Goodyear, AZ under the Section 8 program is 0.3%. 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 Goodyear, 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
19
Total Units Section 8
19
% Rentals under Section 8
0.3%
% Occupied Section 8
83.0%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom$770$1,370$2,140
2 Bedroom$290$2,200$2,490
3 Bedroom$1,150$2,200$3,350
4 Bedroom$1,200$2,550$3,750

Affordability — Goodyear, AZ

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio5.1
Median Home Price$542,000
Median Household Income$108,000

Goodyear, AZ — ZIP Code Boundary Map

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Frequently Asked Questions