Patagonia, AZ—85624
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Patagonia, AZ
As of Oct '25, the median home price in Patagonia, AZ is $388,000, with a year-over-year change of -1.5%. This indicates that home prices in Patagonia, AZ are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $388,000 | -1.5% |
| Single Family | $389,000 | -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 | $434,000 | -3.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Patagonia, AZ
Patagonia, AZ lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Patagonia, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Patagonia, AZ is 59. This is a increase of 45.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $729,000 | 7.0% |
Listing Count | 23 | 68.0% |
| Listings as % of Homes | 0.9% | 68.0% |
Days on Market | 59 | 45.0% |
Demographics — Patagonia, AZ
As of the latest ACS Survey released in 2023, Patagonia, AZ has a population of 1,340, which has increased by 2.0% over the past 5 years. Patagonia, AZ is a less popular place for families, as children make up 13.4% of the population. The area has a moderately educated workforce, with 42.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,340 | 2.0% |
% Under 18 | 13.4% | -35.6% |
% Seniors | 44.6% | 36.4% |
% WFH | 22.6% | 96.5% |
% w/ College Degree | 42.7% | -10.1% |
As of the latest ACS Survey released in 2023, Patagonia, AZ is a predominantly white area, with 67.8% of the population identifying as white. The white population has grown by 8.0% in the last 5 years. The second most common race or ethnicity in Patagonia, AZ is hispanic, making up 29.5% of the population. Foreign-born residents account for 10.1% of the population in Patagonia, AZ, and this percentage has increased by 32.9% 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 | 67.8% | 8.0% |
% Black | 1.3% | ∞% |
% Hispanic | 29.5% | 2.4% |
% Asian | 0.1% | ∞% |
% Foreign Born | 10.1% | 32.9% |
Mortgage and Risk — Patagonia, AZ
According to HUD data as of 2023, there were 58 mortgage originations in Patagonia, AZ, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Patagonia, AZ. Investor activity is low, as 5.0% 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 | 58 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 5.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Patagonia, AZ
Patagonia, 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 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,170 |
| 2 Bedroom | N/A | N/A | $1,530 |
| 3 Bedroom | N/A | N/A | $2,140 |
| 4 Bedroom | N/A | N/A | $2,160 |
Affordability — Patagonia, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.3 |
| Median Home Price | $388,000 |
| Median Household Income | $41,400 |