Elfrida, AZ—85638
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Elfrida, AZ
Home Price Trends — Elfrida, AZ
As of Oct '25, the median home price in Elfrida, AZ is $228,000, with a year-over-year change of -5.5%. This indicates that home prices in Elfrida, AZ are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $228,000 | -5.5% |
| Single Family | $227,000 | -4.6% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elfrida, AZ
As of July '25, Rentcast reports the average rent in Elfrida, AZ is $775, with a year-over-year rent change of -32.0%. Per bedroom, the median rent as of July '25 in Elfrida, AZ is 1-bedrooms: $825, 2-bedrooms: $750. The most common rental property sizes in Elfrida, AZ are 2-bedroom and 3-bedroom, accounting for 40.1% and 22.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $775 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $825 | $825 |
| 2 Bed Rent | $750 | $750 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elfrida, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Elfrida, AZ is 54. This is a decrease of -31.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $277,000 | -9.0% |
Listing Count | 9 | -38.0% |
| Listings as % of Homes | 1.1% | -38.0% |
Days on Market | 54 | -31.0% |
Demographics — Elfrida, AZ
As of the latest ACS Survey released in 2023, Elfrida, AZ has a population of 1,620, which has decreased by -13.4% over the past 5 years. Elfrida, AZ is a less popular place for families, as children make up 12.0% of the population. The area has a poorly educated workforce, with 17.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,620 | -13.4% |
% Under 18 | 12.0% | -8.4% |
% Seniors | 42.5% | 6.5% |
% WFH | 14.5% | 400.0% |
% w/ College Degree | 17.8% | 20.3% |
As of the latest ACS Survey released in 2023, Elfrida, AZ is a predominantly white area, with 83.3% of the population identifying as white. The white population has grown by 9.9% in the last 5 years. The second most common race or ethnicity in Elfrida, AZ is hispanic, making up 11.5% of the population. Foreign-born residents account for 5.6% of the population in Elfrida, AZ, and this percentage has decreased by 21.1% 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 | 83.3% | 9.9% |
% Black | 0.0% | N/A |
% Hispanic | 11.5% | -47.0% |
% Asian | 0.6% | ∞% |
% Foreign Born | 5.6% | -21.1% |
Mortgage and Risk — Elfrida, AZ
According to HUD data as of 2023, there were 42 mortgage originations in Elfrida, AZ, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Elfrida, AZ. Investor activity is low, as 0.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 42 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 0.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — Elfrida, AZ
Elfrida, AZ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $95 | $825 | $920 |
| 2 Bedroom | $270 | $750 | $1,020 |
| 3 Bedroom | N/A | N/A | $1,430 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Elfrida, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $228,000 |
| Median Household Income | $56,200 |