Zip 85253 (Paradise Valley, AZ) Housing

The housing market in 85253 Paradise Valley, AZ is one of the most expensive in the country. The median value of a home in the area is an astounding $2,341,000, which is over six times higher than the US median value of $338,100. Additionally, the yearly house appreciation rate in 85253 Paradise Valley, AZ is 9.87%, which is greater than the national average of 8.27%. This data provides evidence that real estate investments in this area can be very lucrative and can provide substantial returns over a short period of time.

The median home cost in Paradise Valley (zip 85253) is $2,341,000. Home appreciation the last 10 years has been 199.6%. Home Appreciation in Paradise Valley (zip 85253) is up 21.6%.

Average Age of Homes

- The median age of Paradise Valley (zip 85253) real estate is 33 years old

The Rental Market in Paradise Valley (zip 85253)

- Renters make up 12.4% of the Paradise Valley (zip 85253) population
- 0.8% of houses and apartments in Paradise Valley (zip 85253), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Paradise Valley, Arizona	United States
	8,922.0	139,647,020.0
	34	42
	$2,341,000	$338,100
	21.6%	16.6%
	91.8%	57.0%
	199.6%	101.1%
	$5.11	$10.98
	$7,281	$2,690
	70.2%	57.4%
	16.4%	11.2%
	13.4%	31.4%
Vacant Housing
	0.8%	1.9%
	0.4%	0.4%
	3.0%	0.7%
	2.7%	0.4%
	6.3%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.1%	3.9%
	0.0%	4.5%
	0.5%	11.3%
	2.4%	13.0%
	7.6%	20.1%
	2.5%	13.6%
	2.4%	8.3%
	4.8%	9.7%
	11.6%	3.9%
	18.4%	2.2%
	15.6%	0.8%
	33.2%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	15.5%	13.6%
	15.5%	13.6%
	18.2%	13.6%
	19.6%	13.2%
	20.2%	14.8%
	18.2%	13.6%
	7.0%	10.0%
	0.3%	4.7%
	0.0%	12.2%

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