There are currently 7,415 real estate properties in Paradise Valley, AZ, with a median automated valuation model (AVM) price of $3,171,549.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Paradise Valley, AZ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Paradise Valley, AZ, is $3,610,669.00, with the most expensive house in Paradise Valley, AZ, topping out at $72,540,300.00 and the cheapest home in Paradise Valley, AZ, clocking in at $18,004.00. In other words, there’s something for every potential homebuyer or savvy investor in Paradise Valley, AZ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Paradise Valley, AZ, is on a rollercoaster ride. The average rent price in Paradise Valley, AZ, is $3,769.00. Indeed, when looking to rent in Paradise Valley, AZ, you can expect to pay as little as $960.00 or as much as $4,960.00, with the average rent median estimated to be $4,060.00. The good news is that finding an affordable and desirable property to rent in Paradise Valley, AZ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Paradise Valley is located in Maricopa, Arizona, with an estimated municipal population of 14,637 residents. All of the best foreclosed homes for sale in Paradise Valley are located in the following zip code areas on Foreclosure.com: 85253. The estimated population per square kilometer (.62 miles) in Paradise Valley is 367.
So, about how much do homes cost in Paradise Valley? The most recent median value of resident-owned homes in Paradise Valley is 1,494,711. An estimated 93.1 percent of households in Paradise Valley own their homes, with an average family size of 2.96. The median household income in Paradise Valley is 211,393, with75 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Paradise Valley, the median commute time of resident workers (in minutes) is 23.7. And last, but certainly not least, are you looking for homes to rent in Paradise Valley? If so, the average rent price paid by renters in Paradise Valley is 2,547, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Paradise Valley, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Paradise Valley is 53.6, split between 50.5 percent male versus 49.5 female. The percentage of residents who report being married in Paradise Valley is 67.5, with an average family size of 2.96.
The percentage of residents who report their race in Paradise Valley is as follows:
| White | 89.6% |
| Black / African American | 0.7% |
| Asian | 4.9% |
| American Indian / Alaskan Native | 1.1% |
| Native Hawaiian / Other Pacifc Islander | 0.2% |
| Multi-racial | 2.7% |
| Other | 0.8% |
Looking for family-friendly neighborhoods in and/or near Paradise Valley? Or maybe you are searching for 55+ active adult communities in and/or near Paradise Valley?
The percentage of residents who report their age in Paradise Valley is as follows:
| Under 10 | 9.1% |
| Aged 10-19 | 11.6% |
| 20s | 7.9% |
| 30s | 4.4% |
| 40s | 11.4% |
| 50s | 19% |
| 60s | 16.7% |
| 70s | 13.7% |
| 80+ | 6.2% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Paradise Valley with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Paradise Valley.
How do you know that living in -- or moving to -- Paradise Valley is right where you need to be? Perhaps you grew up in Paradise Valley or already live nearby; therefore, the decision to buy a home in Paradise Valley is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Paradise Valley for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Paradise Valley:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Paradise Valley.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Paradise Valley can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Paradise Valley, meanwhile, can field multiple offers from more qualified buyers.
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