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Paradise Valley, AZ Housing

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As of 2010-2014, median price of a house in Paradise Valley is $1,000,001, which is much higher than the state average of $162,900 and is much higher than the national average of $175,700. The Paradise Valley median house value has grown by 38.37% since 2000. The growth rate for the price of a house in Paradise Valley is higher than the state average rate of 34.30% and is lower than the national average rate of 46.91%. The median year that a house in Paradise Valley was built is 1980, which is older than the median year for a house built in the state which is 1989 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 4,856 Owner Occupied Houses in Paradise Valley, AZ, #1

Paradise Valley, AZ	1,000,001 USD
Arizona	162,900 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #119

Paradise Valley, AZ	38.37%
Arizona	34.30%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Paradise Valley, AZ	Arizona	U.S.
Total Housing Units	6,113, see rank, 100%	2,874,548	132,741,033
Occupied Housing Units	5,217, 85.34%, see rank	83.05%	87.55%
Owner Occupied	4,856, 79.44%, see rank	52.64%	56.34%
Renter Occupied	361, 5.91%, see rank	30.40%	31.21%
Vacant Housing Units	896, 14.66%, see rank	16.95%	12.45%
For Rent	34, 0.56%, see rank	3.14%	2.34%
For Sale Only	243, 3.98%, see rank	1.82%	1.20%
Rented or Sold, Not Occupied	24, 0.39%, see rank	1.16%	0.92%
For Seasonal, Recreational, or Occasional Use	456, 7.46%, see rank	7.36%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.03%	0.03%
Other Vacant	139, 2.27%, see rank	3.44%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #301

Paradise Valley, AZ	Arizona	U.S.
1980	1989	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Paradise Valley, AZ	%	Arizona	U.S.
Owner-Occupied Units	4,856	100%	1,513,294	74,787,460
With a Mortgage	3,002	61.82%, see rank	66.84%	65.58%
Without a Mortgage	1,854	38.18%, see rank	33.16%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Paradise Valley, AZ	4,001 USD
Arizona	1,390 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Paradise Valley, AZ	%	Arizona	U.S.
$299 or Less	24	0.80%, see rank	0.29%	0.20%
$300 to $499	8	0.27%, see rank	1.90%	1.59%
$500 to $699	0	0.00%, see rank	5.14%	5.01%
$700 to $999	105	3.50%, see rank	16.74%	14.32%
$1,000 to $1,499	122	4.06%, see rank	32.86%	27.90%
$1,500 to $1,999	151	5.03%, see rank	21.25%	20.35%
$2,000 to $2,999	439	14.62%, see rank	15.79%	19.52%
$3,000 or More	2,153	71.72%, see rank	6.03%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Paradise Valley, AZ	26.70% of the Total Income
Arizona	23.90% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Paradise Valley, AZ	%	Arizona	U.S.
10% or Less	419	13.96%, see rank	6.06%	5.86%
10% to 20%	784	26.12%, see rank	31.07%	31.95%
20% to 30%	444	14.79%, see rank	27.22%	27.64%
30% to 40%	323	10.76%, see rank	13.73%	13.74%
40% or More	975	32.48%, see rank	21.06%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Paradise Valley, AZ	1,001 USD
Arizona	381 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Paradise Valley, AZ	%	Arizona	U.S.
$199 or Less	20	1.08%, see rank	13.09%	7.76%
$200 to $299	7	0.38%, see rank	19.50%	14.70%
$300 to $499	98	5.29%, see rank	39.03%	34.63%
$500 to $699	167	9.01%, see rank	18.30%	21.16%
$700 or More	1,562	84.25%, see rank	10.08%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Paradise Valley, AZ	16.50% of the Total Income
Arizona	10.80% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Paradise Valley, AZ	%	Arizona	U.S.
10% or Less	699	37.70%, see rank	45.85%	40.19%
10% to 20%	327	17.64%, see rank	29.32%	31.47%
20% to 30%	124	6.69%, see rank	10.69%	12.24%
30% to 40%	177	9.55%, see rank	4.64%	5.64%
40% or More	486	26.21%, see rank	7.46%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Paradise Valley, AZ	Arizona	U.S.
Total Housing Units	6,113, 100%	2,874,548	132,741,033
1-unit, Detached	6,023, 98.53%, see rank	63.52%	61.65%
1-unit, Attached	36, 0.59%, see rank	4.89%	5.82%
2 Units	0, 0.00%, see rank	1.40%	3.75%
3 or 4 Units	0, 0.00%, see rank	3.43%	4.43%
5 to 9 Units	0, 0.00%, see rank	4.25%	4.78%
10 or More Units	18, 0.29%, see rank	11.57%	13.08%
Mobile Home, Boat, RV, Van, etc.	36, 0.59%, see rank	10.94%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Paradise Valley, AZ	Arizona	U.S.
Total Housing Units	6,113, 100%	2,874,548	132,741,033
1 Room	0, 0.00%, see rank	2.22%	1.95%
2 Rooms	0, 0.00%, see rank	3.56%	2.48%
3 Rooms	32, 0.52%, see rank	10.08%	9.13%
4 Rooms	57, 0.93%, see rank	17.89%	16.60%
5 Rooms	394, 6.45%, see rank	22.63%	20.41%
6 Rooms	418, 6.84%, see rank	18.48%	18.06%
7 Rooms	776, 12.69%, see rank	11.74%	12.27%
8 Rooms	1,394, 22.80%, see rank	6.81%	8.48%
9 Rooms or More	3,042, 49.76%, see rank	6.59%	10.60%
Median Rooms	8.50, see rank	5.20	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Paradise Valley, AZ	Arizona	U.S.
Total Housing Units	6,113, 100%	2,874,548	132,741,033
No Bedroom	0, 0.00%, see rank	2.39%	2.17%
1 Bedroom	29, 0.47%, see rank	11.62%	11.16%
2 Bedrooms	506, 8.28%, see rank	27.40%	26.69%
3 Bedrooms	1,232, 20.15%, see rank	37.36%	39.70%
4 Bedrooms	2,562, 41.91%, see rank	17.15%	16.05%
5 or More Bedrooms	1,784, 29.18%, see rank	4.08%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Paradise Valley, AZ	Arizona	U.S.
Total Housing Units	5,217, 100%	2,387,246	116,211,092
Utility Gas	2,604, 49.91%, see rank	34.33%	48.85%
Bottled, Tank, or LP Gas	25, 0.48%, see rank	2.89%	4.86%
Electricity	2,514, 48.19%, see rank	59.09%	36.68%
Fuel Oil, Kerosene, etc.	10, 0.19%, see rank	0.07%	5.86%
Coal or Coke	0, 0.00%, see rank	0.01%	0.12%
Wood	0, 0.00%, see rank	2.01%	2.12%
Solar Energy	39, 0.75%, see rank	0.17%	0.05%
Other Fuel	25, 0.48%, see rank	0.25%	0.47%
No Fuel Used	0, 0.00%, see rank	1.17%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Paradise Valley, AZ	Arizona	U.S.
Occupied Units Paying Rent	327, 100%	830,623	39,201,928
$199 or Less	0, 0.00%, see rank	0.91%	1.50%
$200 to $299	0, 0.00%, see rank	1.57%	3.18%
$300 to $499	0, 0.00%, see rank	6.05%	7.37%
$500 to $699	0, 0.00%, see rank	18.08%	16.01%
$700 to $999	40, 12.23%, see rank	32.64%	29.17%
$1,000 to $1,499	15, 4.59%, see rank	29.90%	26.88%
$1,500 to $1,999	40, 12.23%, see rank	7.63%	9.79%
$2,000 or More	232, 70.95%, see rank	3.22%	6.10%
Median	$2,001, see rank	$905	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Paradise Valley, AZ	Arizona	U.S.
Occupied Housing Units	5,217, 100%	2,387,246	116,211,092
No Vehicles Available	82, 1.57%, see rank	6.87%	9.12%
1 Vehicles Available	821, 15.74%, see rank	37.99%	33.80%
2 Vehicles Available	2,204, 42.25%, see rank	38.30%	37.48%
3 or More Vehicles Available	2,110, 40.44%, see rank	16.84%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.