Paradise Valley appreciation rates and housing market information

Paradise Valley housing market information

With a population of 13,629, 5,549 total housing units (homes and apartments), and a median house value of $1,428,709, Paradise Valley house prices are not only among the most expensive in Arizona, Paradise Valley real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Paradise Valley, accounting for 98.27% of the town's housing units. Other types of housing that are prevalent in Paradise Valley include and a few row houses and other attached homes (1.33%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Paradise Valley. Owner-occupied housing accounts for 88.68% of Paradise Valley's homes, and 73.58% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Paradise Valley built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Paradise Valley built from 1940-1969 (35.36%). A lesser amount of the housing stock also hails from 1995 and later (13.07%), and some were built from 1939 and earlier (13.07%).

Paradise Valley home appreciation rates

In the last 10 years, Paradise Valley has experienced some of the highest home appreciation rates of any community in the nation. Paradise Valley real estate appreciated 121.76% over the last ten years, which is an average annual home appreciation rate of 12.17%, putting Paradise Valley in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Paradise Valley definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Paradise Valley appreciation rates have trailed the rest of the nation. In the last twelve months, Paradise Valley's appreciation rate has been -13.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Paradise Valley were at -0.27%, which equates to an annual appreciation rate of -1.08%.

Relative to Arizona, our data show that Paradise Valley's latest annual appreciation rate is higher than 26% of the other cities and towns in Arizona.