Paradise Valley, AZ Real Estate

According to census data in the year 2000 there were 5,549 housing units in Paradise Valley. This represents a 16.8% growth from 4,750 in 1990.

Of those housing units, 5,549 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Paradise Valley is about 96.8%. Paradise Valley's vacancy rate, including seasonal lodging, is about 8.4%. Average household size is 2.68 people.

The majority of houses, apartments or condos in Paradise Valley were built after 1974.


Housing Size

Housing Units by Size
Studio Type0.10%
One Bedroom0.50%
Two Bedrooms4.90%
Three Bedrooms30.10%
Four Bedrooms43.40%
Five Bedrooms or more20.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.7
Median year structure was built1975
Median Value of occupied units$722,700
Median Price asked for vacant units$1,000,001

Rented Homes, Apartments and Condos

Average Household Size1.91
Median year structure was built1962
Median Monthly Rent asked for vacant units$541

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage7.40%
Home Equity Loan11.40%
Simple Mortgage47.70%
Debt Free33.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.7%