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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.10% |
| One Bedroom | 0.50% |
| Two Bedrooms | 4.90% |
| Three Bedrooms | 30.10% |
| Four Bedrooms | 43.40% |
| Five Bedrooms or more | 20.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.7 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $722,700 |
| Median Price asked for vacant units | $1,000,001 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.91 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $541 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 7.40% |
| Home Equity Loan | 11.40% |
| Simple Mortgage | 47.70% |
| Debt Free | 33.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
