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New River

Learn about the people, housing, costs and businesses in New River, Arizona

Median Home$573,063
Median Rent$2,133/month
Population18,065
Leading IndustriesProfessional Services · Wholesale Trade · Education3% professional services
Home Value Growth+7.6% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners95% of occupied units
NotableHigh Incomes$122k/year · top 8% nationally
NotableVeteran Community11% of residents · top 9% nationally
New River
AZ

Frequently Asked Questions

What are today's mortgage rates in New River?

As of today, the 30-year fixed mortgage rate for New River is approximately 6.821% (6.854% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New River?

The median home value in New River is $573k. The median monthly rent is $2,133. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New River?

Home values in New River have increased 7.6% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New River?

Based on a typical all-in ownership cost of $1,849/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $79k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New River is $122k/year.

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What industries drive the economy in New River?

The largest employment sectors in New River are wholesale trade (12%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.