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Paradise Valley

Learn about the people, housing, costs and businesses in Paradise Valley, Arizona

Median Home$1,992,855
Median Rent$3,471/month
Population12,689
Leading IndustriesProfessional Services · Education · Healthcare6% professional services
Home Value Growth+3.9% over 2 years
Retirees33% of residentstop 4% nationally
Homeowners95% of occupied units
NotableHigh Incomes$232k/year · top 1% nationally
NotableHighly Educated37% bachelor's · 16% graduate · top 2% nationally
Paradise Valley
AZ

Explore Paradise Valley

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Paradise Valley?

As of today, the 30-year fixed mortgage rate for Paradise Valley is approximately 6.773% (6.805% 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 Paradise Valley?

The median home value in Paradise Valley is $2.0M. The median monthly rent is $3,471. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Paradise Valley?

Home values in Paradise Valley have increased 3.9% 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 Paradise Valley?

Based on a typical all-in ownership cost of $3,324/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $142k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Paradise Valley is $232k/year.

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What industries drive the economy in Paradise Valley?

The largest employment sectors in Paradise Valley are public administration (24%) and healthcare (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.