Scottsdale Real Estate Market Overview
Average Monthly Rent:
$1,479
Percentage Change in Home Price/Value:
3.60%
Median Home Value:
$478,300
Best Time To Sell Home:
November
Affordability Index:
141.2
Days To Sell House:
77.208
Job Market:
Strong
Public School Ranking:
41
Location and Weather
Scottsdale is in south-central Arizona and is a residential-resort suburb of Phoenix. With its mild climate and beautiful desert landscape, Scottsdale is geared to those that want an outdoor lifestyle. Pinnacle Peak rises 3,169 ft in Pinnacle Park, a 150-acre park with hiking trails. The park is a part of the Sonoran Desert. Scottsdale is also home to famous architect Frank Lloyd Wright’s school Taliesan West.
Scottsdale’s desert climate is warm from late May to late September with an average high temperature above 97 degrees and lows in the low 80’s. The cool season is from mid-November to late February with average high temperatures below 73 degrees and lows in the mid 40’s.
Population, Job Market and Cost of Living
Scottsdale’s population in 2018 was 255,310 with an annual growth rate of 1.49%. The job market has increased by 3.3% over last year. 10-year predicted future job growth is 51.2%. The largest employers in Scottsdale are Health Care & Social Assistance, Professional, Scientific & Technical Services, and Retail Trade. Scottsdale’s major business include Realty Executives, Tallwave and Business & Decision North America. The cost of living is high because of the Scottsdale real estate market and higher housing costs.
With a spectacular location near the Sonoran Desert, mild climate, increased job growth and outdoor resort lifestyle, Scottsdale continues to attract residents, retirees and jobseekers.
