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Scottsdale real estate market overview
- Average Monthly Rent: $2,092
- Home Price/Value Percentage Change: 0.60%
- Median Home Value: $753,075
- Best Time To Sell a Home: April
- Affordability Index: Low
- Days To Sell a House: 60
- Job Market: Fair
- Public School Ranking: 48
Location and weather
Located in Maricopa County, Scottsdale is known as "The West's Most Western Town". This city is centrally located between both the mountains and beaches, so there's an abundance of nature perfect for out-door activities. Over the last few years, this city has seen substantial growth and now has a thriving social scene, busy nightlife, and friendly community. A variety of festivals, such as the Scottsdale Arts Festival, Culinary Festival, International Film Festival, and Taco Festival are some of the few local events that take place throughout the year here. Scottsdale is also a safe city with low crime and impressive schools.
The weather here is typically warm and sunny, but winter months do get cold with temperatures in the 40s.
Population, job market and cost of living
Scottsdale has a population of 248,555, with a growth rate of 0.97% annually.
The job market has decreased by -1.97% over the last year. In ten years, job growth is predicted to be 51.22%. The job market here is diverse, and has experienced growth in finance, insurance, professional, scientific and technical sectors of the employment pool. The highest paying industries are healthcare and social assistance, administrative support, finance and insurance, and retail trade. Overall, the economy here has proved to be resilient.
Scottsdale is an expensive city to live in, with housing being the largest overall cost for residents here.
Scottsdale real estate market details
- Villa Monterey
- Ancala
- Old Town
- DC Ranch
- South Scottsdale
- Shea Corridor
- Troon North
The average monthly rent in Scottsdale is $2,092 for an average apartment size of 943 sq. feet.
There has been a 0.6% increase in median home value over the last year. As of 2023, the median home value is $753,075.
On average, homes in Scottsdale sell after 60 days on the market.
Home sales in April have shown to earn homeowners the most amount of money. Sales in November have shown to be the quickest sales.
The affordability index in Scottsdale is 142. This number indicates low affordability in this city.
The top ranked public schools are Great Hearts Academies, BASIS Scottsdale Primary, Cheyenne Traditional Elementary, Cactus Shadows High School and Chaparral High School. This information is based on data measuring academic performance and equity.