North Phoenix Home Values Remain Well Below 2006 Peak

If you bought a home in North Phoenix at the top of the market 12 years ago and held on, you’re likely still waiting to recover your investment. Earlier this year, the median value of homes across the United States climbed back to the 2006 peak for the first time. Valuations have since risen further. Yet in North Phoenix and the rest of the Phoenix Metro Area—with a handful of exceptions—values have yet to reclaim their all-time highs, according to a new analysis by Zillow.

In most of NoPho, including Fireside at Norterra, Sonoran Foothills, Tramonto, Anthem West and the communities in between, home values in September rose year-over-year but continued to lag well behind the inflated levels just before the housing bubble burst.

The chart below shows the figures for our area, broken down by neighborhoods defined by the City of Phoenix and tracked by Zillow [see map below].

The valuations are based on Zillow estimates of all homes, whether for sale or not. The calculations differ from other measures of housing prices, such as average sales prices for existing homes, as reported in the monthly Real Estate Watch from In&Out Magazine and North Phoenix News.

Of the 176 neighborhoods in the Phoenix Metro Area analyzed by Zillow, 30 have higher median home values than North Gateway [see full list below].


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Around the Metro Area

Only two neighborhoods in the Phoenix Metro Area saw September home values decline year-over-year, according to Zillow. In the Pinnacle Peak neighborhood of Scottsdale, the median value fell 1.9 percent to $819,200, which is 19 percent off its 2006 peak.

Meanwhile, 11 neighborhoods—all in Mesa and Avondale—remain 20 percent or more below their peak in 2006.

The biggest 1-year increase in the Phoenix Metro Area was in Kleinman Park in Mesa, where home values jumped 17.4 percent to a median value of $127,000. Among pricer neighborhoods, Agritopia in Gilbert led the way with a 14.3 percent increase to a median value of $420,700.

Kleinman Park and Agritopia are among 15 neighborhoods scattered around Phoenix, Scottsdale, Mesa, Chandler, Gilbert and Avondale that have climbed back even with their peak 2006 values.

Nationwide, home values were up 7.6 percent from last September to a median of $220,100, Zillow said.


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September Home Values vs. 2006 Peak

Here is the full list from Zillow, sorted by current value (you can reorder the sort by clicking on any column header). Note that a small number of homes or a handful of outlying price points can create temporarily misleading spikes in some neighborhoods. [See: How Accurate are Zillow Estimates?]

NeighborhoodCityValue Now1 - Year ChangePeak Value% Off Peak
Pinnacle PeakScottsdale $ 819,200 -1.9% $ 1,011,900 -19.0%
CitrusMesa $ 719,800 3.4% $ 940,300 -23.4%
Estate Groves and Valencia EstatesMesa $ 632,400 0.3% $ 884,200 -28.5%
Balboa WayChandler $ 623,300 7.7% $ 756,400 -17.6%
North ScottsdaleScottsdale $ 557,100 4.3% $ 667,000 -16.5%
Desert UplandsMesa $ 547,100 10.0% $ 652,500 -16.2%
NorthgroveMesa $ 523,700 10.0% $ 675,600 -22.5%
Arden ParkChandler $ 500,300 2.3% $ 596,500 -16.1%
LehiMesa $ 466,000 11.8% $ 506,100 -7.9%
Ocotillo LakesChandler $ 460,600 7.6% $ 574,300 -19.8%
Bridges at GilbertGilbert $ 442,700 9.0% $ 442,700 0.0%
AgritopiaGilbert $ 420,700 14.3% $ 420,700 0.0%
OcotilloChandler $ 420,600 5.0% $ 488,900 -14.0%
Camelot VillageTempe $ 420,000 9.4% $ 464,800 -9.6%
Las SendasMesa $ 416,100 5.6% $ 516,900 -19.5%
Estates at SpecturmGilbert $ 411,900 8.3% $ 438,300 -6.0%
Alta MiraTempe $ 411,600 7.5% $ 464,800 -11.4%
Lakeview TrailsGilbert $ 410,000 7.3% $ 421,900 -2.8%
Desert ViewPhoenix $ 409,200 4.0% $ 504,800 -18.9%
Marbella VineyardsGilbert $ 400,200 9.3% $ 400,200 0.0%
Park PromenadeChandler $ 399,500 7.8% $ 437,100 -8.6%
Shamrock EstatesGilbert $ 399,200 6.3% $ 412,700 -3.3%
Warner RanchChandler $ 396,700 1.9% $ 476,000 -16.7%
Fox CrossingChandler $ 395,900 6.3% $ 477,800 -17.1%
Boulder MountainMesa $ 394,800 8.7% $ 477,700 -17.4%
Layton LakesGilbert $ 387,900 4.7% $ 405,000 -4.2%
Higley GrovesGilbert $ 379,900 7.2% $ 443,500 -14.3%
Ashland RanchGilbert $ 378,500 4.1% $ 462,500 -18.2%
SevilleGilbert $ 369,400 6.4% $ 399,200 -7.5%
Carino EstatesChandler $ 368,300 4.5% $ 435,200 -15.4%
North GatewayPhoenix $ 367,400 5.3% $ 444,000 -17.3%
Val Vista LakesGilbert $ 362,900 10.2% $ 424,400 -14.5%
Rancho del MarMesa $ 359,300 11.6% $ 395,700 -9.2%
Ashley ParkChandler $ 358,300 4.2% $ 430,700 -16.8%
Chaparral EstatesGilbert $ 358,000 9.7% $ 433,500 -17.4%
Lagos VistosoChandler $ 354,600 8.1% $ 436,800 -18.8%
El Dorado LakesGilbert $ 352,300 6.6% $ 414,800 -15.1%
TrilogyGilbert $ 351,400 6.4% $ 360,200 -2.4%
Red Mountain RanchMesa $ 350,900 7.6% $ 430,400 -18.5%
Lantana RanchChandler $ 350,200 7.3% $ 406,000 -13.7%
Kempton CrossingChandler $ 347,700 7.3% $ 397,300 -12.5%
South ScottsdaleScottsdale $ 343,200 8.2% $ 343,200 0.0%
Coronado RanchGilbert $ 342,900 6.4% $ 413,300 -17.0%
Highland Groves At Morrison RanchGilbert $ 342,300 8.8% $ 370,000 -7.5%
Andersen SpringsChandler $ 341,700 5.9% $ 374,800 -8.8%
VinyardsChandler $ 341,600 2.7% $ 394,300 -13.4%
Rio VistaPhoenix $ 334,800 5.6% $ 387,500 -13.6%
North ShoreGilbert $ 334,700 4.3% $ 377,100 -11.2%
Paradise ValleyPhoenix $ 334,100 7.1% $ 363,600 -8.1%
Willis RanchChandler $ 330,800 6.0% $ 379,100 -12.7%
The IslandsGilbert $ 329,700 7.5% $ 367,700 -10.3%
Sun GrovesChandler $ 329,200 7.3% $ 384,200 -14.3%
SilverhawkeGilbert $ 328,400 7.3% $ 375,800 -12.6%
Camelback EastPhoenix $ 328,200 7.4% $ 328,200 0.0%
Sierra RanchMesa $ 328,100 6.7% $ 400,800 -18.1%
Villages of EastridgeMesa $ 326,200 6.3% $ 382,100 -14.6%
Ashley HeightsGilbert $ 324,000 6.9% $ 377,400 -14.1%
Ahwatukee FoothillsPhoenix $ 320,300 5.1% $ 374,500 -14.5%
Lindsay RanchGilbert $ 316,900 7.3% $ 363,200 -12.7%
Springfield LakesChandler $ 315,800 9.3% $ 354,600 -10.9%
Sun LakesChandler $ 314,700 11.7% $ 342,700 -8.2%
VincenzGilbert $ 314,600 4.8% $ 334,600 -6.0%
Sonoma RanchGilbert $ 314,600 7.2% $ 358,400 -12.2%
TiburonChandler $ 311,400 11.9% $ 311,400 0.0%
Sunland Springs VillageMesa $ 310,300 4.6% $ 311,000 -0.2%
Finley FarmsGilbert $ 309,600 7.7% $ 355,700 -13.0%
Optimist Park SETempe $ 306,600 10.5% $ 308,500 -0.6%
Western SkiesGilbert $ 304,300 5.8% $ 349,700 -13.0%
The GrovesMesa $ 303,000 8.1% $ 329,400 -8.0%
Val Vista PlaceGilbert $ 302,400 6.0% $ 346,700 -12.8%
Cooper CommonsChandler $ 301,700 6.4% $ 341,400 -11.6%
Greenfield LakesGilbert $ 301,600 9.6% $ 343,600 -12.2%
San Tan RanchGilbert $ 301,500 7.8% $ 348,500 -13.5%
Carol Rae RanchGilbert $ 301,300 9.9% $ 334,300 -9.9%
Meridian PointeMesa $ 299,800 6.4% $ 353,400 -15.2%
Wind DriftGilbert $ 299,300 7.8% $ 331,100 -9.6%
RidgeviewMesa $ 298,700 7.8% $ 335,600 -11.0%
Lago EstanciaGilbert $ 298,200 9.2% $ 324,700 -8.2%
Santa Rita RanchMesa $ 297,800 8.2% $ 345,900 -13.9%
Power RanchGilbert $ 297,200 7.8% $ 328,400 -9.5%
Cooley Station NorthGilbert $ 296,200 6.2% $ 340,000 -12.9%
Rural-GenevaTempe $ 292,600 5.5% $ 292,600 0.0%
SummitMesa $ 292,400 8.6% $ 318,900 -8.3%
SpectrumGilbert $ 292,100 6.4% $ 335,200 -12.9%
Lyon's GateGilbert $ 290,100 9.3% $ 302,600 -4.1%
The TraditionsChandler $ 290,100 6.9% $ 321,400 -9.7%
Optimist Park SWTempe $ 290,000 7.2% $ 295,400 -1.8%
Neely CommonsGilbert $ 289,400 8.3% $ 329,600 -12.2%
Higley ParkGilbert $ 286,400 7.1% $ 299,600 -4.4%
SpringsChandler $ 286,400 8.8% $ 322,800 -11.3%
Twelve OaksChandler $ 286,300 6.6% $ 312,700 -8.4%
Hughes AcresTempe $ 285,800 5.0% $ 285,800 0.0%
Optimist Park NWTempe $ 285,800 6.9% $ 291,000 -1.8%
Mountain RanchMesa $ 285,000 9.2% $ 317,100 -10.1%
Rancho Del VerdeGilbert $ 284,900 7.3% $ 325,800 -12.6%
EncantoPhoenix $ 283,400 13.0% $ 283,400 0.0%
Stonegate EstatesMesa $ 282,700 5.6% $ 332,300 -14.9%
Dobson WoodsMesa $ 282,000 10.6% $ 283,700 -0.6%
Park VillageGilbert $ 281,000 9.0% $ 299,900 -6.3%
Cooley StationGilbert $ 281,000 7.0% $ 308,200 -8.8%
Crimson CreekMesa $ 280,300 8.3% $ 313,000 -10.4%
StonecreekGilbert $ 277,000 7.7% $ 296,400 -6.5%
Augusta RanchMesa $ 276,700 7.3% $ 313,800 -11.8%
Neely FarmsGilbert $ 275,900 8.6% $ 302,100 -8.7%
Dava-LakeshoreTempe $ 275,600 9.7% $ 275,600 0.0%
Towne MeadowsGilbert $ 274,900 8.4% $ 298,000 -7.8%
NTNA - CollegeTempe $ 274,800 9.2% $ 275,200 -0.1%
Superstition SpringsMesa $ 274,700 8.2% $ 298,400 -7.9%
Boulder CreekMesa $ 274,700 7.0% $ 313,500 -12.4%
Gilbert RanchGilbert $ 274,100 5.8% $ 314,000 -12.7%
Dobson RanchMesa $ 273,600 8.0% $ 281,000 -2.6%
Tempe GardensTempe $ 272,900 1.6% $ 273,400 -0.2%
Gateway VillageGilbert $ 272,900 7.1% $ 302,600 -9.8%
Optimist Park NETempe $ 271,200 4.9% $ 272,200 -0.4%
Tempe Royal EstatesTempe $ 270,900 7.6% $ 285,900 -5.2%
The ProvincesChandler $ 269,800 6.1% $ 297,100 -9.2%
Cottonwoods CrossingGilbert $ 267,500 7.7% $ 297,600 -10.1%
Knoell EastChandler $ 264,900 7.0% $ 270,900 -2.2%
Marlborough MesaMesa $ 264,100 8.7% $ 267,700 -1.3%
GilillandTempe $ 261,800 -0.4% $ 264,300 -0.9%
Alta MesaMesa $ 261,200 4.7% $ 301,900 -13.5%
Arizona SkylineMesa $ 259,400 8.1% $ 308,300 -15.9%
Garden LakesAvondale $ 256,900 5.2% $ 321,500 -20.1%
WoodglenChandler $ 256,300 3.9% $ 259,400 -1.2%
Del Rio RanchAvondale $ 254,200 9.0% $ 280,100 -9.2%
Ray RanchGilbert $ 253,600 6.2% $ 271,400 -6.6%
Parkwood RanchMesa $ 253,000 9.4% $ 284,400 -11.0%
Apache WellsMesa $ 252,100 5.3% $ 263,400 -4.3%
SpringfieldChandler $ 250,700 8.5% $ 255,400 -1.8%
Royal PalmsMesa $ 250,100 8.3% $ 258,800 -3.4%
WillowsGilbert $ 249,600 9.9% $ 258,600 -3.5%
Lesueur EstatesMesa $ 248,600 8.7% $ 287,500 -13.5%
Park of the CanalsMesa $ 248,400 8.6% $ 254,800 -2.5%
Roosevelt ParkAvondale $ 246,800 5.8% $ 310,400 -20.5%
Deer ValleyPhoenix $ 246,200 5.8% $ 268,000 -8.1%
Sage CreekAvondale $ 245,200 5.3% $ 303,100 -19.1%
Meridian HillsMesa $ 245,000 7.2% $ 281,300 -12.9%
Amberwood NorthChandler $ 243,200 7.6% $ 244,200 -0.4%
Crystal GardenAvondale $ 241,200 5.4% $ 311,900 -22.7%
Corte SierraAvondale $ 237,800 7.4% $ 296,500 -19.8%
BuckhornMesa $ 236,500 7.3% $ 246,000 -3.9%
Sunland Village EastMesa $ 236,500 6.4% $ 249,600 -5.2%
Signal Butte RanchMesa $ 236,300 8.9% $ 269,200 -12.2%
Rancho Santa FeAvondale $ 234,400 6.6% $ 296,900 -21.1%
Summer Place VillageMesa $ 231,000 6.3% $ 231,700 -0.3%
Coldwater RidgeAvondale $ 228,300 9.9% $ 278,500 -18.0%
The GardensGilbert $ 228,000 9.7% $ 267,700 -14.8%
Leisure WorldMesa $ 227,600 7.1% $ 253,500 -10.2%
LaveenPhoenix $ 227,200 8.4% $ 271,400 -16.3%
GlenhurstAvondale $ 225,100 7.0% $ 291,800 -22.9%
Coldwater SpringsAvondale $ 223,300 7.2% $ 278,700 -19.9%
CW RanchAvondale $ 222,700 6.8% $ 263,900 -15.6%
Golden HillsMesa $ 222,000 7.1% $ 241,500 -8.1%
Reed ParkMesa $ 214,200 12.2% $ 214,200 0.0%
Cambridge EstatesAvondale $ 214,200 10.4% $ 277,100 -22.7%
WestwindAvondale $ 214,000 8.0% $ 270,400 -20.9%
North MountainPhoenix $ 211,600 10.3% $ 223,200 -5.2%
SunbirdChandler $ 210,500 9.6% $ 216,500 -2.8%
Powell EstatesMesa $ 206,000 10.9% $ 212,800 -3.2%
Sunland VillageMesa $ 206,000 9.4% $ 215,700 -4.5%
United AmigosMesa $ 202,100 13.5% $ 203,000 -0.4%
Harbor ShoresAvondale $ 201,500 8.3% $ 258,000 -21.9%
EstrellaPhoenix $ 201,400 9.5% $ 243,000 -17.1%
GalvestonChandler $ 200,300 9.5% $ 200,300 0.0%
Community FiestaMesa $ 199,100 17.2% $ 199,100 0.0%
Fountain of the SunMesa $ 198,800 11.4% $ 198,800 0.0%
EncantoMesa $ 196,600 7.5% $ 215,500 -8.8%
RiversideTempe $ 192,500 8.2% $ 212,300 -9.3%
South MountainPhoenix $ 188,100 12.4% $ 207,200 -9.2%
NorthpointeMesa $ 182,100 7.2% $ 191,500 -4.9%
EscalanteTempe $ 181,600 8.0% $ 195,000 -6.9%
AlhambraPhoenix $ 180,500 4.0% $ 204,500 -11.7%
SunsetTempe $ 168,700 12.0% $ 178,500 -5.5%
Mesa GrandeMesa $ 150,800 12.7% $ 162,700 -7.3%
Historic AvondaleAvondale $ 136,300 8.4% $ 136,300 0.0%
Kleinman ParkMesa $ 127,000 17.4% $ 127,200 -0.2%


North Phoenix Neighborhoods

Here are the neighborhoods defined by the City of Phoenix and tracked by Zillow:

north phoenix neighborhoods

Robert Roy Britt
NoPho resident Robert Roy Britt has written for In&Out publications since its inception in 2005. Britt began his journalism career in New Jersey newspapers in the early 1990s. He later became a science writer and was editor-in-chief of the online media sites Space.com and Live Science. He has written four novels. Email the author.
Robert Roy Britt on Email

Robert Roy Britt

NoPho resident Robert Roy Britt has written for In&Out publications since its inception in 2005. Britt began his journalism career in New Jersey newspapers in the early 1990s. He later became a science writer and was editor-in-chief of the online media sites Space.com and Live Science. He has written four novels. Email the author.

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