The story of this market
The typical home in ZIP 85383 sells for about $657,500, or $268 per square foot.
Prices are down 3% from a year ago, which gives buyers more room to negotiate. Homes take about 76 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,500 a month.
ZIP 85383 — Peoria
The 85383 housing market is currently experiencing a period of adjustment with a median sale price of $657,500, reflecting a 3% year-over-year decline. While demand remains strong, the market is softening slightly as evidenced by longer days on market compared to the previous year. The area continues to attract families due to its high-quality schools and suburban lifestyle.
This ZIP is ideal for families and professionals seeking suburban living with access to modern amenities, quality schools, and outdoor recreation, while maintaining a commute to the Phoenix metro area.
Median prices moved down 3.0% year over year.
Homes spend a median of 76 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 4.0% — a stable, low-distress profile.
ZCTA 85383, Maricopa County AZ
The area is served by highly-rated public schools within the Peoria Unified School District, which is generally characterized as providing strong educational outcomes for families.
The area faces typical desert climate risks, including extreme heat and potential for localized flash flooding during monsoon season; insurance premiums are influenced by these regional environmental factors.
The area exhibits steady growth driven by residential expansion and proximity to major employment hubs in the Northwest Valley, with ongoing infrastructure development to support the increasing population.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Arizona) — Senior Property Valuation Protection Option (Senior Freeze): Provides a 'freeze' on the valuation of the property for tax purposes, limiting the growth of the property tax burden for eligible seniors. State (Arizona) — Arizona Property Tax Assessment: The tax is calculated by applying an assessment ratio to the property's Limited Property Value (LPV). For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Arizona Property Tax Assessment: Property tax is calculated using the formula: (Full Cash Value or Limited Property Value) x Assessment Ratio = Net Assessed Value. The Net Assessed Value is then multiplied by the local tax rate. For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Delinquent Property Tax Lien Sale and 3-Year Redemption Foreclosure: The county treasurer sells a tax lien certificate via public auction to the investor bidding the lowest annual rate of interest (ranging from 16% down to 0% per annum under A.R.S. § 42-18114). State (Arizona) — Statutory Residential Homestead Exemption: Exempts up to $400,000 of equity in an owner-occupied primary dwelling from attachment, execution, and forced sale arising from unsecured civil judgment liens.
Residents primarily rely on personal vehicles for commuting, with access to major corridors like Loop 303 and US-60 providing connectivity to the broader Phoenix metropolitan employment centers.
The area features extensive access to outdoor amenities, including proximity to Lake Pleasant Regional Park, numerous community parks, golf courses, and local shopping centers.
The rental market shows steady demand with a median rent of $2,500, reflecting a stable environment for tenants and investors in this suburban residential ZIP.
The local economy is supported by a mix of retail, healthcare, and professional services, with significant employment opportunities accessible in the surrounding Peoria and Phoenix metro area.
Parcels are subject to various special districts including school districts, fire districts, and potential community facilities districts (CFDs) common in newer master-planned developments.
Data sourced from Census Reporter and ACS profiles for ZCTA 85383.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major regional destination for boating, fishing, and hiking located near the ZIP.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).