Market Overview
Home Prices in Eloy, AZ
The median home value in Eloy, AZ is $272,989 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.8% compared to a year ago and down 5.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Eloy are priced33% below average. Eloy is part of the Phoenix-Mesa-Chandler, AZ metro area.
Over the past five years, Eloy home values have risen by approximately11.7%, reflecting steady appreciation in this market.
Price History
Eloy Home Price Trend
2020
$193,649
$194K
—
2021
$244,417
$244K
+26.2%
2022
$308,355
$308K
+26.2%
2023
$281,977
$282K
-8.6%
2024
$294,350
$294K
+4.4%
2025
$277,958
$278K
-5.6%
2026
$272,989
$273K
-1.8%
City Comparison
Eloy vs. National Median
🏠 Eloy
$272,989
National Median
$410,000
At $272,989, homes in Eloy cost 33% below the national median of $410,000. This makes Eloy a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Eloy?
20% Down Payment
$54,598
on $272,989
Monthly P&I
$1,424/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,808/mo
incl. taxes & insurance
Income Needed
$72,320
gross annual (30% rule)
10% Down Option
$27,299
+ PMI applies
Loan Amount (20% dn)
$218,391
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Eloy, AZ?
The median home value in Eloy is $272,989 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.8% year-over-year.
How much have home prices changed in Eloy?
Over the past year, home values in Eloy have decreased by 1.8%. Over five years, prices have risen approximately 11.7%.
How much do I need to earn to buy a home in Eloy?
To comfortably afford the median home price of $272,989 with a 20% down payment ($54,598) at today's rates (6.8%), you'd need a gross annual income of approximately $72,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Eloy compare to the national average home price?
The national median home value is approximately $410,000. At $272,989, homes in Eloy are 33% below the national average.
What metro area is Eloy part of?
Eloy is part of the Phoenix-Mesa-Chandler, AZ metropolitan area. Home prices and market conditions can vary across the broader metro region.