Market Overview
Home Prices in Paradise Valley, AZ
The median home value in Paradise Valley, AZ is $3,581,537 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.2% compared to a year ago and up 10.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Paradise Valley are priced774% above average. Paradise Valley is part of the Phoenix-Mesa-Chandler, AZ metro area.
Over the past five years, Paradise Valley home values have risen by approximately72.5%, reflecting strong long-term appreciation in this market.
Price History
Paradise Valley Home Price Trend
City Comparison
Paradise Valley vs. National Median
At $3,581,537, homes in Paradise Valley cost 774% above the national median of $410,000. Buyers in Paradise Valley should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Paradise Valley?
20% Down Payment
$716,307
on $3,581,537
Monthly P&I
$18,679/mo
30-yr @ 6.8%
Total Monthly Est.
~$23,722/mo
incl. taxes & insurance
Income Needed
$948,880
gross annual (30% rule)
10% Down Option
$358,154
+ PMI applies
Loan Amount (20% dn)
$2,865,230
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 Paradise Valley, AZ?
The median home value in Paradise Valley is $3,581,537 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.2% year-over-year.
How much have home prices changed in Paradise Valley?
Over the past year, home values in Paradise Valley have increased by 11.2%. Over five years, prices have risen approximately 72.5%.
How much do I need to earn to buy a home in Paradise Valley?
To comfortably afford the median home price of $3,581,537 with a 20% down payment ($716,307) at today's rates (6.8%), you'd need a gross annual income of approximately $948,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Paradise Valley compare to the national average home price?
The national median home value is approximately $410,000. At $3,581,537, homes in Paradise Valley are 774% above the national average.
What metro area is Paradise Valley part of?
Paradise Valley is part of the Phoenix-Mesa-Chandler, AZ metropolitan area. Home prices and market conditions can vary across the broader metro region.