Market Snapshot
- Median listing price
- $1.01M
- Median rent
- $2,695/mo
- Days on market
- 68 days
- Gross rental yield
- 3.19%
- STR vs LTR
- $3,763/mo STR · $2,695/mo LTR
The median listing price in Scottsdale, AZ ZIP 85254 is $1,012,450 as of September 2026.
The median market rent in Scottsdale, AZ ZIP 85254 is $2,695/month as of September 2026.
The median days on market in Scottsdale, AZ ZIP 85254 is 68 days as of September 2026. The market is currently neutral.
At a median list price of $1,012,450 and a median rent of $2,695/month, the gross rental yield in Scottsdale, AZ ZIP 85254 is 3.19% as of September 2026.
In Scottsdale, AZ ZIP 85254, median Airbnb revenue is $3,763/month compared to median long-term rent of $2,695/month as of September 2026.
Scottsdale, AZ 85254 Real Estate Market Report
ZIP Code: 85254
Report Date: September 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Scottsdale, AZ, are averaging approximately 6.78%, which is 0.79% higher than the 5.99% average observed earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary indicator of recent transactions is the $1,049,000 median sold price, which positions Scottsdale 85254 as a high-value market; the median listing price of $1,012,450 appears slightly below recent transaction levels, suggesting some pricing friction between seller expectations and realized sales (balanced but scrutinized pricing).
- Liquidity shows slower velocity rather than a market collapse: the median days on market is 68, which may indicate more time to transact and a shift toward a more deliberate buyer/seller negotiation process (moderate transaction velocity).
- Rent-side fundamentals remain supportive for investors: the median market rent of $2,695 and a rent year-over-year trend that is up suggest continued rental demand, which could sustain price floors for investment-grade SFR and condos (rising rental demand).
- Macro pressure is a headwind for buyer financing: interest rate pressure is flagged as elevated, and local mortgage commentary shows 30-year fixed rates averaging approximately 6.78% (about 0.79% higher than earlier in 2026), which may limit buyer purchasing power and keep the market in a neutral, balanced state (elevated interest rate pressure).
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Quick sale indicating strong buyer demand and competitive market conditions.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Below-market acquisition. Investor purchase with value-add potential through renovation.
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.66% rate, 0.4% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 9/4/2026
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