Market Snapshot
- Median listing price
- $615K
- Median rent
- $1,799/mo
- Days on market
- 466 days
- Gross rental yield
- 3.51%
- STR vs LTR
- $1,647/mo STR · $1,799/mo LTR
The median listing price in Scottsdale, AZ ZIP 85257 is $615,000 as of June 2026.
The median market rent in Scottsdale, AZ ZIP 85257 is $1,799/month as of June 2026.
The median days on market in Scottsdale, AZ ZIP 85257 is 466 days as of June 2026. The market is currently neutral.
At a median list price of $615,000 and a median rent of $1,799/month, the gross rental yield in Scottsdale, AZ ZIP 85257 is 3.51% as of June 2026.
In Scottsdale, AZ ZIP 85257, median Airbnb revenue is $1,647/month compared to median long-term rent of $1,799/month as of June 2026.
Scottsdale, AZ 85257 Real Estate Market Report
ZIP Code: 85257
Report Date: June 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
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
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 the 85257 area are averaging approximately 6.5% to 6.7%, reflecting a period of elevated borrowing costs compared to earlier 2026 levels.
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 local market value is the median sold price: $544,000, which represents the most recent representative recent sale and should be used ahead of asking prices when assessing comps (use sold price for valuation).
- There is a meaningful gap between the median listing price ($615,000) and the median sold price, which may indicate pricing friction or seller optimism relative to recent transaction levels (possible pricing spread).
- The median days on market (466) is very long by typical market standards and suggests slower sales velocity and prolonged time to contract; combined with a neutral market temperature, this appears to support a balanced market with some buyer negotiating leverage.
- Rental fundamentals remain supportive: the median market rent ($1,799) is rising while the rent year-over-year trend is up, even as borrowing costs are elevated—current 30-year fixed mortgage rates are averaging approximately 6.5% to 6.7%, consistent with the stated elevated interest rate pressure—this mix suggests owner-occupier affordability remains pressured while rental demand may stay resilient.
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
Sold above market average
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.
Sold below market average
Sold at 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, 6.53% rate, 0.3% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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