For investment owners and prospective buyers, Paradise Valley is an excellent choice. Ranked in the top 3 for higher than average rent rates by Zillow, Paradise Valley has a variety of neighborhoods and amenities that make a rental home very enticing to renters.
The median home value in Paradise Valley is $1,621,200. Paradise Valley home values have gone up 1.9% over the past year and Zillow predicts they will rise 1.0% within the next year. The median list price per square foot in Paradise Valley is $414, which is higher than the Phoenix Metro average of $149. The median price of homes currently listed in Paradise Valley is $2,421,500 while the median price of homes that sold is $1,360,464.