The story of this market
The typical home in ZIP 85242 sells for about $412,000, or $235 per square foot.
Prices are up +5.1% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $2,450 a month.
ZIP 85242 — Queen Creek
The housing market in 85242 shows signs of stability with modest year-over-year price appreciation and balanced inventory levels. Demand remains supported by the area's appeal to families, though buyers are increasingly sensitive to interest rate fluctuations. Overall, the market is performing in line with broader regional trends.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with access to modern amenities, newer housing stock, and a relatively quiet residential environment.
Median prices moved up 5.1% year over year.
Homes spend a median of 48 days on market with 3.3 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 5.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 85242, Arizona
Crime rates in this area remain low relative to the broader Phoenix metropolitan region, with property crime being the primary reported concern.
Schools serving this ZIP are generally well-regarded, with many institutions maintaining high performance ratings within the local district.
The area faces standard desert climate risks, including extreme heat and occasional monsoon-related wind events; flood risk is generally low but varies by specific parcel.
The area is experiencing steady residential expansion with ongoing infrastructure improvements to support the growing population and proximity to major employment hubs in the East Valley.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Arizona) — Senior Property Valuation Protection Option (Senior Freeze): Provides a 'freeze' on the valuation of the property for tax purposes, limiting the growth of the property tax burden for eligible seniors. State (Arizona) — Arizona Property Tax Assessment: The tax is calculated by applying an assessment ratio to the property's Limited Property Value (LPV). For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Arizona Property Tax Assessment: Property tax is calculated using the formula: (Full Cash Value or Limited Property Value) x Assessment Ratio = Net Assessed Value. The Net Assessed Value is then multiplied by the local tax rate. For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Delinquent Property Tax Lien Sale and 3-Year Redemption Foreclosure: The county treasurer sells a tax lien certificate via public auction to the investor bidding the lowest annual rate of interest (ranging from 16% down to 0% per annum under A.R.S. § 42-18114). State (Arizona) — Statutory Residential Homestead Exemption: Exempts up to $400,000 of equity in an owner-occupied primary dwelling from attachment, execution, and forced sale arising from unsecured civil judgment liens.
Commuters typically rely on major arterial roads and highways to reach employment centers in Queen Creek, Mesa, and the broader Phoenix metro area.
Residents have access to local community parks, nearby desert trail systems for hiking, and several golf courses within a short driving distance.
The rental market is characterized by moderate demand, with a mix of single-family home rentals and newer apartment complexes maintaining stable vacancy rates.
The local economy is driven by retail, construction, and services, with many residents commuting to larger employment centers in the Phoenix metro area.
Transportation is primarily automobile-dependent, with regional connectivity provided by major highway corridors.
Development is focused on residential growth and the expansion of commercial services to meet the needs of the increasing population.
The county appraisal district conducts annual assessments based on market value, with property owners having the right to appeal valuations.
Parcels are subject to various special districts, including school districts, fire districts, and potential community facilities districts (CFDs) for infrastructure financing.
Property insurance premiums are influenced by regional wildfire and wind risk factors, with market availability remaining stable.
The state continues to see positive net domestic migration, driven by job growth and lifestyle preferences.
Arizona is primarily a non-judicial foreclosure state, with a standard process for trustee sales following notice of default.
Sellers are required to provide a comprehensive disclosure statement regarding the condition of the property to potential buyers.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Major retail and dining hub serving the local community.
Features sports fields and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.