Paradise Valley, AZ Profile: Facts & Data

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Paradise Valley, Arizona - Basic Facts

The Town of Paradise Valley had a population of 12,907 as of July 1, 2024. Paradise Valley ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Arizona. See peer rankings below.

The primary coordinate point for Paradise Valley is located at latitude 33.5312 and longitude -111.9426 in Maricopa County. The formal boundaries for the Town of Paradise Valley encompass a land area of 15.41 sq. miles and a water area of 0.03 sq. miles. Maricopa County is in the Mountain time zone (GMT -7).

The Town of Paradise Valley has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Arizona is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Paradise Valley is located within Phoenix Division of Maricopa County.


Jump to... (On This Page!)
  1. Paradise Valley 2024 Demographic Data
  2. Growth Rates for Paradise Valley (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Arizona Research Tools (Easy Tools & Current Data)
  3. Arizona Data Comparison Tool - 2024 Demographics
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Paradise Valley, AZ Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 12,907 (100%)
Population in Households 12,876 (99.8%)
Population in Families 11,272 (87.3%)
Population in Group Quarters1 31 ( 0.2%)
Population Density 839
Diversity Index2 40
 
 

INCOME

Median Household Income $200,001
Average Household Income $296,808
% of Income for Mortgage4 57%
Per Capita Income $113,236
Wealth Index5 369
Socioeconomic Status Index6 High (71.1)
 

HOUSING

Total HU (Housing Units) 5,865 (100%)
Owner Occupied HU 4,746 (80.9%)
Renter Occupied HU 178 ( 3.0%)
Vacant Housing Units 941 (16.0%)
Median Home Value $1,806,966
Average Home Value $1,677,692
Housing Affordability Index3 46
 

HOUSEHOLDS

Total Households 4,924
Average Household Size 2.61
Family Households 3,897
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2024 2024-2029
Population 0.46% 0.06%
Households 0.84% 0.35%
Families   0.34%
Median Household Income   0.00%
Per Capita Income   2.43%
Owner Occupied HU   0.48%

Paradise Valley, AZ - Peer Comparisons by Rank and Percentile

The table below compares Paradise Valley to the other 467 incorporated cities, towns and CDPs in Arizona by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 60 87th
Population Density # 79 83rd
Median Household Income # 1 100th
Housing Affordability Index # 112 24th
Per Capita Income # 1 100th
Diversity Index # 280 40th

Additional comparisons and rankings can be made with a VERY EASY TO USE Arizona Census Data Comparison Tool.

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