{
  "schema_version": "1.0",
  "submarket": {
    "slug": "paradise-valley-az",
    "name": "Paradise Valley",
    "state": "AZ",
    "city": "PARADISE VALLEY",
    "cbsa": "Phoenix-Mesa-Chandler",
    "zip_codes": [
      "85253"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-20T00:52:06.817Z",
    "last_updated_at": "2026-06-02T13:18:10.560Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1560,
        "low": 1505,
        "high": 1614,
        "mom_pct": -7.33,
        "yoy_pct": -7.269999999999999
      },
      "2br": {
        "median": 1624,
        "low": 1542,
        "high": 1705,
        "mom_pct": -8.16,
        "yoy_pct": -17.67
      },
      "3br": {
        "median": 2171,
        "low": 2095,
        "high": 2247,
        "mom_pct": 1.57,
        "yoy_pct": -7.52
      },
      "4br": {
        "median": 3229,
        "low": 3132,
        "high": 3313,
        "mom_pct": 0.22000000000000003,
        "yoy_pct": 1.51
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1577,
        "low": 1527,
        "high": 1627,
        "mom_pct": 0.06,
        "yoy_pct": -3.43
      },
      "2br": {
        "median": 2141,
        "low": 2066,
        "high": 2216,
        "mom_pct": -2.3,
        "yoy_pct": 7.32
      },
      "3br": {
        "median": 2697,
        "low": 2616,
        "high": 2778,
        "mom_pct": -1.7100000000000002,
        "yoy_pct": -2.35
      },
      "4br": {
        "median": 3309,
        "low": 3210,
        "high": 3408,
        "mom_pct": 0.52,
        "yoy_pct": 1.3500000000000003
      }
    },
    "single_family": {
      "1br": {
        "median": 1899,
        "low": 1838,
        "high": 1960,
        "mom_pct": 0.36999999999999994,
        "yoy_pct": 5.03
      },
      "2br": {
        "median": 2327,
        "low": 2269,
        "high": 2385,
        "mom_pct": -4.72,
        "yoy_pct": 1.97
      },
      "3br": {
        "median": 2766,
        "low": 2683,
        "high": 2849,
        "mom_pct": -0.5,
        "yoy_pct": 0.58
      },
      "4br": {
        "median": 3305,
        "low": 3206,
        "high": 3404,
        "mom_pct": -4.91,
        "yoy_pct": -2.91
      }
    }
  },
  "vacancy": 3.5389,
  "days_on_market": {
    "apartment": 33,
    "condo_townhome": 29,
    "single_family": 27
  },
  "ai_summary": [
    {
      "headline": "2BR apartment rents drop 17.67% YoY",
      "body": "Within Paradise Valley (85253), 2-bedroom apartments saw the steepest annual decline, with median rent dropping to $1,624—down 17.67% year-over-year as of April 2026. This decrease marks the largest YoY contraction among all analyzed segments in the area."
    },
    {
      "headline": "Single-family 1BR rents rise 5.03% YoY",
      "body": "The single-family 1-bedroom segment in Paradise Valley (85253) reached $1,899 for median rent, reflecting a 5.03% increase year-over-year. This puts single-family units ahead of comparable apartments and condos by $339 and $322, respectively, indicating higher renter willingness to pay for detached options."
    },
    {
      "headline": "3BR apartment rents climb 1.57% MoM",
      "body": "April’s Paradise Valley (85253) rental trends highlight 3-bedroom apartments, where median rent increased 1.57% month-over-month to $2,171. This segment was one of the few apartment types to achieve positive monthly growth, contrasting sharply with declines seen in smaller units."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Paradise Valley, AZ range from $1,560 to $3,309 per month depending on property type and bedroom count.",
      "The largest year-over-year increase occurred for 2BR condo/townhomes in Paradise Valley, AZ, where rents grew 7.32%.",
      "For 1BR units in Paradise Valley, AZ, single-family homes have a median rent of $1,899 while apartments are lower at $1,560."
    ],
    "qa": [
      {
        "question": "What are the typical rent prices in Paradise Valley, AZ for April 2026?",
        "answer": "As of April 2026, rents in Paradise Valley, AZ range from $1,560 per month for 1BR apartments up to $3,309 for 4BR condo/townhomes."
      },
      {
        "question": "Are rents overall rising or falling in Paradise Valley, AZ as of April 2026?",
        "answer": "The data shows mixed trends in Paradise Valley, AZ: apartment rents mostly declined year-over-year (up to -17.67% for 2BR), while condo/townhomes had some increases (up to 7.32% for 2BR), and single-family homes showed modest growth or small declines depending on the bedroom count."
      },
      {
        "question": "What is the most affordable rental option in Paradise Valley, AZ according to April 2026 data?",
        "answer": "The lowest median rent in Paradise Valley, AZ is for 1BR apartments at $1,560 per month."
      },
      {
        "question": "Which property type and bedroom count saw the strongest annual growth in Paradise Valley, AZ, and is growth concentrated or broad?",
        "answer": "The biggest year-over-year rent increase in Paradise Valley, AZ was for 2BR condo/townhomes, with a 7.32% rise; growth is concentrated in this segment, as other condo/townhome bedroom counts had much smaller or negative YoY changes."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1560,
          "2br": 1624,
          "3br": 2171,
          "4br": 3229
        },
        "condo_townhome": {
          "1br": 1577,
          "2br": 2141,
          "3br": 2697,
          "4br": 3309
        },
        "single_family": {
          "1br": 1899,
          "2br": 2327,
          "3br": 2766,
          "4br": 3305
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1683,
          "2br": 1768,
          "3br": 2137,
          "4br": 3222
        },
        "condo_townhome": {
          "1br": 1576,
          "2br": 2191,
          "3br": 2744,
          "4br": 3292
        },
        "single_family": {
          "1br": 1892,
          "2br": 2442,
          "3br": 2780,
          "4br": 3476
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1702,
          "2br": 1976,
          "3br": 2406,
          "4br": 3249
        },
        "condo_townhome": {
          "1br": 1583,
          "2br": 2032,
          "3br": 2740,
          "4br": 3309
        },
        "single_family": {
          "1br": 1901,
          "2br": 2349,
          "3br": 2825,
          "4br": 3339
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1740,
          "2br": 2035,
          "3br": 2407,
          "4br": 3307
        },
        "condo_townhome": {
          "1br": 1579,
          "2br": 2024,
          "3br": 2745,
          "4br": 3381
        },
        "single_family": {
          "1br": 1912,
          "2br": 2384,
          "3br": 2883,
          "4br": 3393
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1763,
          "2br": 2063,
          "3br": 2433,
          "4br": 3392
        },
        "condo_townhome": {
          "1br": 1566,
          "2br": 2081,
          "3br": 2719,
          "4br": 3457
        },
        "single_family": {
          "1br": 1926,
          "2br": 2405,
          "3br": 2919,
          "4br": 3601
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1777,
          "2br": 2079,
          "3br": 2447,
          "4br": 3405
        },
        "condo_townhome": {
          "1br": 1599,
          "2br": 2147,
          "3br": 2744,
          "4br": 3478
        },
        "single_family": {
          "1br": 1934,
          "2br": 2419,
          "3br": 2946,
          "4br": 3635
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1773,
          "2br": 2075,
          "3br": 2442,
          "4br": 3389
        },
        "condo_townhome": {
          "1br": 1606,
          "2br": 2114,
          "3br": 2749,
          "4br": 3477
        },
        "single_family": {
          "1br": 1929,
          "2br": 2415,
          "3br": 2948,
          "4br": 3638
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1762,
          "2br": 2064,
          "3br": 2430,
          "4br": 3361
        },
        "condo_townhome": {
          "1br": 1633,
          "2br": 2151,
          "3br": 2800,
          "4br": 3467
        },
        "single_family": {
          "1br": 1919,
          "2br": 2408,
          "3br": 2936,
          "4br": 3537
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 1749,
          "2br": 2049,
          "3br": 2416,
          "4br": 3329
        },
        "condo_townhome": {
          "1br": 1638,
          "2br": 2133,
          "3br": 2799,
          "4br": 3445
        },
        "single_family": {
          "1br": 1905,
          "2br": 2396,
          "3br": 2924,
          "4br": 3537
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 1733,
          "2br": 2030,
          "3br": 2399,
          "4br": 3292
        },
        "condo_townhome": {
          "1br": 1639,
          "2br": 2126,
          "3br": 2736,
          "4br": 3407
        },
        "single_family": {
          "1br": 1885,
          "2br": 2377,
          "3br": 2896,
          "4br": 3528
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 1715,
          "2br": 2010,
          "3br": 2381,
          "4br": 3254
        },
        "condo_townhome": {
          "1br": 1636,
          "2br": 2062,
          "3br": 2766,
          "4br": 3362
        },
        "single_family": {
          "1br": 1858,
          "2br": 2348,
          "3br": 2861,
          "4br": 3501
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 1695,
          "2br": 1987,
          "3br": 2359,
          "4br": 3210
        },
        "condo_townhome": {
          "1br": 1628,
          "2br": 2009,
          "3br": 2695,
          "4br": 3304
        },
        "single_family": {
          "1br": 1829,
          "2br": 2309,
          "3br": 2799,
          "4br": 3444
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/paradise-valley-az/",
    "self": "https://data.estaite.com/feeds/paradise-valley-az.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}