{
  "schema_version": "1.0",
  "submarket": {
    "slug": "paradise-valley-shea-az",
    "name": "Paradise Valley / Shea",
    "state": "AZ",
    "city": "PHOENIX",
    "cbsa": "Phoenix-Mesa-Chandler",
    "zip_codes": [
      "85028",
      "85032",
      "85253"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-20T00:51:20.487Z",
    "last_updated_at": "2026-06-02T12:50:08.732Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1255,
        "low": 1205,
        "high": 1305,
        "mom_pct": 2.4972240802675585,
        "yoy_pct": -2.5972909698996656
      },
      "2br": {
        "median": 1490,
        "low": 1431,
        "high": 1550,
        "mom_pct": 3.9322261484098937,
        "yoy_pct": -4.081413427561837
      },
      "3br": {
        "median": 1971,
        "low": 1873,
        "high": 2070,
        "mom_pct": -5.783170731707317,
        "yoy_pct": -12.646829268292683
      },
      "4br": {
        "median": 3176,
        "low": 3059,
        "high": 3294,
        "mom_pct": 0.34857142857142864,
        "yoy_pct": 4.295714285714285
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1368,
        "low": 1338,
        "high": 1398,
        "mom_pct": -1.4394736842105262,
        "yoy_pct": -4.1499999999999995
      },
      "2br": {
        "median": 1689,
        "low": 1622,
        "high": 1757,
        "mom_pct": 1.8765517241379308,
        "yoy_pct": 0.8562068965517243
      },
      "3br": {
        "median": 2099,
        "low": 2032,
        "high": 2166,
        "mom_pct": -0.5630434782608696,
        "yoy_pct": -5.209130434782608
      },
      "4br": {
        "median": 3184,
        "low": 3089,
        "high": 3280,
        "mom_pct": 0.13,
        "yoy_pct": -1.9599999999999997
      }
    },
    "single_family": {
      "1br": {
        "median": 1543,
        "low": 1481,
        "high": 1604,
        "mom_pct": -14.259230769230767,
        "yoy_pct": -14.173076923076923
      },
      "2br": {
        "median": 1788,
        "low": 1716,
        "high": 1859,
        "mom_pct": -15.648333333333333,
        "yoy_pct": -13.451666666666666
      },
      "3br": {
        "median": 2380,
        "low": 2261,
        "high": 2499,
        "mom_pct": 7.2861111111111105,
        "yoy_pct": 1.344722222222222
      },
      "4br": {
        "median": 2958,
        "low": 2805,
        "high": 3112,
        "mom_pct": 0.891694915254237,
        "yoy_pct": 3.7635593220338985
      }
    }
  },
  "vacancy": 3.5389,
  "days_on_market": {
    "apartment": 39,
    "condo_townhome": 28,
    "single_family": 27
  },
  "ai_summary": [
    {
      "headline": "4BR apartments rise 4.3% YoY to $3,176",
      "body": "In the Paradise Valley / Shea (85028, 85032, 85253) rental market, 4-bedroom apartments reached a median rent of $3,176 in April 2026, increasing 4.3% year-over-year. This is a notable exception to the overall apartment segment, where 1BR, 2BR, and 3BR units saw annual declines within Paradise Valley / Shea (85028, 85032, 85253)."
    },
    {
      "headline": "3BR single-family homes lead condos by $281",
      "body": "While 3-bedroom single-family homes in Paradise Valley / Shea (85028, 85032, 85253) jumped 7.3% month-over-month to $2,380, 3-bedroom condo/townhomes declined 0.6% MoM to $2,099. This creates a price difference, with single-family rents leading condo/townhomes by $281 in the same bedroom category."
    },
    {
      "headline": "2BR condo/townhomes up 0.9% YoY to $1,689",
      "body": "Rents for 2-bedroom condo/townhomes averaged $1,689, and Paradise Valley / Shea (85028, 85032, 85253) rental trends indicate a 0.9% increase year-over-year. This outperforms 2-bedroom apartments, which dropped 4.1% YoY, showing improved demand for condos compared to apartments in this segment."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Paradise Valley / Shea, AZ range from $1,255 to $3,184 per month depending on property type and bedroom count.",
      "The largest year-over-year change occurred in 3BR apartments, with a decline of 12.65% compared to April 2025.",
      "For 2-bedroom units, condo/townhomes have a higher median rent at $1,689, while apartments are at $1,490."
    ],
    "qa": [
      {
        "question": "What are the lowest and highest rental prices in Paradise Valley / Shea, AZ as of April 2026?",
        "answer": "As of April 2026, rental prices in Paradise Valley / Shea, AZ range from $1,255 for a 1-bedroom apartment to $3,184 for a 4-bedroom condo/townhome."
      },
      {
        "question": "What is the most expensive property and bedroom type for renters in Paradise Valley / Shea, AZ?",
        "answer": "The highest median rent in Paradise Valley / Shea, AZ for April 2026 is $3,184 for a 4-bedroom condo/townhome."
      },
      {
        "question": "How are rental prices trending across different property types and bedrooms in Paradise Valley / Shea, AZ in April 2026?",
        "answer": "Rental price trends in Paradise Valley / Shea, AZ as of April 2026 show a mix of increases, such as apartments with 4 bedrooms up 4.30% year-over-year and single-family 4 bedrooms up 3.76% year-over-year, alongside decreases, like 3-bedroom apartments down 12.65% year-over-year and 1-bedroom condos/townhomes down 4.15% year-over-year."
      },
      {
        "question": "Which segment has a notably unusual number in Paradise Valley / Shea, AZ rental data for April 2026?",
        "answer": "Single-family 2-bedroom rentals in Paradise Valley / Shea, AZ show a steep month-over-month change, increasing by 15.65% in April 2026."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1255,
          "2br": 1490,
          "3br": 1971,
          "4br": 3176
        },
        "condo_townhome": {
          "1br": 1368,
          "2br": 1689,
          "3br": 2099,
          "4br": 3184
        },
        "single_family": {
          "1br": 1543,
          "2br": 1788,
          "3br": 2380,
          "4br": 2958
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1250,
          "2br": 1483,
          "3br": 2151,
          "4br": 3209
        },
        "condo_townhome": {
          "1br": 1542,
          "2br": 1971,
          "3br": 2412,
          "4br": 3221
        },
        "single_family": {
          "1br": 1842,
          "2br": 2391,
          "3br": 2320,
          "4br": 3003
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1242,
          "2br": 1497,
          "3br": 2252,
          "4br": 3201
        },
        "condo_townhome": {
          "1br": 1401,
          "2br": 1610,
          "3br": 2223,
          "4br": 3196
        },
        "single_family": {
          "1br": 1788,
          "2br": 2116,
          "3br": 2263,
          "4br": 2925
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1319,
          "2br": 1486,
          "3br": 2351,
          "4br": 3239
        },
        "condo_townhome": {
          "1br": 1411,
          "2br": 1583,
          "3br": 2285,
          "4br": 3254
        },
        "single_family": {
          "1br": 1833,
          "2br": 2220,
          "3br": 2448,
          "4br": 2955
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1319,
          "2br": 1519,
          "3br": 2388,
          "4br": 3265
        },
        "condo_townhome": {
          "1br": 1429,
          "2br": 1652,
          "3br": 2331,
          "4br": 3310
        },
        "single_family": {
          "1br": 1859,
          "2br": 2250,
          "3br": 2509,
          "4br": 2963
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1330,
          "2br": 1524,
          "3br": 2320,
          "4br": 3283
        },
        "condo_townhome": {
          "1br": 1422,
          "2br": 1622,
          "3br": 2332,
          "4br": 3356
        },
        "single_family": {
          "1br": 1852,
          "2br": 2255,
          "3br": 2480,
          "4br": 3114
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1285,
          "2br": 1501,
          "3br": 2271,
          "4br": 3240
        },
        "condo_townhome": {
          "1br": 1392,
          "2br": 1671,
          "3br": 2339,
          "4br": 3337
        },
        "single_family": {
          "1br": 1863,
          "2br": 2270,
          "3br": 2416,
          "4br": 3008
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1317,
          "2br": 1578,
          "3br": 2328,
          "4br": 3231
        },
        "condo_townhome": {
          "1br": 1405,
          "2br": 1698,
          "3br": 2415,
          "4br": 3375
        },
        "single_family": {
          "1br": 1874,
          "2br": 2266,
          "3br": 2537,
          "4br": 3056
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 1317,
          "2br": 1519,
          "3br": 2407,
          "4br": 3207
        },
        "condo_townhome": {
          "1br": 1389,
          "2br": 1654,
          "3br": 2359,
          "4br": 3361
        },
        "single_family": {
          "1br": 1862,
          "2br": 2258,
          "3br": 2540,
          "4br": 2965
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 1362,
          "2br": 1575,
          "3br": 2392,
          "4br": 3179
        },
        "condo_townhome": {
          "1br": 1416,
          "2br": 1739,
          "3br": 2383,
          "4br": 3345
        },
        "single_family": {
          "1br": 1850,
          "2br": 2251,
          "3br": 2477,
          "4br": 3018
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 1377,
          "2br": 1570,
          "3br": 2420,
          "4br": 3165
        },
        "condo_townhome": {
          "1br": 1441,
          "2br": 1734,
          "3br": 2377,
          "4br": 3341
        },
        "single_family": {
          "1br": 1837,
          "2br": 2209,
          "3br": 2508,
          "4br": 3015
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 1331,
          "2br": 1574,
          "3br": 2382,
          "4br": 3126
        },
        "condo_townhome": {
          "1br": 1430,
          "2br": 1712,
          "3br": 2299,
          "4br": 3285
        },
        "single_family": {
          "1br": 1819,
          "2br": 2184,
          "3br": 2463,
          "4br": 2926
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/paradise-valley-shea-az/",
    "self": "https://data.estaite.com/feeds/paradise-valley-shea-az.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}