The Paradise Valley real estate market is definitely high end—median home prices are currently $1.74 million, with many exceeding $5 million and some over $20 million. Although Paradise Valley is relatively small in terms of its land and population, its dozen or so exclusive resorts and its wealth of gorgeous mansions, sprawling estates and magnificent topography have made it one of the state’s premiere tourist destinations. Speaking of terrain, Paradise Valley is surrounded by some of the best-known and most scenic natural formations in the metropolitan Phoenix area. Mummy Mountain is close by, as is Camelback Mountain to the south and Piestewa Peak to the west.
Piestewa Peak
The population of Paradise Valley is estimated to be about 15,000 and the 2000 Census report found 5,549 households, representing about a 17 percent growth rate from 1990. The home-ownership rate is about 97 percent.
Overall, the average household size in Paradise Valley was 2.71 people and the average family size was 2.98; 76.1 percent were married couples living together. One-third had children under the age of 18 living with them and just over four percent were headed by a female with no husband present. Almost seven percent had someone living alone who was over the age of 65.
Just under 25 percent of Paradise Valley residents are under the age of 18; four percent are from ages 18 to 24; almost 19 percent are from ages 25 to 44; and almost 36 percent are from ages 45 to 64. The median age was found to be 46, with just over 16 percent aged 65 years or older. Meanwhile, the male-female ratio is pretty evenly split, with 98.7 men for every 100 women.
The racial makeup of Paradise Valley is about 95 percent White; 0.73 percent African-American; 0.20 percent Native-American; two percent Asian; 0.04 percent Pacific Islander; and 2.66 Hispanic or Latino. Crime statistics in Paradise Valley tend to be much lower than the Arizona average and violent crimes are also much less than the state average.
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