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Paradise Valley Communities

Getting to know Paradise Valley

Paradise Valley is a small, prosperous town in Maricopa County Arizona. Although it encompasses only 15.44 square miles and has a population of about 14,300, Paradise Valley has eight full-service resorts, which make it a premier tourist destination. It is the most affluent community in the Phoenix metropolitan area and features excellent golf courses, shopping and dining. Paradise Valley topography includes Mummy Mountain at the town center, Camelback Mountain on the southern border and Piestewa Peak on the western border.

In the early years of its modern development, Paradise Valley was used for cattle grazing and other agricultural uses. In the 1880s surveyors from the Rio Verde Canal Company first used the Paradise Valley name, perhaps because of its palo verde trees and abundant wildflowers. Only after World War II the area was divided into one- to five-acre lots for homes. As nearby Phoenix and Scottsdale began to grow significantly, local residents wanted to protect their unique environment, so a committee collected signatures on a petition for incorporation. The town of Paradise Valley was incorporated on May 24, 1961.

Paradise Valley’s zip code, 85253, is the most expensive in the state of Arizona. The median house has 9 rooms and a value of about $1,333,000. The median age of residents is 53.4, and the median household income is about $173,500. The town motto is “there is a reason we call this valley ‘paradise’”.

Market Stats for Paradise Valley

by Price Range

General Stats

Highest Price Listing

$20,000,000

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Average Listing Price

$3,209,662

Total Market Listings

347

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Average Price Per Sq Ft

$524.00