The 85253 ZIP code in Paradise Valley is the most expensive ZIP code in Arizona and ranks as the nation’s 27th most expensive, according to an annual study from Property Shark.
The determination was made based on median sale prices for closed home sales in Arizona ZIP codes. In Paradise Valley’s case, the study cited a median sale price of $3.25 million during 2024.
Property Shark senior writer Eliza Theiss said after last year’s widespread price contractions, 2024 was a year of cautious recovery for the country’s leading luxury markets. Nearly 70% of the country’s most exclusive ZIP codes saw prices rise and multiple locations set new pricing records, including Paradise Valley.
