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Scottsdale, Arizona Real Estate Info

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Scottsdale real estate is affected by many factors.  Factors affecting Scottsdale real estate include local and metro; demographics, economy, climate, education and lifestyle. Scottsdale, Arizona is a suburb of the Metropolitan Phoenix, Arizona and is located approx 20 minutes from downtown Phoenix.  It is bordered to the north by Carefree, Arizona, to the west by Phoenix, to the east by Salt River Pima Community, and to the south by Tempe, Arizona.

Scottsdale Real Estate Demographics

As of the US Census Bureau’s 2005-2007 American Community Survey estimates there  were 215,723 people, 95,783 households, and 54,435 families residing in the city.

The racial makeup of the city was 92.7% White, 8.2% Hispanic, 3.1% Asian, 1.7% Black or African American, 0.5% Native American, 0.1% Pacific Islander, 2.0% from other races.

Scottsdale real estate households number 95,783. Of which, 21.9% had children under the age of 18 living with them, 46.7% were married couples living together, and 43.2% were non-families. Individuals constituted 34.6% of all households and 9.9% had someone living alone who was 65 years of age or older. The average household size was 2.25 and the average family size was 2.92.

Scottsdale, Arizona’s population was spread out with 20.1% under the age of 20, 5.2% from 20 to 24, 26.5% from 25 to 44, 30.6% from 45 to 64, and 17.7% who were 65 years of age or older. The median age was 43.8 years.

The median income for a household in the city was $68,671, and the median income for a family was $91,683. The per capita income for the city was $47,527. About 4.0% of families and 6.1% of the population were below the poverty line, including 6.5% of those under age 18 and 5.3% of those age 65 or over.

Scottsdale real estate is comprised of 117,645 housing units of which 67.3% were owner-occupied and 32.7% were renter-occupied.

Scottsdale Real Estate and Economy

The tourism industry is Scottsdale's primary industry, accounting for 39% of the city's workforce. In 2005, over 7.5 million people visited Scottsdale. The city of Scottsdale is home to more than 70 resorts/hotels, boasting over 15,000 hotel rooms.  The city of Scottsdale is second only to New York City as having more AAA Five-Diamond hotels and resorts than any other city in the United States: The Phoenician, The Canyon Suites, Scottsdale Camelback Inn, Four Seasons Resort Scottsdale at Troon North, and the Fairmont Princess Resort and Spa.  Scottsdale has the highest number of destination spas per capita in the United States, further lifting Scottsdale's robust national reputation as premiere destination for tourism and leisure.

The Airpark, immediately surrounding the Scottsdale Airport, is a major regional center of business. The Airpark area currently houses more nearly 2,500 individual businesses in all, with a combined economic impact of over $3 billion annually.  Over 50,000 people are employed within a few-mile radius of the airport itself - most notably in financial, technological, design, manufacturing, service and retail.

Companies with headquarters in Scottsdale include the Fortune 500 companies Dial Corporation and Allied Waste, firefighting and medical transport company Rural Metro, web address registrar GoDaddy.com, Fender Musical Instruments, Cold Stone Creamery, Restaurant chains P.F. Chang's and Pei Wei, and stun-gun company Taser International.

Education in Scottsdale, Arizona

Scottsdale Unified School District provides public education in Scottsdale, Arizona, and many of its schools rank very well.  The primary institution of higher education in the city is Scottsdale Community College.  Many students also commute to nearby Arizona State University in Tempe.

Scottsdale is also home of the International School of Arizona, a non-profit language immersion school that teaches children classes in a foreign language (French, Spanish, and German).

Scottsdale Real Estate and Transportation

Ease of access to transportation helps keep Scottsdale real estate values high.  

Freeways

The Loop 101 freeway provides Scottsdale easy freeway access to nearly every city in Metro Phoenix.

Air

Scottsdale Airport is a single-runway airport located 7 miles north ofDowntown Scottsdale.  With 200,000 takeoffs and landings annually, it continually ranks as one of the busiest single-runway airports in the US. Commercial commuter air travel is served primarily by Phoenix Sky Harbor International Airport in Phoenix, Arizona.

Public Transit

Public bus service in Scottsdale is operated as Valley Metro, and provides regular, frequent bus service throughout the city. 

The city of Scottsdale runs the "Scottsdale Trolley" network of bus-like vehicles that the public rides free. There are currently two circulating routes, known individually as the Downtown Trolley and the Neighborhood Trolley.  The Downtown Trolley circulates Downtown Scottsdale, and the Neighborhood Trolley circulates from Downtown Scottsdale to neighborhoods throughout South Scottsdale.  The Neighborhood Trolley connects with Tempe, Arizona's own free public circulator, the Tempe Orbit at Roosevelt and Scottsdale Road.  Riders can transfer onto the Tempe Orbit, and travel to Tempe, including Arizona State University's main campus, and the Downtown Tempe.



 


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