PV Ranks Among Most Expensive ZIP Codes

PV Ranks Among Most Expensive ZIP Codes

Published On: October 21, 2026-Categories: Economic Development, Lifestyle, Real Estate-Tags: housing, Paradise Valley, real estate, residential-

Construction | Econ Dev | Food & Bev | Industrial | Manufacturing | Real Estate | Startups | Technology

Construction | Econ Dev | Food & Bev | Industrial | Manufacturing | Real Estate | Startups | Technology

PV Ranks Among Most Expensive ZIP Codes

Town of Paradise Valley

Town of Paradise Valley photo courtesy of Metro Phoenix Alliance.

Among Most Expensive Housing Markets for 2026

The Town of Paradise Valley has reached a new milestone in the nation’s luxury housing market. Its median home sale price climbed to a record $3.6 million in 2026, gaining the No. 30 spot among the most expensive ZIP codes in the United States. According to PropertyShark’s 11th Annual Ranking, the Town of Paradise Valley and ZIP code 85253 remains Arizona’s priciest residential market for the eighth consecutive year.

Paradise Valley’s median home sale price increased $100,000 from 2025, setting a new statewide record. More than 350 residential transactions supported the ranking, demonstrating consistent demand for luxury properties. The latest figures further strengthen the community’s standing among the nation’s most exclusive housing markets.

ZIP stands for Zone Improvement Plan. The United States Postal Service (USPS) introduced ZIP Codes in 1963 to help sort and deliver mail faster and more efficiently. The name reflects how numerical codes help mail move quickly, or “zip,” through the postal system.

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Published On: October 21, 2026Categories: Economic Development, Lifestyle, Real EstateTags: housing, Paradise Valley, real estate, residential

Phoenix-based medical technology company EmeraNova ( @emera.nova ) has launched Catalyst, a four-month accelerator that helps healthcare startups bring new treatments and technologies to market. The program targets medtech, biotech, and pharmaceutical companies developing advanced wound care and tissue restoration solutions. Catalyst offers mentorship, technical evaluation, business development, and investment opportunities. Participants will assess their technologies, develop commercialization strategies, strengthen investor presentations, and prepare for regulatory and clinical requirements. The program concludes with a Demo Day, where startups will present their innovations to EmeraNova executives, partners, and investors. Selected ventures may receive investments of up to $200,000. #emeranova #phoenixaz #catalyst #medtech #metrophx

@honeywell_aero announced plans to invest $500 million in a new 300,000-square-foot manufacturing facility in Tempe. The expansion will help the company meet growing demand from commercial aviation and defense customers. The advanced facility will feature robotics, automated inspections, digital production systems, and digital twin technology. These capabilities will improve manufacturing efficiency and support next-generation aerospace technologies.

Located near the Honeywell Aerospace global headquarters in Phoenix, the facility will expand precision machining capabilities and strengthen supply chains. It will also increase production of advanced systems, including Assure actuation systems and Attune cooling subsystems. The expansion will support existing customer programs, $15 billion in new Control Systems program awards, and critical defense technologies.

Honeywell Aerospace expects to open the facility in late 2028. The investment will eventually create approximately 600 permanent jobs and expand the company’s skilled workforce. Additionally, construction will support more than 1,000 local jobs, providing a significant economic boost to @tempegov. #honeywellaerospace #tempeaz #advancedmanufacturing #silicondesert #metrophx #metrophoenix

@apple announced new and expanded partnerships with American manufacturers that supply essential materials and components for the iPhone Duo and iPhone 18 Pro. U.S. companies produce nearly 100 components for these devices, including wireless chips and advanced processors. Apple’s supply chain spans more than a dozen states and continues to expand. Major partnerships include TSMC in Phoenix and @amkortechnology in Peoria. #phxaz #peoriaz #amkor #silicondesert #metrophx

According to @azcommerce, a delegation of more than 30 Arizona legislative, business and economic development leaders completed a four-day trade mission to Ireland. The visit focused on expanding partnerships in high-tech industries, research, innovation and workforce development. Arizona and Ireland share strengths in semiconductors, medical technology, artificial intelligence, quantum technology, pharmaceuticals and clean energy. Trade between Arizona and Ireland exceeded $850 million in 2025.

The delegation met with officials from the U.S. Embassy in Dublin, Ireland’s Department of Foreign Affairs and IDA Ireland. Members also visited Dublin City University and Trinity College Dublin to discuss research and workforce partnerships. At Intel Ireland, the group toured a campus that employs nearly 5,000 people and includes Fab 34, Europe’s first high-volume semiconductor facility to use Extreme Ultraviolet (EUV) lithography. Intel’s Fab 52 in Chandler also uses EUV technology and will manufacture Intel 18A chips, highlighting the semiconductor connections between Arizona and Ireland.

Additional visits included the Guinness Enterprise Centre, Enterprise Ireland and a roundtable hosted by the American Chamber of Commerce Ireland. The delegation also visited the Irish Parliament in Dublin, where lawmakers formally recognized the Arizona group during a parliamentary session. #ireland #irishdelegation #trademission #silicondesert #metrophx

Cyclic Materials opened its first commercial-scale rare earth magnet recycling facility in @cityofmesa, strengthening the domestic supply of rare earth elements and critical minerals. The company invested more than $30 million in the 144,000-square-foot facility, which will initially create more than 25 jobs. The plant can process up to 25,000 metric tons of end-of-life products containing magnets each year. Cyclic Materials will recover rare earth magnet concentrate through its Mag-Xtract™ process, along with critical materials such as copper, aluminum and steel. Federal, state and local leaders joined company executives to celebrate the facility’s grand opening. #cyclicmaterials #silicondesert #mesaaz #advancedmanufacturing #metrophx

Heritage Park (@heritageparkgilbert), a new mixed-use destination taking shape in (@downtowngilbertaz) Gilbert’s Heritage District, has announced its first five tenants. The lineup includes Arizona’s first Popup Bagels (@popupbagels), along with La La Land, Hudson House, Salt & Straw, and @solidcore. Construction continues across the development, with the first businesses expected to open in the second quarter of 2027. #gilbertaz #heritagedistrict #heritagepark #townofgilbert #metrophx

Scottsdale-based @barrett_jackson has launched Digital Select Auctions, a premium online marketplace for curated collector vehicles. The platform allows enthusiasts worldwide to bid during exclusive, timed digital auctions. Barrett-Jackson will oversee each transaction, including holding the money and vehicle title, to provide buyers and sellers with greater confidence. The company will also verify completed sales and apply its auction expertise to the process. The first Digital Select Auction will run Nov. 5-12 at Barrett-Jackson.com. #barrettjackson #autoauction #automobilia #scottsdaleaz #metrophx

The Metro Phoenix housing market continues to earn national recognition, with five Valley cities ranking among the country’s 50 best real estate markets, according to a new @wallethub analysis. The Best Real Estate Markets 2026 report determines the best local real estate markets in the U.S. WalletHub compared 300 cities of varying sizes across 17 key indicators of housing-market attractiveness and economic strength. The study places Gilbert at 13, followed by Surprise at 27, Peoria at 42, Tempe at 46 and Chandler at 50.
#metrophx #realestatemarket2026 #gilbertaz #surpriseaz #peoriaaz

Phoenix-based medical technology company EmeraNova ( @emera.nova ) has launched Catalyst, a four-month accelerator that helps healthcare startups bring new treatments and technologies to market. The program targets medtech, biotech, and pharmaceutical companies developing advanced wound care and tissue restoration solutions. Catalyst offers mentorship, technical evaluation, business development, and investment opportunities. Participants will assess their technologies, develop commercialization strategies, strengthen investor presentations, and prepare for regulatory and clinical requirements. The program concludes with a Demo Day, where startups will present their innovations to EmeraNova executives, partners, and investors. Selected ventures may receive investments of up to $200,000. #emeranova #phoenixaz #catalyst #medtech #metrophx

@honeywell_aero announced plans to invest $500 million in a new 300,000-square-foot manufacturing facility in Tempe. The expansion will help the company meet growing demand from commercial aviation and defense customers. The advanced facility will feature robotics, automated inspections, digital production systems, and digital twin technology. These capabilities will improve manufacturing efficiency and support next-generation aerospace technologies.

Located near the Honeywell Aerospace global headquarters in Phoenix, the facility will expand precision machining capabilities and strengthen supply chains. It will also increase production of advanced systems, including Assure actuation systems and Attune cooling subsystems. The expansion will support existing customer programs, $15 billion in new Control Systems program awards, and critical defense technologies.

Honeywell Aerospace expects to open the facility in late 2028. The investment will eventually create approximately 600 permanent jobs and expand the company’s skilled workforce. Additionally, construction will support more than 1,000 local jobs, providing a significant economic boost to @tempegov. #honeywellaerospace #tempeaz #advancedmanufacturing #silicondesert #metrophx #metrophoenix

@apple announced new and expanded partnerships with American manufacturers that supply essential materials and components for the iPhone Duo and iPhone 18 Pro. U.S. companies produce nearly 100 components for these devices, including wireless chips and advanced processors. Apple’s supply chain spans more than a dozen states and continues to expand. Major partnerships include TSMC in Phoenix and @amkortechnology in Peoria. #phxaz #peoriaz #amkor #silicondesert #metrophx

According to @azcommerce, a delegation of more than 30 Arizona legislative, business and economic development leaders completed a four-day trade mission to Ireland. The visit focused on expanding partnerships in high-tech industries, research, innovation and workforce development. Arizona and Ireland share strengths in semiconductors, medical technology, artificial intelligence, quantum technology, pharmaceuticals and clean energy. Trade between Arizona and Ireland exceeded $850 million in 2025.

The delegation met with officials from the U.S. Embassy in Dublin, Ireland’s Department of Foreign Affairs and IDA Ireland. Members also visited Dublin City University and Trinity College Dublin to discuss research and workforce partnerships. At Intel Ireland, the group toured a campus that employs nearly 5,000 people and includes Fab 34, Europe’s first high-volume semiconductor facility to use Extreme Ultraviolet (EUV) lithography. Intel’s Fab 52 in Chandler also uses EUV technology and will manufacture Intel 18A chips, highlighting the semiconductor connections between Arizona and Ireland.

Additional visits included the Guinness Enterprise Centre, Enterprise Ireland and a roundtable hosted by the American Chamber of Commerce Ireland. The delegation also visited the Irish Parliament in Dublin, where lawmakers formally recognized the Arizona group during a parliamentary session. #ireland #irishdelegation #trademission #silicondesert #metrophx

Cyclic Materials opened its first commercial-scale rare earth magnet recycling facility in @cityofmesa, strengthening the domestic supply of rare earth elements and critical minerals. The company invested more than $30 million in the 144,000-square-foot facility, which will initially create more than 25 jobs. The plant can process up to 25,000 metric tons of end-of-life products containing magnets each year. Cyclic Materials will recover rare earth magnet concentrate through its Mag-Xtract™ process, along with critical materials such as copper, aluminum and steel. Federal, state and local leaders joined company executives to celebrate the facility’s grand opening. #cyclicmaterials #silicondesert #mesaaz #advancedmanufacturing #metrophx

Heritage Park (@heritageparkgilbert), a new mixed-use destination taking shape in (@downtowngilbertaz) Gilbert’s Heritage District, has announced its first five tenants. The lineup includes Arizona’s first Popup Bagels (@popupbagels), along with La La Land, Hudson House, Salt & Straw, and @solidcore. Construction continues across the development, with the first businesses expected to open in the second quarter of 2027. #gilbertaz #heritagedistrict #heritagepark #townofgilbert #metrophx

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