Commercial Real Estate Market in Carefree, AZ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
34 active listings and 257 off-market properties in Carefree, AZ. Commercial property asks $314/SF to buy and $24.43/SF/Yr to lease.
Market Trends
Carefree, AZ spans 8.6 square miles in Maricopa County, Arizona. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Carefree, AZ runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Carefree, AZ runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Carefree, AZ runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Carefree, AZ runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 94%
- Commercial 2%
- Planned_development 1.8%
- Open space 1%
Largest Zones share of zoned land by district
Rural 190000 Square Feet Per Single Family Dwelling
Rural 70000 Square Feet Per Single Family Dwelling
Single Family Residential 35000 Square Feet Per Single Family Dwelling
Rural 43560 Square Feet Per Single Family Dwelling
Single Family Residential 18000 Square Feet Per Single Family Dwelling
Carefree, AZ zones 4,963 acres across 12 districts. Commercial zoning covers 2% of zoned land, residential 94% and open space 1%. The largest single district is Rural 190000 Square Feet Per Single Family Dwelling at 35%. For commercial buyers the practical constraint is that only 2% of land carries a commercial or industrial designation.
Rural 190000 Square Feet Per Single Family Dwelling (RURAL-190)
Uses allowed in each zoning district, residential (Rural-190 through R-3) , Lodging (L), Garden Office (GO), and Commercial (C). (Ord. #2005-05, Ord. #2006-05) ZONING DISTRICT USES ALLOWED Rural- 190 Rural- 70 Rural- 43 R1-35 R1-18 R1-10 R-3 L GO C ZONING DISTRICT USES ALLOWED Rural- 190 Rural- 70 Rural- 43 R1-35 R1-18 R1-10 R-3 L GO C Airports, Existing S 1…
Market overview
Demographics & Economy
Carefree, AZ has 3,515 residents in 2,258 households. Density runs 409 people per square mile. Median household income here is $143,315 and median gross rent $1,685 a month.
3,515
Population
2,258
Households
1.6
Avg Household Size
65
Median Age
64%
College-Educated
99%
High-School Grad
8.6 sq mi
ZIP Area
409
Density / Sq Mi
$143,315
Median Household Income
$58,147
Median Earnings
$1,685
Median Rent
$1,058,600
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Carefree?
Commercial property in Carefree, AZ asks an average of $314 per square foot.
How much does it cost to lease commercial space in Carefree?
Asking lease rates in Carefree, AZ average $24.43 per square foot per year.
What zoning applies to commercial property in Carefree?
Carefree, AZ zones 4,963 acres across 12 districts, of which 2% is commercial and 0% industrial. The largest single district is Rural 190000 Square Feet Per Single Family Dwelling at 35% of zoned land. Uses allowed in each zoning district, residential (Rural-190 through R-3) , Lodging (L), Garden Office (GO), and Commercial (C). (Ord. #2005-05, Ord. #2006-05) ZONING DISTRICT USES ALLOWED Rural- 190 Rural- 70 Rural- 43 R1-35 R1-18 R1-10 R-3 L GO C ZONING DISTRICT USES ALLOWED Rural- 190 Rural- 70 Rural- 43 R1-35 R1-18 R1-10 R-3 L GO C Airports, Existing S 1… Residential zoning covers 94% and open space 1%.
Where does Realmo's Carefree market data come from?
Realmo compiles Carefree, AZ figures from 8 recent recorded sales, 29 active sale listings, 5 active lease listings, 257 tracked off-market properties, the current Carefree zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 29 active for-sale and 5 active for-lease listings in Carefree, AZ. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 4,963 zoned acres across 12 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
