$589,364Average Value$314Average Price per Sq Ft24Homes For Sale
An eclectic blend of modern living and early midcentury charm
Just north of Downtown Phoenix in Midtown, the Alvarado Historic District is a hub for the arts and is home to some of the city’s most influential museums. “It’s on the edge of Midtown and Downtown, and it’s a beautiful marriage between the two,” says area resident James Judge, a designer and Realtor with HomeSmart International LLC. While the neighborhood offers modern conveniences and attractions, it’s also making an effort to preserve its relatively young collection of historic architecture. “Even though so much of our real estate is newer by comparison to many other historic places in the United States, the city of Phoenix has done an amazing job at focusing on historic preservation to ensure that we are able to maintain and preserve what we do have," Judge says. While the city has continued to develop and expand in recent years with new infrastructure including the addition of the light rail, the Alvarado Historic District has evolved without losing its historic character. “It’s really exciting to see what’s happening with the resurgence of Midtown with transit-oriented development while at the same time respecting and preserving and celebrating the historic districts that we have,” says area resident Dan Carroll, a Realtor with Realty One Group. “I am quite proud of the growth that we’ve seen and the attention that we have paid to maintaining these historic districts within the city that I think make us really unique and allow us to still have that small-town feel. It’s not hard to get to know your neighbors if you want to, and I think that’s part of the charm of living in Phoenix in general but living in and around Alvarado in particular.”
Alvarado Historic District has many grand and unique homes along its well maintained streets.
Phoenix Art Museum in the Alvarado Historic District has a broad range of exhibits.
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A small collection of Depression-era homes with midcentury modern co-ops
While the Alvarado Historic District has a collection of historic homes, that means something different in Phoenix than it does in many other markets. “It’s a different animal in Phoenix where you see homes that are about 100 years old being very much historic by our standards, as opposed to the East Coast where they are hundreds of years old, Carroll says, adding that the neighborhood has “about three dozen houses” dating back to the Great Depression Era. Carroll also notes the significance of co-ops in the neighborhood’s housing market. “On the edge of the historic district, there are midcentury modern co-ops, which is really a unique product in the Phoenix area,” Carroll says, adding that buyers can find co-ops starting at a quarter of a million. "If you’re looking at a condo as opposed to a co-op, you’re probably starting out in the mid $300,000s for a one-bedroom, and then you’ve got the palatial, Depression-Era estate properties for $2 million plus," he says. "Homeowners have the chance to apply for a 50% reduction in their property taxes if they live in a historic property, and the expectation is that you will pour the savings into preserving the home. There are also expectations when altering the exterior of the home. You can paint it, but you need to maintain the historic integrity. You can do what you want inside if it’s not visible to the naked eye from the street, but if you’re going to get the tax abatement, you’re expected to maintain the home in its historic status.”
Alvarado Historic District is known for the array of home styles in the neighborhood.
Alvarado Historic District midcentury modern co-ops stand along the Central Avenue metro line.
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Home to a variety of popular museums with proximity to the beloved First Friday Art Walk
Residents can find several popular museums on the neighborhood’s western side along Central Avenue. The Phoenix Art Museum features more than 20,000 historic and contemporary pieces across nine collections. Visitors can learn about Native American civilizations at the Heard Museum and see the expansive collection of Southwestern art. Every March, the museum hosts the Indian Fair and Market, attracting over 15,000 visitors annually who have the chance to purchase work from more than 600 artists.
Just south of Interstate 10, the monthly First Friday Art Walk is one of the largest of its kind in the country, attracting thousands of visitors from all over the Valley. City streets are shut down to allow for pedestrian traffic, and locals can stroll dozens of city blocks to shop craft vendors, check out local art galleries, and hear street performers while enjoying food trucks and popping in and out of local cocktail bars.
The Heard Museum in Alvarado Historic District aims to be the museum for American Indian art.
Alvarado Historic District locals can relax in the Phoenix Art Museum's contemporary setting.
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Popular restaurants within walking distance
Locals can pick up groceries at Safeway on McDowell Road and stop into the CVS on Central Avenue for pharmacy necessities. A diverse array of local eateries can also be found throughout the neighborhood. Residents into can stop into Green New American Vegetarian on the east side for vegan comfort food, or head west to Giant Coffee on McDowell Road for a cup of joe or specialty latte. North on Central Avenue, Forno 301 serves homemade pasta and wood-fired pizza, while slightly further north, Durant’s is an upscale chophouse in swanky, dimly lit digs. “If you want to be transported back in time and like you’re walking into a place that the ratpack might have hung out at and tossed back a cocktail or two and smoked a cigar, you’ve got to go to Durant’s,” Carroll says. “It’s unbelievable, and it’s loads of fun.”
Locals in the Alvarado Historic District go to Basilic Vietnamese Kitchen for Pho or Bahn Mi.
Alvarado Historic District residents can enjoy the taste of Asia with some sushi at Blue Fin.
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Access to small community parks
Residents can enjoy a picnic at Townsend Park on the southeast side of the neighborhood, which has a lighted basketball court and a playground. Kids can also play on the playground at Monterey Park to the north, which has a lighted soccer and softball field.
Monterey Park in central Phoenix is part of a still-growing neighborhood.
Townsend Park has a basketball court, playground, and picnic area with grills.
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Two school districts serve local students
The neighborhood’s youngest students can attend schools in the Phoenix Elementary District, including Emerson Elementary, which serves kids from prekindergarten through eighth grade and receives a C-rating from Niche. From there, students can attend the B-minus-rated Central High in Phoenix Union High School District which offers career and technical education courses in fields ranging from culinary arts to sports medicine to business management.
Emerson Elementary School is part of the Phoenix Elementary School District.
Central High School in Phoenix is rated a 3/10 at GreatSchools.com.
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Public transportation via the Valley Metro light rail and bus
Stops for both the Valley Metro Light Rail and bus line Central Avenue, offering riders access to stops throughout the metro area. The neighborhood is immediately north of Interstate 10, which connects commuters to stops both inside and well outside of the Valley. For air travel, Phoenix Sky Harbor International Airport is just 5 miles southeast, and Banner Health’s University Medical Center is just east of 7th street on McDowell Road for emergency and specialized medical care.
Valley Metro serves the Alvarado Historic District with bus and light rail service.
Banner University Medical Center stands above downtown Phoenix to serve the community.
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A higher CAP Index Crime Score than the national average
Alvarado Historic District has an overall CAP Index Crime Score of 7 out of 10, compared to a national score of 4 out of 10. While the neighborhood's scores for violent crime are more on par with the national average, scores of 9 out of 10 for property crimes like larceny, motor vehicle theft and burglary contribute to the higher overall score. Phoenix’s Crime Reduction Plan aims to reduce these types of crimes through proactive prevention by increasing patrols in areas where crime is most likely to occur.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Alvarado Historic District Demographics and Home Trends
On average, homes in Alvarado Historic District, Phoenix sell after 81 days on the market compared to the national average of 52 days. The median sale price for homes in Alvarado Historic District, Phoenix over the last 12 months is $385,000, down 6% from the median home sale price over the previous 12 months.
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