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Phoenix city, AZ

ZIP 85003 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 85003

Median Home Value
$577,700
Median Rent
$1,109
Affordability Snapshot
$159,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,711/mo PITI).

23%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

10.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

43.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 85003 in Phoenix city, AZ, a household would need roughly $159,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,711. That is about 181% above the local median household income ($56,672), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
29.9%-54% vs US avg
x
Vacancy Rate
11.1%+7% vs US avg
x
Broadband Access
76.2%-12% vs US avg
x
4+ Bedrooms
0.7%-95% vs US avg
x
Built Pre-1939
5.7%-55% vs US avg
x
Built Post-2014
3.1%-55% vs US avg
x
Rent Burden >30%
27.0%-46% vs US avg
x
Mortgage-Free
33.9%-11% vs US avg
x
$577,700
Home Value
$1,109
Rent
1970
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached32.7%
  • 1-unit attached3.6%
  • 2-9 units15.9%
  • 10+ units46.6%
  • Mobile home & other1.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$577,700
Median rent$1,109
Owner-occupied29.9%
Vacant11.1%
Price-to-income10.2x
Est. income to buy$159,000