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Phoenix city, AZ

ZIP 85004 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 85004

Median Home Value
$365,500
Median Rent
$1,675
Affordability Snapshot
$101,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,348/mo PITI).

28%
Rent-to-Income Ratio

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

5.1x
Home Price-to-Income Ratio

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

18.2 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 85004 in Phoenix city, AZ, a household would need roughly $101,000 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 $2,348. That is about 42% above the local median household income ($71,250), 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 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
23.6%-64% vs US avg
x
Vacancy Rate
15.8%+54% vs US avg
x
Broadband Access
86.5%-1% vs US avg
x
4+ Bedrooms
0.6%-96% vs US avg
x
Built Pre-1939
0.8%-94% vs US avg
x
Built Post-2014
6.3%-9% vs US avg
x
Rent Burden >30%
24.7%-50% vs US avg
x
Mortgage-Free
47.8%+25% vs US avg
x
$365,500
Home Value
$1,675
Rent
2005
Year Built
2020
Moved In

Residents have lived here since ~2020 on average

Housing Structure

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

  • 1-unit detached18.3%
  • 1-unit attached2.5%
  • 2-9 units17.2%
  • 10+ units62.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$365,500
Median rent$1,675
Owner-occupied23.6%
Vacant15.8%
Price-to-income5.1x
Est. income to buy$101,000