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Phoenix city, AZ

ZIP 85015 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 85015

Median Home Value
$312,600
Median Rent
$1,095
Affordability Snapshot
$86,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,008/mo PITI).

25%
Rent-to-Income Ratio

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

5.9x
Home Price-to-Income Ratio

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

23.8 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 85015 in Phoenix city, AZ, a household would need roughly $86,000 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 $2,008. That is about 64% above the local median household income ($52,585), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
33.1%-49% vs US avg
x
Vacancy Rate
8.9%-14% vs US avg
x
Broadband Access
85.4%-2% vs US avg
x
4+ Bedrooms
0.8%-94% vs US avg
x
Built Pre-1939
7.0%-45% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
32.8%-34% vs US avg
x
Mortgage-Free
39.9%+4% vs US avg
x
$312,600
Home Value
$1,095
Rent
1971
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached32.8%
  • 1-unit attached11.3%
  • 2-9 units23.7%
  • 10+ units29.0%
  • Mobile home & other3.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$312,600
Median rent$1,095
Owner-occupied33.1%
Vacant8.9%
Price-to-income5.9x
Est. income to buy$86,000