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Phoenix city, AZ

ZIP 85020 — 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 85020

Median Home Value
$400,800
Median Rent
$1,254
Affordability Snapshot
$110,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,575/mo PITI).

19%
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.

26.6 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 85020 in Phoenix city, AZ, a household would need roughly $110,000 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 $2,575. That is about 40% above the local median household income ($78,412), 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
54.1%-17% vs US avg
x
Vacancy Rate
9.7%-6% vs US avg
x
Broadband Access
90.8%+4% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
2.9%-77% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
25.3%-49% vs US avg
x
Mortgage-Free
38.3%+0% vs US avg
x
$400,800
Home Value
$1,254
Rent
1978
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached41.7%
  • 1-unit attached12.1%
  • 2-9 units16.1%
  • 10+ units28.0%
  • Mobile home & other2.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$400,800
Median rent$1,254
Owner-occupied54.1%
Vacant9.7%
Price-to-income5.1x
Est. income to buy$110,000