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Phoenix city, AZ

ZIP 85021 — 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 85021

Median Home Value
$433,000
Median Rent
$1,097
Affordability Snapshot
$119,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,781/mo PITI).

23%
Rent-to-Income Ratio

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

7.4x
Home Price-to-Income Ratio

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

32.9 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 85021 in Phoenix city, AZ, a household would need roughly $119,000 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 $2,781. That is about 103% above the local median household income ($58,481), 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
38.3%-41% vs US avg
x
Vacancy Rate
6.4%-38% vs US avg
x
Broadband Access
87.8%+1% vs US avg
x
4+ Bedrooms
1.7%-89% vs US avg
x
Built Pre-1939
3.0%-77% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
25.0%-50% vs US avg
x
Mortgage-Free
34.7%-9% vs US avg
x
$433,000
Home Value
$1,097
Rent
1977
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached38.9%
  • 1-unit attached4.9%
  • 2-9 units16.1%
  • 10+ units37.6%
  • Mobile home & other2.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$433,000
Median rent$1,097
Owner-occupied38.3%
Vacant6.4%
Price-to-income7.4x
Est. income to buy$119,000