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Phoenix city, AZ

ZIP 85022 — Housing & Real Estate

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

Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 85022

Median Home Value
$385,900
Median Rent
$1,328
Affordability Snapshot
$106,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,479/mo PITI).

24%
Rent-to-Income Ratio

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

5.8x
Home Price-to-Income Ratio

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

24.2 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 85022 in Phoenix city, AZ, a household would need roughly $106,000 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 $2,479. That is about 59% above the local median household income ($66,601), 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
51.0%-22% vs US avg
x
Vacancy Rate
5.2%-50% vs US avg
x
Broadband Access
89.4%+3% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
0.3%-98% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
26.9%-46% vs US avg
x
Mortgage-Free
34.3%-10% vs US avg
x
$385,900
Home Value
$1,328
Rent
1986
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 detached44.9%
  • 1-unit attached4.4%
  • 2-9 units13.1%
  • 10+ units29.0%
  • Mobile home & other8.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$385,900
Median rent$1,328
Owner-occupied51.0%
Vacant5.2%
Price-to-income5.8x
Est. income to buy$106,000