US5.com
  1. Home
  2. States
  3. Arizona
  4. ZIP 85032
  5. Housing & Real Estate
Phoenix city, AZ

ZIP 85032 — 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 85032

Median Home Value
$387,900
Median Rent
$1,314
Affordability Snapshot
$107,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,492/mo PITI).

21%
Rent-to-Income Ratio

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

5.2x
Home Price-to-Income Ratio

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

24.6 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 85032 in Phoenix city, AZ, a household would need roughly $107,000 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 $2,492. That is about 44% above the local median household income ($74,331), 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
58.0%-11% vs US avg
x
Vacancy Rate
4.4%-57% 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
0.2%-99% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
21.7%-56% vs US avg
x
Mortgage-Free
34.7%-9% vs US avg
x
$387,900
Home Value
$1,314
Rent
1983
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 detached57.6%
  • 1-unit attached4.5%
  • 2-9 units10.7%
  • 10+ units21.8%
  • Mobile home & other5.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$387,900
Median rent$1,314
Owner-occupied58.0%
Vacant4.4%
Price-to-income5.2x
Est. income to buy$107,000