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Phoenix city, AZ

ZIP 85034 — 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 85034

Median Home Value
$397,400
Median Rent
$994
Affordability Snapshot
$109,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,553/mo PITI).

22%
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.

33.3 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 85034 in Phoenix city, AZ, a household would need roughly $109,000 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 $2,553. That is about 104% above the local median household income ($53,545), 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

Vacancy rate 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
22.6%-65% vs US avg
x
Vacancy Rate
16.4%+59% vs US avg
x
Broadband Access
92.3%+6% vs US avg
x
4+ Bedrooms
1.6%-89% vs US avg
x
Built Pre-1939
2.8%-78% vs US avg
x
Built Post-2014
2.1%-69% vs US avg
x
Rent Burden >30%
23.1%-54% vs US avg
x
Mortgage-Free
54.0%+41% vs US avg
x
$397,400
Home Value
$994
Rent
1998
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 detached22.6%
  • 1-unit attached3.1%
  • 2-9 units31.6%
  • 10+ units40.5%
  • Mobile home & other2.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$397,400
Median rent$994
Owner-occupied22.6%
Vacant16.4%
Price-to-income7.4x
Est. income to buy$109,000