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Phoenix city, AZ

ZIP 85037 — Housing & Real Estate

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

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 85037

Median Home Value
$290,600
Median Rent
$1,411
Affordability Snapshot
$80,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,867/mo PITI).

21%
Rent-to-Income Ratio

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

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

17.2 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 85037 in Phoenix city, AZ, a household would need roughly $80,000 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 $1,867. That is roughly in line with the local median household income ($81,919). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
60.4%-8% vs US avg
x
Vacancy Rate
3.5%-66% vs US avg
x
Broadband Access
90.5%+4% vs US avg
x
4+ Bedrooms
4.8%-67% vs US avg
x
Built Pre-1939
0.5%-96% vs US avg
x
Built Post-2014
1.6%-76% vs US avg
x
Rent Burden >30%
17.1%-66% vs US avg
x
Mortgage-Free
27.8%-27% vs US avg
x
$290,600
Home Value
$1,411
Rent
1993
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 detached83.3%
  • 1-unit attached1.7%
  • 2-9 units7.1%
  • 10+ units7.4%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$290,600
Median rent$1,411
Owner-occupied60.4%
Vacant3.5%
Price-to-income3.5x
Est. income to buy$80,000