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Phoenix city, AZ

ZIP 85051 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 85051

Median Home Value
$288,300
Median Rent
$1,112
Affordability Snapshot
$79,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,852/mo PITI).

21%
Rent-to-Income Ratio

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

4.5x
Home Price-to-Income Ratio

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

21.6 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 85051 in Phoenix city, AZ, a household would need roughly $79,000 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 $1,852. That is about 24% above the local median household income ($63,665), 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
54.6%-16% vs US avg
x
Vacancy Rate
5.2%-50% vs US avg
x
Broadband Access
89.0%+2% vs US avg
x
4+ Bedrooms
2.0%-86% vs US avg
x
Built Pre-1939
1.9%-85% vs US avg
x
Built Post-2014
0.4%-95% vs US avg
x
Rent Burden >30%
24.9%-50% vs US avg
x
Mortgage-Free
32.7%-15% vs US avg
x
$288,300
Home Value
$1,112
Rent
1973
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached62.4%
  • 1-unit attached4.8%
  • 2-9 units9.8%
  • 10+ units22.2%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$288,300
Median rent$1,112
Owner-occupied54.6%
Vacant5.2%
Price-to-income4.5x
Est. income to buy$79,000