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Phoenix city, AZ

ZIP 85085 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 85085

Median Home Value
$589,000
Median Rent
$1,687
Affordability Snapshot
$162,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,784/mo PITI).

17%
Rent-to-Income Ratio

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

4.8x
Home Price-to-Income Ratio

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

29.1 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 85085 in Phoenix city, AZ, a household would need roughly $162,000 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 $3,784. That is about 33% above the local median household income ($122,138), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
60.3%-8% vs US avg
x
Vacancy Rate
7.9%-24% vs US avg
x
Broadband Access
96.2%+11% vs US avg
x
4+ Bedrooms
10.6%-28% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
5.5%-20% vs US avg
x
Rent Burden >30%
16.8%-66% vs US avg
x
Mortgage-Free
17.0%-55% vs US avg
x
$589,000
Home Value
$1,687
Rent
2008
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 detached62.2%
  • 1-unit attached3.6%
  • 2-9 units6.5%
  • 10+ units26.7%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$589,000
Median rent$1,687
Owner-occupied60.3%
Vacant7.9%
Price-to-income4.8x
Est. income to buy$162,000