The housing market in 85085 Phoenix, AZ is showing strong appreciation. The median value of housing in this area is $606,700, which is above the US average of $338,100. This indicates a healthy market for buyers and sellers alike. In addition, the one-year house appreciation rate in 85085 Phoenix, AZ is 10.65%, significantly outpacing the US average of 8.27%. This shows that this particular area has seen an increase in value over the past year and could be a great place to purchase or sell property.
The median home cost in Phoenix (zip 85085) is $606,700. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85085) is up 21.8%.
Average Age of Homes
- The median age of Phoenix (zip 85085) real estate is 12 years old
The Rental Market in Phoenix (zip 85085)
- Renters make up 36.1% of the Phoenix (zip 85085) population
- 0.8% of houses and apartments in Phoenix (zip 85085), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.