Zip 85040 (Phoenix, AZ) Housing

The housing market in 85040 Phoenix, AZ is thriving with a median value of $308,100. This is slightly below the US national median value of $338,100 but still shows strong appreciation with an annual increase of 10.65%, much higher than the 8.27% US house appreciation rate. This indicates strong investment potential as well as a steadily increasing return on investment for those looking to purchase property in this area.

The median home cost in Phoenix (zip 85040) is $308,100. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85040) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85040) real estate is 38 years old

The Rental Market in Phoenix (zip 85040)

- Renters make up 46.4% of the Phoenix (zip 85040) population
- 1.7% of houses and apartments in Phoenix (zip 85040), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Phoenix, Arizona	United States
	11,556.0	139,647,020.0
	39	42
	$308,100	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$5.56	$10.98
	$1,061	$2,690
	42.0%	57.4%
	6.9%	11.2%
	51.2%	31.4%
Vacant Housing
	1.7%	1.9%
	0.2%	0.4%
	0.8%	0.7%
	0.3%	0.4%
	0.3%	3.6%
	3.6%	4.1%
Value of Owner-Occupied Housing
	5.0%	2.6%
	1.6%	2.4%
	0.8%	2.8%
	4.2%	3.9%
	4.4%	4.5%
	11.2%	11.3%
	27.6%	13.0%
	25.1%	20.1%
	16.4%	13.6%
	2.8%	8.3%
	0.4%	9.7%
	0.0%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	23.2%	13.6%
	23.2%	13.6%
	8.4%	13.6%
	11.5%	13.2%
	16.5%	14.8%
	8.4%	13.6%
	12.3%	10.0%
	3.8%	4.7%
	2.1%	12.2%

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