Zip 85042 (Phoenix, AZ) Housing

The housing market in 85042 Phoenix, AZ is doing well. The median value of homes here is $376,600, which is higher than the national median value of $338,100. In the last year, the appreciation rate for homes in this area was 10.65%, which is higher than the national appreciation rate of 8.27%. This suggests that investing in real estate in this area would be a sound decision and could lead to solid returns on investments.

The median home cost in Phoenix (zip 85042) is $376,600. Home appreciation the last 10 years has been 221.0%. Home Appreciation in Phoenix (zip 85042) is up 21.8%.

Average Age of Homes

- The median age of Phoenix (zip 85042) real estate is 31 years old

The Rental Market in Phoenix (zip 85042)

- Renters make up 36.7% of the Phoenix (zip 85042) population
- 0.5% of houses and apartments in Phoenix (zip 85042), 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
	15,570.0	139,647,020.0
	34	42
	$376,600	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$5.85	$10.98
	$1,403	$2,690
	58.7%	57.4%
	4.6%	11.2%
	36.6%	31.4%
Vacant Housing
	0.5%	1.9%
	0.1%	0.4%
	0.3%	0.7%
	0.6%	0.4%
	0.9%	3.6%
	2.1%	4.1%
Value of Owner-Occupied Housing
	2.5%	2.6%
	1.9%	2.4%
	0.9%	2.8%
	2.3%	3.9%
	2.6%	4.5%
	9.5%	11.3%
	15.0%	13.0%
	33.1%	20.1%
	20.1%	13.6%
	5.1%	8.3%
	4.6%	9.7%
	1.1%	3.9%
	1.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	23.1%	13.6%
	23.1%	13.6%
	13.3%	13.6%
	19.8%	13.2%
	19.6%	14.8%
	13.3%	13.6%
	4.3%	10.0%
	1.5%	4.7%
	2.0%	12.2%

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