Zip 85085 (Phoenix, AZ) Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Phoenix, Arizona	United States
	11,268.0	139,647,020.0
	14	42
	$606,700	$338,100
	21.8%	16.6%
	94.6%	57.0%
	221.0%	101.1%
	$6.18	$10.98
	$2,689	$2,690
	55.5%	57.4%
	8.9%	11.2%
	35.6%	31.4%
Vacant Housing
	0.8%	1.9%
	2.3%	0.4%
	2.3%	0.7%
	1.4%	0.4%
	1.3%	3.6%
	0.8%	4.1%
Value of Owner-Occupied Housing
	0.1%	2.6%
	0.3%	2.4%
	0.1%	2.8%
	0.1%	3.9%
	0.0%	4.5%
	0.2%	11.3%
	0.7%	13.0%
	18.4%	20.1%
	20.6%	13.6%
	27.1%	8.3%
	27.0%	9.7%
	4.7%	3.9%
	0.6%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	58.0%	13.6%
	58.0%	13.6%
	6.9%	13.6%
	3.1%	13.2%
	0.4%	14.8%
	6.9%	13.6%
	0.3%	10.0%
	0.0%	4.7%
	0.0%	12.2%