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Phoenix city, AZ

ZIP 85006 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 85006

Median Home Value
$376,600
Median Rent
$1,002
Affordability Snapshot
$104,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,419/mo PITI).

20%
Rent-to-Income Ratio

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

6.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

31.3 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 85006 in Phoenix city, AZ, a household would need roughly $104,000 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 $2,419. That is about 71% above the local median household income ($60,742), 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

Vacancy rate 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
39.5%-40% vs US avg
x
Vacancy Rate
14.8%+44% vs US avg
x
Broadband Access
76.5%-12% vs US avg
x
4+ Bedrooms
0.4%-97% vs US avg
x
Built Pre-1939
14.0%+10% vs US avg
x
Built Post-2014
2.6%-62% vs US avg
x
Rent Burden >30%
18.1%-64% vs US avg
x
Mortgage-Free
36.1%-5% vs US avg
x
$376,600
Home Value
$1,002
Rent
1963
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached57.2%
  • 1-unit attached3.7%
  • 2-9 units27.5%
  • 10+ units9.6%
  • Mobile home & other2.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$376,600
Median rent$1,002
Owner-occupied39.5%
Vacant14.8%
Price-to-income6.2x
Est. income to buy$104,000