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Phoenix city, AZ

ZIP 85012 — 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 85012

Median Home Value
$701,200
Median Rent
$1,617
Affordability Snapshot
$193,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,504/mo PITI).

24%
Rent-to-Income Ratio

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

8.7x
Home Price-to-Income Ratio

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

36.1 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 85012 in Phoenix city, AZ, a household would need roughly $193,000 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 $4,504. That is about 141% above the local median household income ($80,242), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
39.0%-40% vs US avg
x
Vacancy Rate
8.8%-15% vs US avg
x
Broadband Access
94.5%+9% vs US avg
x
4+ Bedrooms
0.9%-94% vs US avg
x
Built Pre-1939
9.2%-28% vs US avg
x
Built Post-2014
1.8%-75% vs US avg
x
Rent Burden >30%
24.1%-52% vs US avg
x
Mortgage-Free
44.5%+16% vs US avg
x
$701,200
Home Value
$1,617
Rent
1978
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 detached30.7%
  • 1-unit attached8.5%
  • 2-9 units4.3%
  • 10+ units56.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$701,200
Median rent$1,617
Owner-occupied39.0%
Vacant8.8%
Price-to-income8.7x
Est. income to buy$193,000