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Phoenix city, AZ

ZIP 85018 — 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 85018

Median Home Value
$805,800
Median Rent
$1,298
Affordability Snapshot
$222,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,176/mo PITI).

18%
Rent-to-Income Ratio

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

9.2x
Home Price-to-Income Ratio

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

51.7 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 85018 in Phoenix city, AZ, a household would need roughly $222,000 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 $5,176. That is about 153% above the local median household income ($87,637), 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 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
54.7%-16% vs US avg
x
Vacancy Rate
10.5%+2% vs US avg
x
Broadband Access
88.2%+1% vs US avg
x
4+ Bedrooms
4.5%-69% vs US avg
x
Built Pre-1939
1.2%-90% vs US avg
x
Built Post-2014
1.1%-83% vs US avg
x
Rent Burden >30%
19.3%-61% vs US avg
x
Mortgage-Free
29.9%-22% vs US avg
x
$805,800
Home Value
$1,298
Rent
1971
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached51.8%
  • 1-unit attached5.5%
  • 2-9 units14.8%
  • 10+ units27.8%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$805,800
Median rent$1,298
Owner-occupied54.7%
Vacant10.5%
Price-to-income9.2x
Est. income to buy$222,000