ZIP Code 85040 — Phoenix city, AZ Demographics & Data

ZIP code 85040 covers Phoenix, AZ in Maricopa County with a population of about 33,325.

At a glance, the area shows median age of 30.7 versus a U.S. median of about 38.9.

It sits in telephone area code 602; U.S. House district AZ-3; the PHOENIX (PRESCOTT) media market.

Phoenix, AZ sits in a university / college context (near university of phoenix-arizona (0.8 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 85040 is about $57,890 — about 23% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 23.1%; unemployment rate near 6.2%; 14.6% of adults with a bachelor’s degree or higher (about 19.1 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Food services, Construction, and Healthcare; about 11.9% of workers reporting work-from-home (about 3.3 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $294,800 — about 15% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $946 (about 19% below the U.S. median rent ($1,163)), and owner-occupancy near 47.6% (about 17.8 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 85040 in Phoenix, AZ, a household would need roughly $81,000 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 $1,894. That is about 40% above the local median household income ($57,890), 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.

FEMA’s National Risk Index rates natural-hazard risk for Phoenix city, AZ as Very High (composite score 99.9), which is among the highest nationally. The strongest component scores on US5 are flood (99.9) and wildfire (99.6). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Phoenix city, AZ show little to no average snow and around 7.2 inches of annual precipitation.

IRS migration statistics show a net inflow of about 1,118 for ZIP 85040 (Phoenix city, AZ) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.