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Phoenix city, AZ

ZIP 85045 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 85045

Median Home Value
$590,600
Median Rent
$2,158
Affordability Snapshot
$163,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,794/mo PITI).

17%
Rent-to-Income Ratio

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

3.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

22.8 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 85045 in Phoenix city, AZ, a household would need roughly $163,000 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 $3,794. That is roughly in line with the local median household income ($154,300). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
90.0%+38% vs US avg
x
Vacancy Rate
2.0%-80% vs US avg
x
Broadband Access
99.6%+15% vs US avg
x
4+ Bedrooms
15.5%+5% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
11.7%-76% vs US avg
x
Mortgage-Free
24.3%-36% vs US avg
x
$590,600
Home Value
$2,158
Rent
1999
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 detached92.1%
  • 1-unit attached6.5%
  • 2-9 units1.3%
  • 10+ units0.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$590,600
Median rent$2,158
Owner-occupied90.0%
Vacant2.0%
Price-to-income3.8x
Est. income to buy$163,000