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Phoenix city, AZ

ZIP 85254 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 85254

Median Home Value
$701,900
Median Rent
$1,781
Affordability Snapshot
$193,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,509/mo PITI).

18%
Rent-to-Income Ratio

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

5.8x
Home Price-to-Income Ratio

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

32.8 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 85254 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 $4,509. That is about 60% above the local median household income ($120,885), 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 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
72.9%+11% vs US avg
x
Vacancy Rate
10.2%-1% vs US avg
x
Broadband Access
96.9%+11% vs US avg
x
4+ Bedrooms
6.7%-55% vs US avg
x
Built Pre-1939
0.0%-100% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
19.4%-61% vs US avg
x
Mortgage-Free
27.1%-29% vs US avg
x
$701,900
Home Value
$1,781
Rent
1986
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached69.1%
  • 1-unit attached2.2%
  • 2-9 units8.3%
  • 10+ units20.0%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$701,900
Median rent$1,781
Owner-occupied72.9%
Vacant10.2%
Price-to-income5.8x
Est. income to buy$193,000