Market Snapshot
- Median listing price
- $342K
- Median rent
- $1,395/mo
- Days on market
- 253 days
- Gross rental yield
- 4.90%
- STR vs LTR
- $1,546/mo STR · $1,395/mo LTR
The median listing price in Phoenix, AZ ZIP 85009 is $341,944 as of July 2026.
The median market rent in Phoenix, AZ ZIP 85009 is $1,395/month as of July 2026.
The median days on market in Phoenix, AZ ZIP 85009 is 253 days as of July 2026. The market is currently neutral.
At a median list price of $341,944 and a median rent of $1,395/month, the gross rental yield in Phoenix, AZ ZIP 85009 is 4.90% as of July 2026.
In Phoenix, AZ ZIP 85009, median Airbnb revenue is $1,546/month compared to median long-term rent of $1,395/month as of July 2026.
Phoenix, AZ 85009 Real Estate Market Report
ZIP Code: 85009
Report Date: July 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the Phoenix 85009 area are averaging 6.63%, reflecting the prevailing market conditions for property owners in this region.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- Median sold price: $286,000 is the primary indicator of realized market value and recent transaction activity in 85009, representing the most reliable anchor for pricing decisions given actual sales versus asking prices. use sold prices for valuation
- Median listing price: $341,944 versus the median sold price: $286,000 indicates a meaningful gap between seller expectations and completed transactions, which may indicate pricing friction and suggests listing-to-sale adjustments could be needed to align offers with recent comps.
- Median days on market: 253 combined with a market temperature characterized as neutral suggests slower sales velocity and balanced buyer–seller dynamics where buyers have more time to evaluate offerings; this dynamic appears to favor cautious negotiation rather than rapid bidding.
- Interest rate pressure: elevated with 30-year fixed mortgage rates averaging 6.63% locally, alongside a flat rent year-over-year trend and median market rent: $1,395, suggests financing costs remain a headwind for buyers and that rental income growth is not currently offsetting higher borrowing costs, which increases sensitivity to interest rate changes.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.49% rate, 0.4% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 7/10/2026
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