Market Snapshot
- Median listing price
- $315K
- Median rent
- $1,400/mo
- Days on market
- 376 days
- Gross rental yield
- 5.33%
- STR vs LTR
- $2,094/mo STR · $1,400/mo LTR
The median listing price in Phoenix, AZ ZIP 85009 is $315,000 as of June 2026.
The median market rent in Phoenix, AZ ZIP 85009 is $1,400/month as of June 2026.
The median days on market in Phoenix, AZ ZIP 85009 is 376 days as of June 2026. The market is currently neutral.
At a median list price of $315,000 and a median rent of $1,400/month, the gross rental yield in Phoenix, AZ ZIP 85009 is 5.33% as of June 2026.
In Phoenix, AZ ZIP 85009, median Airbnb revenue is $2,094/month compared to median long-term rent of $1,400/month as of June 2026.
Phoenix, AZ 85009 Real Estate Market Report
ZIP Code: 85009
Report Date: June 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
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 Phoenix, AZ, are averaging 6.63% as of June 2026, reflecting a stabilized market environment for property owners in this area.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- 239,500 is the primary market indicator based on the median sold price, signaling representative recent sale values in the neighborhood; this is occurring while year-over-year pricing is down, which suggests mild softening in realized transaction prices.
- 376 median days on market points to slower sales velocity and extended listing durations, which may indicate pricing friction or longer negotiation windows in otherwise neutral market conditions.
- 315,000 median listing price sits above the median sold price, which suggests a meaningful gap between seller expectations and transaction outcomes and may indicate pricing friction that sellers should address through competitive positioning or concessions.
- 6.63% current 30-year fixed mortgage rates in Phoenix (June 2026) combined with elevated interest rate pressure are weighing on affordability; alongside a neutral market temperature and down rental trends, owners and investors should be selective and price competitively rather than rely on rapid appreciation.
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 above market average
Sold below market average
Sold at market average
Sold above market average
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, 6.53% 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: 6/1/2026
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