Market Snapshot
- Median listing price
- $541K
- Median rent
- $1,490/mo
- Days on market
- 328 days
- Gross rental yield
- 3.31%
- STR vs LTR
- $1,843/mo STR · $1,490/mo LTR
The median listing price in Phoenix, AZ ZIP 85020 is $540,750 as of June 2026.
The median market rent in Phoenix, AZ ZIP 85020 is $1,490/month as of June 2026.
The median days on market in Phoenix, AZ ZIP 85020 is 328 days as of June 2026. The market is currently neutral.
At a median list price of $540,750 and a median rent of $1,490/month, the gross rental yield in Phoenix, AZ ZIP 85020 is 3.31% as of June 2026.
In Phoenix, AZ ZIP 85020, median Airbnb revenue is $1,843/month compared to median long-term rent of $1,490/month as of June 2026.
Phoenix, AZ 85020 Real Estate Market Report
ZIP Code: 85020
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
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
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 6.63% compared to the 5.99% average observed earlier in 2026, indicating a higher cost of borrowing for property owners in this market.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The neighborhood's primary market indicator, the 543,000 median sold price, points to a representative recent sale level while the prolonged median days on market 328 suggests slower sales velocity rather than rapid turnover.
- Listing expectations are closely aligned with transactions: the 540,750 median listing price sits near the 543,000 median sold price, which may indicate limited pricing friction between seller expectations and completed sales.
- Liquidity appears characterized by relatively constrained active supply in the analyzed sample, which, combined with the prolonged median days on market 328, suggests balanced but slower transaction volume rather than acute scarcity or overheating.
- Market pressure signals are mixed: the price year-over-year trend is down and rent year-over-year trend is down, while interest rate pressure is elevated—notably current 30-year fixed mortgage rates are 6.63% compared to 5.99% earlier in 2026—creating headwinds for affordability and buyer purchasing power.
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
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.
Representative market sale establishing baseline for properties in the core neighborhood.
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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