Market Snapshot
- Median listing price
- $330K
- Median rent
- $1,345/mo
- Days on market
- 306 days
- Gross rental yield
- 4.89%
- STR vs LTR
- $1,182/mo STR · $1,345/mo LTR
The median listing price in Phoenix, AZ ZIP 85033 is $329,900 as of June 2026.
The median market rent in Phoenix, AZ ZIP 85033 is $1,345/month as of June 2026.
The median days on market in Phoenix, AZ ZIP 85033 is 306 days as of June 2026. The market is currently neutral.
At a median list price of $329,900 and a median rent of $1,345/month, the gross rental yield in Phoenix, AZ ZIP 85033 is 4.89% as of June 2026.
In Phoenix, AZ ZIP 85033, median Airbnb revenue is $1,182/month compared to median long-term rent of $1,345/month as of June 2026.
Phoenix, AZ 85033 Real Estate Market Report
ZIP Code: 85033
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 the 85033 area average 6.5%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.
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 signal is the median sold price of $303,500, which represents the most reliable indicator of realized value and recent transaction activity for SFR and condo assets in ZIP 85033; this level, combined with a median listing price of $329,900, suggests a meaningful spread between asking and achieved prices that may indicate pricing friction.
- Price momentum shows caution: year-over-year pricing is down, and the market temperature is neutral, which together suggest a market that is stabilizing with slight downward pressure rather than accelerating appreciation; sellers should expect measured negotiation rather than rapid acceptance and buyers may find incremental leverage.
- Market velocity is slow relative to typical suburban turnover: the median days on market of 306 points to extended marketing periods and slower sales velocity; this, paired with descriptions of inventory as elevated relative to sales activity in the analyzed sample, appears to support more buyer negotiation room.
- Rental context and financing headwinds are relevant to near-term demand: the median market rent of $1,345 has been declining year-over-year, and interest rate pressure is elevated with current 30-year fixed mortgage rates averaging 6.5%, which together weigh on both investor cashflow expectations and owner-occupier affordability.
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 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.
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, 0.3% 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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