Market Snapshot
- Median listing price
- $420K
- Median rent
- $2,100/mo
- Days on market
- 252 days
- Gross rental yield
- 6.00%
- STR vs LTR
- $832/mo STR · $2,100/mo LTR
The median listing price in Phoenix, AZ ZIP 85041 is $420,000 as of June 2026.
The median market rent in Phoenix, AZ ZIP 85041 is $2,100/month as of June 2026.
The median days on market in Phoenix, AZ ZIP 85041 is 252 days as of June 2026. The market is currently neutral.
At a median list price of $420,000 and a median rent of $2,100/month, the gross rental yield in Phoenix, AZ ZIP 85041 is 6.00% as of June 2026.
In Phoenix, AZ ZIP 85041, median Airbnb revenue is $832/month compared to median long-term rent of $2,100/month as of June 2026.
Phoenix, AZ 85041 Real Estate Market Report
ZIP Code: 85041
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 85041 are averaging 6.76%, 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
- $347,000 median sold price is the primary indicator of current market value in ZIP 85041 and represents the most reliable signal of transaction activity; the gap between the $420,000 median listing price and the $347,000 median sold price suggests pricing friction where sellers may need to adjust expectations.
- The market shows slower sales velocity as evidenced by a 252 median days on market, which appears to indicate extended negotiation windows and more opportunity for buyers to seek concessions.
- Market context is broadly neutral but rent dynamics are positive: $2,100 median market rent and a rent year-over-year trend of up support continued rental demand even as sales pricing trends are down; this may favor investor interest in stabilized rental assets.
- Interest rate pressure is elevated and financing remains a meaningful headwind: current 30-year fixed mortgage rates averaging 6.76% contribute to buyer sensitivity and likely increase the importance of realistic pricing and flexible terms in achieving transactions.
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.
Sold below market average
Sold at 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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