Market Snapshot
- Median listing price
- $421K
- Median rent
- $1,999/mo
- Days on market
- 341 days
- Gross rental yield
- 5.70%
- STR vs LTR
- $1,604/mo STR · $1,999/mo LTR
The median listing price in Phoenix, AZ ZIP 85043 is $420,950 as of June 2026.
The median market rent in Phoenix, AZ ZIP 85043 is $1,999/month as of June 2026.
The median days on market in Phoenix, AZ ZIP 85043 is 341 days as of June 2026. The market is currently neutral.
At a median list price of $420,950 and a median rent of $1,999/month, the gross rental yield in Phoenix, AZ ZIP 85043 is 5.70% as of June 2026.
In Phoenix, AZ ZIP 85043, median Airbnb revenue is $1,604/month compared to median long-term rent of $1,999/month as of June 2026.
Phoenix, AZ 85043 Real Estate Market Report
ZIP Code: 85043
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.
Key Findings
- The primary indicator, median sold price $336,500, reflects realized market value for recent transactions and, with the price year-over-year trend flat, suggests near-term price stability rather than accelerating gains or declines.
- The market shows slower liquidity: median days on market 341 is very long and, together with the indication of relatively constrained active supply in the analyzed sample, appears to signal slower sales velocity and increased pricing friction that may extend negotiation windows for both buyers and sellers.
- There is a notable gap between asking and realized values: median listing price $420,950 sits well above recent sale prices, which may indicate elevated seller expectations and help explain extended listing durations or the need for price adjustments to reach market comparables.
- Local income and financing headwinds are relevant for affordability: median market rent $1,999 is reported while rent year-over-year trend is down and interest rate pressure is elevated, which together may constrain buyer purchasing power despite a neutral market temperature and a median price per square foot of 209.
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 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, 6.50% 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
Get personalized market intelligence
Explore real-time property analysis in Phoenix, AZ: valuations, rental estimates, costs, and pro-forma projections.