Market Snapshot
- Median listing price
- $750K
- Median rent
- $2,560/mo
- Days on market
- 68 days
- Gross rental yield
- 4.10%
- STR vs LTR
- $1,657/mo STR · $2,560/mo LTR
The median listing price in Phoenix, AZ ZIP 85050 is $750,000 as of August 2026.
The median market rent in Phoenix, AZ ZIP 85050 is $2,560/month as of August 2026.
The median days on market in Phoenix, AZ ZIP 85050 is 68 days as of August 2026. The market is currently cold.
At a median list price of $750,000 and a median rent of $2,560/month, the gross rental yield in Phoenix, AZ ZIP 85050 is 4.10% as of August 2026.
In Phoenix, AZ ZIP 85050, median Airbnb revenue is $1,657/month compared to median long-term rent of $2,560/month as of August 2026.
Phoenix, AZ 85050 Real Estate Market Report
ZIP Code: 85050
Report Date: August 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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels 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 6.9%, reflecting a stable but elevated interest rate environment for property owners in this market 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 indicator, the median sold price, is 693,000, which should be treated as the definitive anchor for recent transaction-level value and local pricing expectations; representative recent sale.
- The gap between the median listing price (750,000) and the median sold price (693,000) suggests pricing friction with seller expectations above executed transactions, and the median days on market (68) appears to reflect slower sales velocity rather than immediate liquidity; pricing friction.
- Market dynamics show the market temperature is cold, combined with interest rate pressure (elevated) and a price year-over-year trend (flat), which together indicate limited upward price momentum and a higher probability of increased seller concessions; cold.
- Rental signals are weakening: the rent year-over-year trend (down) alongside a median market rent (2,560) may constrain investor upside from rental income and suggests softer renter demand in the near term; down.
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
Quick sale indicating strong buyer demand and competitive market conditions.
Sold below market average
Sold at market average
Sold above market average
Quick sale indicating strong buyer demand and competitive market conditions.
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, 6.66% 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: 8/31/2026
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