Market Snapshot
- Median listing price
- $712K
- Median rent
- $2,180/mo
- Days on market
- 340 days
- Gross rental yield
- 3.67%
- STR vs LTR
- $2,026/mo STR · $2,180/mo LTR
The median listing price in Phoenix, AZ ZIP 85050 is $712,450 as of June 2026.
The median market rent in Phoenix, AZ ZIP 85050 is $2,180/month as of June 2026.
The median days on market in Phoenix, AZ ZIP 85050 is 340 days as of June 2026. The market is currently neutral.
At a median list price of $712,450 and a median rent of $2,180/month, the gross rental yield in Phoenix, AZ ZIP 85050 is 3.67% as of June 2026.
In Phoenix, AZ ZIP 85050, median Airbnb revenue is $2,026/month compared to median long-term rent of $2,180/month as of June 2026.
Phoenix, AZ 85050 Real Estate Market Report
ZIP Code: 85050
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 Phoenix 85050 market average approximately 6.63%, reflecting a stable interest rate environment for property owners compared to earlier in 2026.
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 value indicator is the median sold price, which stands at $673,000, and with the price year-over-year trend showing up, this suggests recent transactions are supporting modest price resilience in a neutral market temperature environment.
- The gap between the median listing price of $712,450 and the median sold price of $673,000 points to seller pricing above transacted values and may indicate pricing friction that could increase buyer negotiation leverage.
- A median days on market of 340 signals notably slower sales velocity and prolonged time-to-contract, which appears consistent with elevated interest rate pressure and a normalization from prior rapid growth rather than acute market distress.
- Rents are trending down while the median market rent remains $2,180; combined with elevated interest rate pressure (current local 30-year fixed averages approximately 6.63%), this suggests caution for investors reliant on near-term rental upside and highlights financing cost sensitivity for owner-occupiers.
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 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.
Sold at 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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