Market Snapshot
- Median listing price
- $688K
- Median rent
- $1,697/mo
- Days on market
- 279 days
- Gross rental yield
- 2.96%
- STR vs LTR
- $1,749/mo STR · $1,697/mo LTR
The median listing price in Phoenix, AZ ZIP 85085 is $687,500 as of June 2026.
The median market rent in Phoenix, AZ ZIP 85085 is $1,697/month as of June 2026.
The median days on market in Phoenix, AZ ZIP 85085 is 279 days as of June 2026. The market is currently neutral.
At a median list price of $687,500 and a median rent of $1,697/month, the gross rental yield in Phoenix, AZ ZIP 85085 is 2.96% as of June 2026.
In Phoenix, AZ ZIP 85085, median Airbnb revenue is $1,749/month compared to median long-term rent of $1,697/month as of June 2026.
Phoenix, AZ 85085 Real Estate Market Report
ZIP Code: 85085
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.
Key Findings
- The neighborhood's primary market indicator, the median sold price, is 714,500, and should be treated as the most reliable measure of current market value and recent transaction activity.
- The median listing price is 687,500, which sits below the median sold price of 714,500, suggesting a pricing dynamic where recent transactions cleared above typical asking points and may reflect pricing friction between seller expectations and closed sales.
- The median days on market is 279, signaling slower sales velocity; combined with a relatively constrained active supply in the analyzed sample and a neutral market temperature, this suggests transactions are taking longer and sellers may need more time or concessions to close deals.
- The median market rent is 1,697, while rent year-over-year trend is down and interest rate pressure is elevated, which together may cool rental demand and continue to constrain buyer affordability—monitor rent and rate trends for near-term leasing and pricing decisions.
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 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
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