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A market with no active rental pool to price against. The sale-side figures below are the whole picture.
What would change this read: the median listing price is −3.8% YoY. inventory, +3.8% YoY, is the number to watch.
The median listing price is down 3.8% YoY while the median home got down 2.7% bigger, so value per square foot is down 3.4%.
U.S. Census ACS characteristics for ZIP 85040 itself, not its parent county.
Renters hold 52.1% of this ZIP's 11,531 occupied households, on a median household income of $61K.
| Measure | ZIP 85040 | Maricopa County | Difference |
|---|---|---|---|
| Median Household Income | $61K | $89K | -$29K |
| Below Poverty Level | 23.2% | 11.0% | +12.2% |
| Median Age | 31.00 | 37.60 | -6.60 |
| Total Population | 34,117 | 4,559,748 | -- |
| Avg Household Size | 2.95 | 2.59 | +0.36 |
| Owner-Occupied | 47.9% | 65.2% | -17.3% |
| Worked From Home | 13.5% | 20.8% | -7.3% |
| Mean Commute | 26.50 | 26.00 | +0.50 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 1.5% to 4,559,748: residents under 18 are down 0.1% and those 65 and over are up 3.4%.
County median household income is $89K, 11.0% of residents are below the poverty level, 20.8% work from home.