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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −11.8% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −8.8% YoY, is the number to watch.
The median listing price is down 11.8% YoY while the median home got down 16.2% bigger, so value per square foot is down 1.5%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $606K purchase rents for $2,699/mo: 0.45% of price per month against the 1% rule's 1.00%.
Not shown: 7 BR (sale only, no matching rent).
Rentals here take about 4 days longer to find a tenant than sales take to go under contract.
Not shown: Land (sold here, not rented), Manufactured (sold here, not rented), Townhouse (sold here, not rented).
U.S. Census ACS characteristics for ZIP 85083 itself, not its parent county.
Renters hold 10.5% of this ZIP's 6,907 occupied households, on a median household income of $149K.
| Measure | ZIP 85083 | Maricopa County | Difference |
|---|---|---|---|
| Median Household Income | $149K | $89K | +$60K |
| Below Poverty Level | 1.3% | 11.0% | -9.7% |
| Median Age | 41.30 | 37.60 | +3.70 |
| Total Population | 21,022 | 4,559,748 | -- |
| Avg Household Size | 2.99 | 2.59 | +0.40 |
| Owner-Occupied | 89.5% | 65.2% | +24.3% |
| Worked From Home | 30.7% | 20.8% | +9.9% |
| Mean Commute | 30.70 | 26.00 | +4.70 |
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.