Area data
Phoenix, AZ — ZIP 85023
Population: 35,034 (Census ACS)
The median home value in ZIP 85023 (Phoenix, AZ) is $419,453 — down 1.7% over the past year. Homes sell for a median $445,000 after a median 40 days on market. Typical rent runs $1,268/month. 9 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Very High, with hail, heatwave, inlandflooding the top-rated hazards. Cost of living is 0.6% above the US average (BEA, metro/state-level).
$419,453
Median home value
-1.7%
1-year change
40
Median days on market
Very High
Hazard risk (county)
Home values & appreciation
- Median home value
- $419,453
- 1-year appreciation
- -1.7%
- 3-year appreciation
- -2.1%
- 5-year appreciation
- +10.1%
- 10-year appreciation
- +86.2%
- All-time peak (2022-07)
- $472,728
- House Price Index (state)
- 567.6 (+0.5% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- Median sale price
- $445,000
- Median list price
- $439,000
- Median price per sqft
- $273
- 1-year sale-price change
- -3.3%
- Median days on market
- 40 days
- Homes sold (recent period)
- 93
- For-sale inventory
- 103
- Sale-to-list ratio
- 98.2%
- Active listings
- 75
- 1-year forecast
- -1.1%
- Days to pending
- 44 days
- New listings (monthly)
- 35
Source: recent area sales and market data (ZIP-level)
Rents
- Typical rent
- $1,268/mo
- 1-year rent change
- +0.5%
- Studio fair-market rent
- $1,300/mo
- 1BR fair-market rent
- $1,410/mo
- 2BR fair-market rent
- $1,640/mo
- 3BR fair-market rent
- $2,190/mo
- 4BR fair-market rent
- $2,430/mo
Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)
Affordability
- Cost of living index (Above Average)
- 100.6 (100 = US avg)
- Electricity rate (state-level)
- 15.3¢/kWh
- Natural gas rate (state-level)
- $18.60/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Schools
- Total schools
- 9
- Elementary schools
- 6
- Middle schools
- 1
- High schools
- 2
- Charter schools
- 2
- School districts serving the area
- Ball Charter Schools (Hearn) (4294), West-MEC - Western Maricopa Education Center (80923), Reid Traditional Schools' Painted Rock Academy Inc (91317)
- Schools include
- Hearn Academy The - A Ball Charter School, West-MEC - Thunderbird High School, Reid Traditional Schools' Painted Rock Academy, Thunderbird High School, Constitution Elementary School
Source: NCES school directory, 2022-23 (school-address-based)
Natural hazards & flood risk
- Overall hazard risk (county)
- Very High
- Top hazards (county)
- hail, heatWave, inlandFlooding, strongWind, drought
- Notable hazard ratings (county)
- drought: Relatively High · earthquake: Relatively Moderate · hail: Very High · heatWave: Very High · inlandFlooding: Very High · landslide: Relatively Low
- Wildfire risk to homes (county)
- Higher than 79% of US counties
- Buildings in wildfire direct-exposure zone
- 13.2%
- Radon potential (county)
- Moderate radon potential — EPA Zone 2 of 3
- EPA Superfund (NPL) sites within 5 mi
- None
- Nearest Superfund site
- Motorola, Inc. (52nd Street Plant) (13.9 mi)
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Average annual temperature
- 74.0°F
- Average high
- 86.0°F
- Average low
- 62.0°F
- Annual precipitation
- 10.9 in
- USDA plant hardiness zone
- 9b (extreme annual low 25 to 30°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Air quality
- Air quality rating
- Moderate
- Median AQI (annual)
- 72
- Days with Good air quality
- 41
- Days with Moderate air quality
- 256
- Days with Unhealthy air quality
- 7
- Highest AQI recorded (year)
- 183
Source: EPA air quality data (nearest monitoring station, annual)
Walkability & transit
- Walkability index
- 13.2 / 20
- Transit service frequency
- 515
- Jobs reachable by car (30 min)
- 112,024
- Jobs reachable by transit (45 min)
- 94,618
Source: EPA Smart Location Database (metropolitan block groups)
Amenities
- National parks within ~60 mi
- 2
- Nearest national park
- Casa Grande Ruins National Monument (55 mi)
- National parks include
- Casa Grande Ruins National Monument, Tonto National Monument
- Airports within 30 mi
- 16
- Nearest airport
- Sunnyslope Glider Landing Zone (4 mi)
- Nearest major airport
- Phoenix Sky Harbor International Airport (PHX) (15 mi)
- Hospitals nearby (~15 mi)
- 36
- Hospitals include
- BANNER - UNIVERSITY MEDICAL CENTER PHOENIX, HONORHEALTH TEMPE MEDICAL CENTER, COLLEGE MEDICAL CENTER PHOENIX
- Avg hospital rating (CMS)
- 3.2 / 5
- Best hospital rating nearby (CMS)
- 5.0 / 5
- EV charging stations (within 10 mi)
- 252
- Solar radiation rating
- Excellent (5.8 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Migration
- Net migration (county)
- +6,982 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 1,984
- Housing built before 1970
- 6.5%
- Housing built 2000 or later
- 14.7%
- Median annual property tax
- $1,802
- Mean commute to work
- 22 min
- Households with broadband internet
- 79.8%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 2,020,817
- Average weekly wage
- $1,347
- Top industries (by employment)
- Health Care, Accommodation & Food, Administrative Services
- Annual residential building permits (county)
- 21,487
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| ZIP 85023 | State median | US median | |
|---|---|---|---|
| Median home value | $419,453 | $392,647 | $289,727 |
| Median sale price | $445,000 | $379,000 | $325,000 |
| Median days on market | 40 days | 65 days | 51 days |
| Typical rent | $1,268/mo | $1,713/mo | $1,808/mo |
| Median annual property tax | $1,802 | $1,519 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median home value in ZIP 85023?
- $419,453.
- What is the median sale price in ZIP 85023?
- $445,000.
- How long do homes take to sell in ZIP 85023?
- Median days on market: 40 days.
- What is typical rent in ZIP 85023?
- Typical rent: $1,268/month.
- What is the natural-hazard risk in ZIP 85023?
- Overall risk: Very High (FEMA NRI, county-level). Top hazards: hail, heatWave, inlandFlooding, strongWind, drought.
- What is the wildfire risk in ZIP 85023?
- Risk to homes is higher than 79% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in ZIP 85023?
- Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 85023?
- No current or proposed National Priorities List sites within 5 miles (EPA).
- How many schools serve ZIP 85023?
- 9 schools (6 elementary, 1 middle, 2 high) (NCES, 2022-23).
- Is ZIP 85023 walkable?
- Walkability index: 13.2/20 (EPA Smart Location Database).
- What is the air quality in ZIP 85023?
- Moderate. Median AQI: 72. (EPA AQI).
- What is the cost of living in ZIP 85023?
- Regional Price Parity: 100.6 (100 = US average) (Above Average) (BEA RPP, metro/state-level).
Nearby ZIP codes
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Data last updated
Most recent source refresh: Sep 2026. See all data sources →