Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 85016 area can be challenging. Home prices in 85016 are now at a median cost of $410,542, higher than the Arizona average of $274,828.
The average cost of rent is $1,433/mo in 85016, primarily driven by the current value of real estate in the 85016 area. While nearly 39.00% of residents own their homes outright in 85016, 45.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in 85016 is $7,085 per month. Households that rent pay about 20.22% of their income on rent here. 85016's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 85014, AZ: less expensive homes
- 85012, AZ: higher priced homes
- 85018, AZ: higher priced homes
- 85006, AZ: less expensive homes
- 85013, AZ: less expensive homes
- 85008, AZ: less expensive homes
- 85004, AZ: less expensive homes
- 85034, AZ: less expensive homes
- 85015, AZ: less expensive homes
- 85003, AZ: less expensive homes
Zip Codes with Similar Populations
- 75248, TX: equally priced homes
- 60031, IL: less expensive homes
- 60060, IL: less expensive homes
- 60074, IL: less expensive homes
- 60101, IL: less expensive homes
- 60110, IL: less expensive homes
- 60477, IL: less expensive homes
- 60504, IL: less expensive homes
- 60624, IL: less expensive homes
- 61201, IL: less expensive homes
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