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These days, finding an affordable place to live in the 85040 area can be challenging. Home prices in 85040 are now at a median cost of $200,176, lower than the Arizona average of $274,828.
The average cost of rent is $1,179/mo in 85040, primarily driven by the current value of real estate in the 85040 area. While nearly 36.89% of residents own their homes outright in 85040, 60.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in 85040 is $4,393 per month. Households that rent pay about 26.83% of their income on rent here. 85040's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 85042, AZ: higher priced homes
- 85034, AZ: equally priced homes
- 85041, AZ: higher priced homes
- 85003, AZ: higher priced homes
- 85004, AZ: higher priced homes
- 85006, AZ: higher priced homes
- 85007, AZ: higher priced homes
- 85008, AZ: equally priced homes
- 85044, AZ: higher priced homes
- 85283, AZ: higher priced homes
Zip Codes with Similar Populations
- 30316, GA: higher priced homes
- 91355, CA: higher priced homes
- 91354, CA: higher priced homes
- 91321, CA: higher priced homes
- 91107, CA: higher priced homes
- 91007, CA: higher priced homes
- 90012, CA: higher priced homes
- 86442, AZ: less expensive homes
- 86001, AZ: higher priced homes
- 85741, AZ: equally priced homes
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