Welcome to our 85053 real estate data hub, tailored for investors in Phoenix, AZ. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 85053 in Phoenix, AZ. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MARICOPA COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Phoenix, AZ real estate investing. Uncover the wealth of information available, and position yourself for success in the Phoenix property market.
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Location Overview
- Zip Code: 85053
- City: Phoenix
- State: AZ
- Metro Area: Phoenix-Mesa-Chandler, AZ
- County Name: MARICOPA COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $361,780
- Average Home Price (Single Family Homes): $368,061
- Average Monthly Rental Price (All Types): $1,370
- Price-to-Rent Ratio: 22
- Zillow Projected % appreciation from 4/2023-4/2024: 1.4%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,540
- Average 3 Bedroom Section 8 Rental Rates: $2,110
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 19.58
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 14.29
- Number of Units Offered in Section 8 in the County: 8542
- Number of Occupied Units in Section 8 in the County: 8071
- Percentage of Section 8 Units Occupied in the County: 94.5%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 390.66
- Total % Appreciation since 2000 (Government Data): 234.19
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.68%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 0.14%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 36.51%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 62.26%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 177.83%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 77.1%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 180.05%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 3.83%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.05%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 40.01%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 63.65%