Real Estate Investing in Phoenix, Arizona (85007)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 85007 (Phoenix, AZ)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.1% vacancy may signal weakening demand.
What’s happening in Phoenix, AZ (85007)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 85007 Phoenix
Not every below-median market is a bargain. Phoenix's 85007 ZIP shows signals that favor experienced operators who can absorb the risk $407K pricing implies.
The 85007 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
On the rental side, 85007 offers a low basis, the region around Phoenix has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 85007 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 85007 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Phoenix:
Property Strategy for 85007
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $401,394 | $1,530 | 2.7% | +6.3% | $200,697 |
| 3BR | $494,054 | $2,070 | 3.0% | +6.7% | $164,685 |
| 4BR | $624,503 | $2,350 | 2.7% | +6.9% | $156,126 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 85007 Compare?
| Metric | 85007 | Phoenix | Phoenix-Mesa-Chandler, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $406,748 | $448,314 | N/A | $419,643 |
| 5-Year CAGR | 2.2% | 2.8% | N/A | 6.5% |
| Avg Rent | $1,392 | $1,672 | N/A | - |
| Cap Rate | 2.7% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 85007 (Phoenix, AZ). Anonymous, moderated, never written by AI.
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Property managers serving Maricopa County
Manage rentals here? List your business →Active Renter Property Management offers rental property management services in Phoenix, Arizona, including a 6-month tenant guarantee. summary from their website
Arête Realty and Property Management, LLC offers property management services and real estate expertise in Glendale, Avondale, Chandler, Mesa, Gilbert, Sun City, Paradise Valley, Scottsdale, and Peori summary from their website
Arizona Community Management Services offers a comprehensive suite of services for Association leaders, including board training, financial management, and covenants enforcement, with decades of exper summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $406,748 |
| Monthly Rent | $1,392 |
| Price-to-Rent | 24.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | -0.7% ▼ |
| 3-Year CAGR | -0.3% ▼ |
| 5-Year CAGR | +2.2% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | -4.9% ▼ |
| 3-Year CAGR | -1.7% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 85007
Population: 13,555
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 85007
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Ralph Waldo Emerson Elementary School
Garfield School
Magnet Traditional School
P T Coe Elementary School
Thomas A Edison School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,345 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much is rent in Phoenix, AZ?
Investors in Phoenix, AZ typically see rents near $1,392/mo per month against $407K home values - a solid setup for rental cash flow.
What type of investing works in Phoenix, AZ?
For Phoenix, AZ, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How do home values compare in Phoenix, AZ?
Phoenix, AZ median home values land near $407K. That is reasonable territory for investors looking at $1,392/mo-per-month rentals.
How strict are landlord regulations in Phoenix, AZ?
AZ law landlord-friendly for landlords, and Phoenix inherits those rules. Investors should still review local ordinances for rental licensing.
What kind of vacancy should I budget for in Phoenix, AZ?
Vacancy risk in Phoenix, AZ is elevated. That supports predictable cash flow for typical rental holds.
You know 85007 now. You don’t know where it ranks.
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How 85007 ranks in Phoenix-Mesa-Chandler, AZ
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