Real Estate Investing in Phoenix, Arizona (85014)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 85014 (Phoenix, AZ)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 11.1% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 25.8 — hard to cash-flow at these prices.
What’s happening in Phoenix, AZ (85014)?
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Market Analysis: 85014 Phoenix
The 85014 ZIP in Phoenix, AZ is a local-operator market. Outside capital chasing a $447K entry has to pair deep knowledge with the discount.
For an experienced owner, 85014 can be a a viable market for hunting ground — but the discount at $447K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 85014 among AZ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 85014 ZIP's population of 26,215 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Strategy in 85014 is an operator game, not a passive one. On balance, entry prices of $447K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Phoenix:
Property Strategy for 85014
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $220,480 | $1,570 | 5.1% | +7.7% | $220,480 |
| 2BR | $324,571 | $1,820 | 4.0% | +5.6% | $162,285 |
| 3BR | $569,166 | $2,430 | 3.1% | +6.5% | $189,722 |
| 4BR | $767,882 | $2,690 | 2.5% | +7.4% | $191,970 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 85014 Compare?
| Metric | 85014 | Phoenix | Phoenix-Mesa-Chandler, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $446,732 | $448,314 | N/A | $419,643 |
| 5-Year CAGR | 1.7% | 2.8% | N/A | 6.5% |
| Avg Rent | $1,443 | $1,672 | N/A | - |
| Cap Rate | 2.5% | 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 85014 (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 | $446,732 |
| Monthly Rent | $1,443 |
| Price-to-Rent | 25.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 4.2% |
📈 Home Appreciation
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | +1.7% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | -4.1% ▼ |
| 3-Year CAGR | -2.5% ▼ |
| 5-Year CAGR | +1.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). 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 85014
Population: 26,215
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 85014
Schools in This ZIP Code
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 3,073 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Phoenix, AZ a smart market for rental property?
With a 2.0/5 investability score, Phoenix, AZ ranks as a solid market for rental property investors. Median prices of $447K and rents of $1,443/mo drive the underlying numbers.
Are rents high in Phoenix, AZ?
Rents in Phoenix, AZ run near $1,443/mo. Compared with median home prices of $447K that produces solid gross yields for typical rentals.
How much does a house cost in Phoenix, AZ?
In Phoenix, AZ the median home value sits at $447K. Against the broader AZ market, that reads as reasonable for most investors.
Are there empty rentals in Phoenix, AZ?
Vacancy in Phoenix, AZ is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,443/mo.
Is rental property easy to operate in Phoenix, AZ?
Landlord-friendliness in Phoenix, AZ is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 85014 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 85014 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 85014 ranks in Phoenix-Mesa-Chandler, AZ
Every ZIP in this metro, ranked. Free.
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