Real Estate Investing in Phoenix, Arizona (85017)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 85017 (Phoenix, AZ)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated poverty: 22.3% poverty rate — can affect rent collection.
What’s happening in Phoenix, AZ (85017)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 85017 Phoenix
This part of Maricopa County is not an easy win. The 85017 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 85017 is robust only for operators who understand what they are buying. A $301K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 85017 among AZ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 85017 includes headwinds that any investor should price in. Income distribution skews lower than Phoenix averages, and tenant stability requires active management.
The right play in 85017 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Phoenix:
Property Strategy for 85017
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $197,292 | $1,530 | 5.6% | +7.0% | $98,646 |
| 3BR | $310,866 | $2,070 | 4.8% | +7.1% | $103,622 |
| 4BR | $340,658 | $2,350 | 5.0% | +7.2% | $85,164 |
| 5BR | $363,800 | — | — | +7.4% | $72,760 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 85017 Compare?
| Metric | 85017 | Phoenix | Phoenix-Mesa-Chandler, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $301,412 | $448,314 | N/A | $419,643 |
| 5-Year CAGR | 2.5% | 2.8% | N/A | 6.5% |
| Avg Rent | $1,290 | $1,672 | N/A | - |
| Cap Rate | 3.3% | 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 85017 (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 | $301,412 |
| Monthly Rent | $1,290 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | -1.4% ▼ |
| 3-Year CAGR | -0.6% ▼ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 Rent Trends
| 1-Year | -23.3% ▼ |
| 3-Year CAGR | -8.2% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 85017
Population: 44,336
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 85017
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
How much rent can I charge in Phoenix, AZ?
The typical rental in Phoenix, AZ commands about $1,290/mo monthly. That rent profile consistent cash flow against the $301K purchase basis.
What is the typical renter like in Phoenix, AZ?
The tenant pool in Phoenix, AZ is solid, supported by local employment and population fundamentals. Rents of $1,290/mo are well-absorbed by the market.
What strategy should investors use 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.
What is the average home sale price in Phoenix, AZ?
Median home price in Phoenix, AZ is near $301K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
Is Phoenix, AZ a good place for real estate investing?
Phoenix, AZ rates 3.0/5 for investability. With median values at $301K and rents near $1,290/mo, the market offers reasonable fundamentals for rental investors.
You know 85017 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 85017 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 85017 ranks in Phoenix-Mesa-Chandler, AZ
Every ZIP in this metro, ranked. Free.
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