Real Estate Investing in Phoenix, Arizona (85022)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 85022 (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.
- High price-to-rent: Price-to-rent ratio 27.8 — hard to cash-flow at these prices.
What’s happening in Phoenix, AZ (85022)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 85022 Phoenix
Turning to rents, ZIP 85022 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $465K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 85022 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Phoenix have seen price recovery that 85022 has not matched. Maricopa County data supports the view that the spread is structural rather than temporary.
A substantial renter share of 49% in 85022 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 85022 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 85022
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $202,834 | $1,700 | 6.0% | +7.9% | $202,834 |
| 2BR | $298,349 | $1,980 | 4.8% | +6.7% | $149,174 |
| 3BR | $455,431 | $2,640 | 4.2% | +6.9% | $151,810 |
| 4BR | $631,273 | $2,930 | 3.3% | +7.7% | $157,818 |
| 5BR | $852,445 | — | — | +8.7% | $170,489 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 85022 Compare?
| Metric | 85022 | Phoenix | Phoenix-Mesa-Chandler, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $465,301 | $448,314 | N/A | $419,643 |
| 5-Year CAGR | 2.7% | 2.8% | N/A | 6.5% |
| Avg Rent | $1,394 | $1,672 | N/A | - |
| Cap Rate | 2.3% | 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 85022 (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 | $465,301 |
| Monthly Rent | $1,394 |
| Price-to-Rent | 27.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 5.0% |
📈 Home Appreciation
| 1-Year | +0.6% ▲ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | -3.0% ▼ |
| 3-Year CAGR | -1.9% ▼ |
| 5-Year CAGR | -0.1% ▼ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). 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 85022
Population: 52,488
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 85022
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Larkspur Elementary School
Whispering Wind Academy
Campo Bello Elementary School
Indian Bend Elementary School
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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 2,199 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do rentals sit vacant long in Phoenix, AZ?
Occupancy in Phoenix, AZ runs measured with elevated vacancy. Well-priced units at $1,394/mo lease on reasonable timelines.
Which investment style suits Phoenix, AZ?
In Phoenix, AZ the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $465K prices and $1,394/mo rents suits that approach.
How expensive is real estate in Phoenix, AZ?
In Phoenix, AZ the median home value sits at $465K. Against the broader AZ market, that reads as reasonable for most investors.
How landlord-friendly is Phoenix, AZ?
AZ ranks as a landlord-friendly state for landlord-tenant law. Phoenix generally follows the statewide framework, so landlords face reasonable operating rules.
What monthly rent should investors expect in Phoenix, AZ?
Rents in Phoenix, AZ run near $1,394/mo. Compared with median home prices of $465K that produces solid gross yields for typical rentals.
You know 85022 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 85022 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 85022 ranks in Phoenix-Mesa-Chandler, AZ
Every ZIP in this metro, ranked. Free.
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