Real Estate Investing in Phoenix, Arizona (85031)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 85031 (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 25.4 — hard to cash-flow at these prices.
What’s happening in Phoenix, AZ (85031)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 85031 Phoenix
Investors eyeing 85031 need to respect the fundamentals at play. Home values of $326K come alongside slower price movement and elevated management overhead.
Rent of $1,069/mo on a $326K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 85031 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 85031 among AZ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 85031 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 85031 is an operator game, not a passive one. Turning to rents, entry prices of $326K 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 85031
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $139,191 | $1,700 | 8.8% | +5.5% | $69,595 |
| 3BR | $318,218 | $2,270 | 5.1% | +7.9% | $106,073 |
| 4BR | $341,670 | $2,510 | 5.3% | +7.9% | $85,417 |
| 5BR | $362,014 | — | — | +8.2% | $72,403 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 85031 Compare?
| Metric | 85031 | Phoenix | Phoenix-Mesa-Chandler, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $325,961 | $448,314 | N/A | $419,643 |
| 5-Year CAGR | 3.3% | 2.8% | N/A | 6.5% |
| Avg Rent | $1,069 | $1,672 | N/A | - |
| Cap Rate | 2.6% | 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 85031 (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 | $325,961 |
| Monthly Rent | $1,069 |
| Price-to-Rent | 25.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +0.0% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +9.1% ▲ |
🏠 Rent Trends
| 1-Year | -17.9% ▼ |
| 3-Year CAGR | -8.4% ▼ |
| 5-Year CAGR | -1.9% ▼ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). 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 85031
Population: 30,681
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 85031
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 7,009 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are rents high in Phoenix, AZ?
Phoenix, AZ rentals go for roughly $1,069/mo a month. That puts gross yield in solid territory relative to $326K acquisition costs.
What kind of tenants rent in Phoenix, AZ?
Tenant quality in Phoenix, AZ ranks as solid. Landlords generally report predictable occupancy at market rents of $1,069/mo.
What price range are homes in Phoenix, AZ?
Median home price in Phoenix, AZ is near $326K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Does Phoenix, AZ favor landlords or tenants?
Phoenix, AZ operates under AZ law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
Is Phoenix, AZ good for house hacking?
House hacking in Phoenix, AZ is a challenging. With home values around $326K and rents at $1,069/mo, owner-occupants can offset a meaningful share of PITI.
You know 85031 now. You don’t know where it ranks.
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How 85031 ranks in Phoenix-Mesa-Chandler, AZ
Every ZIP in this metro, ranked. Free.
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