Real Estate Investing in Phoenix, Arizona (85035)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 85035 (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.
No major risk flags on the data we track.
What’s happening in Phoenix, AZ (85035)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 85035 Phoenix
Investors eyeing 85035 need to respect the fundamentals at play. Home values of $321K come alongside slower price movement and elevated management overhead.
For an experienced owner, 85035 can be a a credible choice for hunting ground — but the discount at $321K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Phoenix have seen price recovery that 85035 has not matched. Maricopa County data supports the view that the spread is structural rather than temporary.
A sturdy renter share of 53% in 85035 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 85035 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 85035
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $277,691 | $1,590 | 4.1% | +8.3% | $138,845 |
| 3BR | $323,747 | $2,120 | 4.7% | +7.7% | $107,916 |
| 4BR | $342,208 | $2,350 | 4.9% | +8.1% | $85,552 |
| 5BR | $359,134 | — | — | +8.7% | $71,827 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 85035 Compare?
| Metric | 85035 | Phoenix | Phoenix-Mesa-Chandler, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $321,204 | $448,314 | N/A | $419,643 |
| 5-Year CAGR | 3.2% | 2.8% | N/A | 6.5% |
| Avg Rent | $1,364 | $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 85035 (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 | $321,204 |
| Monthly Rent | $1,364 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | -0.4% ▼ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 Rent Trends
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | -1.0% ▼ |
| 5-Year CAGR | -0.6% ▼ |
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 85035
Population: 52,002
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 85035
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
Where do home prices stand in Phoenix, AZ?
Expect median prices around $321K in Phoenix, AZ. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
Are renters plentiful in Phoenix, AZ?
Expect a solid tenant pool in Phoenix, AZ. The rental market absorbs $1,364/mo rents without meaningful friction.
Are landlord laws favorable in Phoenix, AZ?
Phoenix, AZ falls under AZ landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Does house hacking work in Phoenix, AZ?
For house hackers, Phoenix, AZ is a challenging. The $1,364/mo rent on a unit helps defray the mortgage on a $321K property.
What monthly rent should investors expect in Phoenix, AZ?
Rents in Phoenix, AZ run near $1,364/mo. Compared with median home prices of $321K that produces solid gross yields for typical rentals.
You know 85035 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 85035 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 85035 ranks in Phoenix-Mesa-Chandler, AZ
Every ZIP in this metro, ranked. Free.
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