Real Estate Investing in Phoenix, Arizona (85037)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 85037 (Phoenix, AZ)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 (85037)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 85037 Phoenix
From an investor standpoint, ZIP 85037 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $354K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 85037 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 85037's metrics run below Maricopa County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
On balance, 53,041 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 85037 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 85037
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $283,632 | $1,890 | 4.8% | +8.3% | $141,816 |
| 3BR | $346,515 | $2,520 | 5.2% | +7.6% | $115,505 |
| 4BR | $384,125 | $2,800 | 5.2% | +7.9% | $96,031 |
| 5BR | $434,041 | — | — | +7.5% | $86,808 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 85037 Compare?
| Metric | 85037 | Phoenix | Phoenix-Mesa-Chandler, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $354,062 | $448,314 | N/A | $419,643 |
| 5-Year CAGR | 3.2% | 2.8% | N/A | 6.5% |
| Avg Rent | $1,733 | $1,672 | N/A | - |
| Cap Rate | 3.8% | 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 85037 (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 | $354,062 |
| Monthly Rent | $1,733 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +0.6% ▲ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 Rent Trends
| 1-Year | -3.2% ▼ |
| 3-Year CAGR | +0.0% ▲ |
| 5-Year CAGR | +2.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 85037
Population: 53,041
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 85037
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 6,553 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Phoenix, AZ better for rentals, flips, or BRRRR?
The best-fit strategy in Phoenix, AZ is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Are landlord laws favorable in Phoenix, AZ?
For rental operators, Phoenix, AZ rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How strong is tenant demand in Phoenix, AZ?
Expect a solid tenant pool in Phoenix, AZ. The rental market absorbs $1,733/mo rents without meaningful friction.
What is the investability score for Phoenix, AZ?
The 3.0/5 investability rating in Phoenix, AZ reflects its $354K prices and $1,733/mo rents. Investors generally consider it a solid option within AZ.
What do landlords charge for rent in Phoenix, AZ?
Investors in Phoenix, AZ typically see rents near $1,733/mo per month against $354K home values - a solid setup for rental cash flow.
You know 85037 now. You don’t know where it ranks.
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How 85037 ranks in Phoenix-Mesa-Chandler, AZ
Every ZIP in this metro, ranked. Free.
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