Real Estate Investing in Phoenix, Arizona (85043)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 85043 (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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Phoenix, AZ (85043)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 85043 Phoenix
This part of Maricopa County is not an easy win. The 85043 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 85043 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 85043'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.
A notable renter share of 35% in 85043 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 85043 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 85043
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $252,158 | $1,830 | 5.2% | +8.5% | $126,079 |
| 3BR | $353,914 | $2,440 | 5.0% | +7.9% | $117,971 |
| 4BR | $391,691 | $2,720 | 5.0% | +7.9% | $97,923 |
| 5BR | $452,113 | — | — | +7.7% | $90,423 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 85043 Compare?
| Metric | 85043 | Phoenix | Phoenix-Mesa-Chandler, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $369,111 | $448,314 | N/A | $419,643 |
| 5-Year CAGR | 2.8% | 2.8% | N/A | 6.5% |
| Avg Rent | $1,943 | $1,672 | N/A | - |
| Cap Rate | 4.1% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 85043 (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 | $369,111 |
| Monthly Rent | $1,943 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | -0.9% ▼ |
| 3-Year CAGR | -0.3% ▼ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 Rent Trends
| 1-Year | -1.4% ▼ |
| 3-Year CAGR | +0.0% ▲ |
| 5-Year CAGR | +3.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 85043
Population: 39,603
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 85043
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
What is the median home value in Phoenix, AZ?
Expect median prices around $369K in Phoenix, AZ. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Is it easy to find good tenants in Phoenix, AZ?
The renter base in Phoenix, AZ is reasonable for the $1,943/mo price point. Screening well and pricing to market typically yields predictable tenants.
Does house hacking work in Phoenix, AZ?
House hacking in Phoenix, AZ is reasonable to execute. Prices around $369K and rents of $1,943/mo solid owner-occupant economics.
Do rentals sit vacant long in Phoenix, AZ?
Rental vacancy in Phoenix, AZ is elevated. Investors should budget normal turnover but not chronic empty units.
How landlord-friendly is Phoenix, AZ?
Landlord-friendliness in Phoenix, AZ is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 85043 now. You don’t know where it ranks.
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How 85043 ranks in Phoenix-Mesa-Chandler, AZ
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