Real Estate Investing in Phoenix, Arizona (85044)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 85044 (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 26.2 — hard to cash-flow at these prices.
What’s happening in Phoenix, AZ (85044)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 85044 Phoenix
This part of Maricopa County is not an easy win. The 85044 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 85044 can be a a strong candidate for hunting ground — but the discount at $479K reflects genuine risk that outside investors often underestimate.
In the broader AZ picture, 85044 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 85044 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 85044 is an operator game, not a passive one. Stepping back, entry prices of $479K 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 85044
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $353,990 | $2,250 | 4.6% | +6.6% | $176,995 |
| 3BR | $469,408 | $3,000 | 4.6% | +6.5% | $156,469 |
| 4BR | $587,190 | $3,330 | 4.1% | +7.0% | $146,797 |
| 5BR | $917,285 | — | — | +8.1% | $183,457 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 85044 Compare?
| Metric | 85044 | Phoenix | Phoenix-Mesa-Chandler, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $478,660 | $448,314 | N/A | $419,643 |
| 5-Year CAGR | 2.4% | 2.8% | N/A | 6.5% |
| Avg Rent | $1,524 | $1,672 | N/A | - |
| Cap Rate | 2.5% | 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 85044 (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 | $478,660 |
| Monthly Rent | $1,524 |
| Price-to-Rent | 26.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | -0.1% ▼ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | -2.5% ▼ |
| 3-Year CAGR | -1.5% ▼ |
| 5-Year CAGR | -0.6% ▼ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). 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 85044
Population: 40,419
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 85044
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Cloves C Campbell Sr Elementary School
T G Barr School
Maxine O Bush Elementary School
John F Kennedy Elementary School
Nevitt Elementary School
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 1,201 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors worry about vacancy in Phoenix, AZ?
Vacancy in Phoenix, AZ is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,524/mo.
What price range are homes in Phoenix, AZ?
Median home price in Phoenix, AZ is near $479K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
What do landlords charge for rent in Phoenix, AZ?
Rent in Phoenix, AZ is around $1,524/mo. The resulting rent-to-value relationship with $479K pricing is reasonable for most investor models.
Is it easy to find good tenants in Phoenix, AZ?
The renter base in Phoenix, AZ is reasonable for the $1,524/mo price point. Screening well and pricing to market typically yields predictable tenants.
Which investment style suits Phoenix, AZ?
A careful cash-flow rentals with hands-on management strategy Phoenix, AZ best. The market produces consistent results for that approach at the $479K price point.
You know 85044 now. You don’t know where it ranks.
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How 85044 ranks in Phoenix-Mesa-Chandler, AZ
Every ZIP in this metro, ranked. Free.
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