Real Estate Investing in Phoenix, Arizona (85048)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 85048 (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 27.3 — hard to cash-flow at these prices.
What’s happening in Phoenix, AZ (85048)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 85048 Phoenix
On the rental side, ZIP 85048 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $583K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 85048 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 85048 sits on the difficult end of the AZ spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
The 85048 ZIP's population of 34,113 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Phoenix:
Property Strategy for 85048
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $222,989 | $2,000 | 6.5% | +6.0% | $222,989 |
| 2BR | $317,171 | $2,320 | 5.3% | +6.2% | $158,585 |
| 3BR | $492,462 | $3,090 | 4.5% | +6.7% | $164,154 |
| 4BR | $660,129 | $3,430 | 3.7% | +7.3% | $165,032 |
| 5BR | $803,287 | — | — | +7.7% | $160,657 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 85048 Compare?
| Metric | 85048 | Phoenix | Phoenix-Mesa-Chandler, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $582,915 | $448,314 | N/A | $419,643 |
| 5-Year CAGR | 2.9% | 2.8% | N/A | 6.5% |
| Avg Rent | $1,778 | $1,672 | N/A | - |
| Cap Rate | 2.4% | 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 85048 (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 | $582,915 |
| Monthly Rent | $1,778 |
| Price-to-Rent | 27.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | -10.5% ▼ |
| 3-Year CAGR | -3.2% ▼ |
| 5-Year CAGR | +0.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). 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 85048
Population: 34,113
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 85048
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 1,201 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Phoenix, AZ?
In Phoenix, AZ the median home value sits at $583K. Against the broader AZ market, that reads as reasonable for most investors.
How does Phoenix, AZ rate as a rental market?
Phoenix, AZ scores 3.0/5 for investability. Home values sit at $583K and rents near $1,778/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How do experienced investors play Phoenix, AZ?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Phoenix, AZ. The numbers - $583K homes against $1,778/mo rents - support that play.
Does house hacking work in Phoenix, AZ?
House hacking in Phoenix, AZ is reasonable to execute. Prices around $583K and rents of $1,778/mo solid owner-occupant economics.
Is Phoenix, AZ a friendly market for rental owners?
For rental operators, Phoenix, AZ rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 85048 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 85048 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 85048 ranks in Phoenix-Mesa-Chandler, AZ
Every ZIP in this metro, ranked. Free.
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