Real Estate Investing in Phoenix, Arizona (85083)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 85083 (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 (85083)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 85083 Phoenix
Investors eyeing 85083 need to respect the fundamentals at play. Home values of $626K come alongside slower price movement and elevated management overhead.
Rent of $2,620/mo on a $626K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 85083 sits below the stated 0.0% once reality is priced in.
In the broader AZ picture, 85083 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A notable renter share of 9% in 85083 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 85083 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 85083
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $371,221 | $2,510 | 4.9% | +7.5% | $185,611 |
| 3BR | $504,587 | $3,360 | 4.8% | +7.5% | $168,196 |
| 4BR | $643,127 | $3,760 | 4.2% | +8.1% | $160,782 |
| 5BR | $751,480 | — | — | +8.8% | $150,296 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 85083 Compare?
| Metric | 85083 | Phoenix | Phoenix-Mesa-Chandler, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $625,710 | $448,314 | N/A | $419,643 |
| 5-Year CAGR | 3.3% | 2.8% | N/A | 6.5% |
| Avg Rent | $2,620 | $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 85083 (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 | $625,710 |
| Monthly Rent | $2,620 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +0.2% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
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 85083
Population: 21,225
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 85083
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 2,199 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical renter like in Phoenix, AZ?
Expect a solid tenant pool in Phoenix, AZ. The rental market absorbs $2,620/mo rents without meaningful friction.
Is real estate in Phoenix, AZ a good investment right now?
Yes - Phoenix, AZ a 3.0/5 investability score. With $626K home prices against $2,620/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the typical vacancy rate in Phoenix, AZ?
Phoenix, AZ carries elevated vacancy risk. Expect stable absorption at market rents of $2,620/mo.
What is it like being a landlord in Phoenix, AZ?
Rental owners in Phoenix, AZ deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How expensive is real estate in Phoenix, AZ?
Expect median prices around $626K in Phoenix, AZ. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
You know 85083 now. You don’t know where it ranks.
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How 85083 ranks in Phoenix-Mesa-Chandler, AZ
Every ZIP in this metro, ranked. Free.
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