Real Estate Investing in Morristown, Arizona (85342)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 85342 (Morristown, AZ)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.4% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Morristown, AZ (85342)?
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Market Analysis: 85342 Morristown
The 85342 ZIP covers a section of Morristown that demands careful diligence. Prices near $406K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $406K asset, 85342 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 85342 among AZ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 85342 includes headwinds that any investor should price in. Income distribution skews lower than Morristown averages, and tenant stability requires active management.
New investors are better served looking at Morristown's stable or hybrid ZIPs before stepping into 85342. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Morristown:
Market Trends
Home Value History (with trend line)
📊 How Does 85342 Compare?
| Metric | 85342 | Morristown | Phoenix-Mesa-Chandler, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $406,217 | $406,217 | N/A | $419,643 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 6.5% |
| Avg Rent | $1,377 | $1,377 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 85342 (Morristown, 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 | $406,217 |
| Monthly Rent | $1,377 |
| Price-to-Rent | 24.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). 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 85342
Population: 1,639
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 85342
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.
Frequently Asked Questions
How tight is the rental market in Morristown, AZ?
Morristown, AZ sees elevated vacancy, which is reasonable relative to the broader AZ rental market.
What is the typical renter like in Morristown, AZ?
The renter base in Morristown, AZ is reasonable for the $1,377/mo price point. Screening well and pricing to market typically yields predictable tenants.
How much rent can I charge in Morristown, AZ?
Average rent in Morristown, AZ is approximately $1,377/mo per month. Against $406K home values that yields a reasonable rent-to-price ratio.
Are landlord laws favorable in Morristown, AZ?
For rental operators, Morristown, AZ rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is housing expensive in Morristown, AZ?
Typical homes in Morristown, AZ go for around $406K. The 5-year CAGR of 0.0% stable price movement.
You know 85342 now. You don’t know where it ranks.
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How 85342 ranks in Phoenix-Mesa-Chandler, AZ
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