Real Estate Investing in Peoria, Arizona (85345)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 85345 (Peoria, 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 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 Peoria, AZ (85345)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 85345 Peoria
The 85345 ZIP covers a section of Peoria that demands careful diligence. Prices near $365K look accessible, but the work to make a deal cash flow is real.
On the rental side, the numbers look inviting — $365K purchase price, 0.0% nominal cap — the work to hit that pro forma in 85345 is substantial and deserves full respect.
Within AZ, ZIP 85345 trails on several market indicators that neighboring Maricopa County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Who lives in 85345 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 85345 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Peoria:
Property Strategy for 85345
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $269,954 | $1,790 | 4.8% | +6.9% | $134,977 |
| 3BR | $363,523 | $2,390 | 4.7% | +7.5% | $121,174 |
| 4BR | $410,347 | $2,650 | 4.6% | +7.3% | $102,587 |
| 5BR | $488,582 | — | — | +7.5% | $97,716 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 85345 Compare?
| Metric | 85345 | Peoria | Phoenix-Mesa-Chandler, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $364,770 | $477,050 | N/A | $419,643 |
| 5-Year CAGR | 2.9% | 2.7% | N/A | 6.5% |
| Avg Rent | $1,824 | $1,847 | N/A | - |
| Cap Rate | 3.9% | 3.1% | - | - |
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 85345 (Peoria, 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 | $364,770 |
| Monthly Rent | $1,824 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +2.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). 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 85345
Population: 61,822
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 85345
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 3,936 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do landlords charge for rent in Peoria, AZ?
Expect rents around $1,824/mo per month in Peoria, AZ. With home values at $365K, the yield math works out to reasonable levels for rental investors.
How strong is the working-renter base in Peoria, AZ?
Tenant demand in Peoria, AZ is solid. The local workforce $1,824/mo rents across most rental classes.
How should investors approach Peoria, AZ?
In Peoria, AZ the durable play is typically careful cash-flow rentals with hands-on management. The combination of $365K prices and $1,824/mo rents suits that approach.
Is Peoria, AZ good for landlords?
For rental operators, Peoria, AZ rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is housing expensive in Peoria, AZ?
Peoria, AZ home values average about $365K. That price point suits investors targeting rentals with $1,824/mo in monthly income.
You know 85345 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 85345 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 85345 ranks in Phoenix-Mesa-Chandler, AZ
Every ZIP in this metro, ranked. Free.
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