Real Estate Investing in Springerville, Arizona (85938)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 85938 (Springerville, 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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 29.9% 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 Springerville, AZ (85938)?
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Market Analysis: 85938 Springerville
ZIP 85938 in Springerville, AZ carries a substantial set of headwinds. Home values near $255K and rents of $1,404/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 85938 can be a a credible choice for hunting ground — but the discount at $255K reflects genuine risk that outside investors often underestimate.
Within AZ, ZIP 85938 trails on several market indicators that neighboring Apache County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Who lives in 85938 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. resilient returns are possible in 85938, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Springerville:
Market Trends
Home Value History (with trend line)
📊 How Does 85938 Compare?
| Metric | 85938 | Springerville | Arizona |
|---|---|---|---|
| Home Value | $255,094 | $255,094 | $419,643 |
| 5-Year CAGR | 4.7% | 4.7% | 6.5% |
| Avg Rent | $1,404 | $1,404 | - |
| Cap Rate | 4.3% | 4.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 85938 (Springerville, AZ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $255,094 |
| Monthly Rent | $1,404 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (4.3%). 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 85938
Population: 2,079
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 85938
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 does Springerville, AZ stack up for property investment?
Springerville, AZ posts an investability rating of 3.0/5, with median home values near $255K and average rents around $1,404/mo. That combination puts it in the sturdy tier for investor interest.
Are rents high in Springerville, AZ?
Rents in Springerville, AZ run near $1,404/mo. Compared with median home prices of $255K that produces solid gross yields for typical rentals.
What is the renter demographic in Springerville, AZ?
Tenant quality in Springerville, AZ ranks as solid. Landlords generally report measured occupancy at market rents of $1,404/mo.
What real estate strategy is ideal for Springerville, AZ?
For Springerville, AZ, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Should investors worry about vacancy in Springerville, AZ?
Vacancy in Springerville, AZ is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,404/mo.
You know 85938 now. You don’t know where it ranks.
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