Living in 85007 - Phoenix, Arizona

The Complete Guide to 85007 - Phoenix, AZ

Located just west and south of the state capitol complex, 85007 is a working-class neighborhood with deep roots and genuine character. The Capitol building and Wesley Bolin Memorial Plaza anchor the northern section. You will find small ranch homes, some older adobe-style houses, and a growing number of renovated properties as the area evolves. Grant Park provides green space, and the Rio Salado area to the south connects to bike paths. Buckeye Road and lower 7th Avenue have long been corridors for local businesses, panaderias, and family-run restaurants. This is one of the most affordable zips this close to the center of Phoenix.

The 85007 zip code falls within Phoenix in Maricopa County, covering a population of approximately 27,000 residents. Notable communities within this zip code include Downtown Phoenix, each contributing to the area's overall character. The median age of 31 reflects a younger, more transient population base that may include students, young professionals, and young families.

Housing in 85007 spans a median home price of $295K, with median rental rates sitting at $1,150 per month. Rental rates are in line with the broader Phoenix market, making the area competitive for tenants and attractive for investors seeking reasonable cap rates. School-age families in 85007 are primarily served by Roosevelt Elementary School District (rated C+) and Phoenix Union High School District (rated B), which provide solid educational foundations with a range of program options.

Real Estate Market in 85007

ZIP 85007 trades at $295K median and $155 per square foot - below Phoenix's $191 city average, which flags this as a value zone within the city where your dollar stretches further. At 24 days on market, properties here do not linger - if you see something you want, your window to act is measured in days, not weeks.

The rent-versus-buy math in 85007 is worth examining. At $1,150 monthly rent and a 4.7% annual rent-to-price ratio, the ownership cost runs higher than renting, which is typical for appreciating markets where buyers are paying for future equity growth rather than immediate cash flow savings. The median age of 31 in this zip skews young, meaning higher turnover and more inventory cycling through the market - good for buyers who want options.

School Districts Serving 85007

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