Living in 85040 - Phoenix, Arizona

The Complete Guide to 85040 - Phoenix, AZ

The 85040 zip covers a transitional area in south Phoenix, stretching from the I-10 corridor south toward Baseline Road and east toward the 48th Street area. The neighborhood has a mix of industrial zones near the freeway and residential pockets further in. South Mountain Park, the largest municipal park in the country, is accessible from the southern portions. Homes range from modest ranch properties to some newer infill developments. Sky Harbor Airport noise is a factor for some sections. The area is hardworking and practical, with a growing number of small businesses and restaurants. Pricing remains affordable, and the location between downtown, Tempe, and Ahwatukee gives good access to the broader metro.

The 85040 zip code falls within Phoenix in Maricopa County, covering a population of approximately 42,000 residents. The median age of 32 reflects a younger, more transient population base that may include students, young professionals, and young families.

Housing in 85040 spans a median home price of $330K, with median rental rates sitting at $1,200 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 85040 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 85040

ZIP 85040 trades at $330K median and $174 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 85040 is worth examining. At $1,200 monthly rent and a 4.4% 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 32 in this zip skews young, meaning higher turnover and more inventory cycling through the market - good for buyers who want options.

School Districts Serving 85040

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