Living in 85087 - Phoenix, Arizona

The Complete Guide to 85087 - Phoenix, AZ

The 85087 zip code covers the New River and Desert Hills areas in the far north reaches of Phoenix and unincorporated Maricopa County. This is true desert living with homes on acre-plus lots, horse property, and wide-open views of the Sonoran landscape. The Carefree Highway runs through, and you are close to both Lake Pleasant and the Cave Creek area. The housing is a mix of custom-built homes, manufactured homes on acreage, and some newer developments. This is where people come when they want land, privacy, and room for horses or toys. The commute to central Phoenix can be 40 minutes or more, but for the lifestyle you get, many consider it worth every mile.

The 85087 zip code falls within Phoenix in Maricopa County, covering a population of approximately 15,000 residents. The median age of 40 suggests a balanced mix of families, working professionals, and established residents who have chosen to put down roots.

Housing in 85087 spans a median home price of $550K, with median rental rates sitting at $1,500 per month. These rent levels place the area on the higher end of the Phoenix market, consistent with the quality of housing stock and community amenities available. School-age families in 85087 are primarily served by Deer Valley Unified School District (rated B+), which provide solid educational foundations with a range of program options.

Real Estate Market in 85087

ZIP 85087 carries a $550K median, above Phoenix's $484K city median - meaning you are paying a location premium for this specific pocket. ZIP-level pace data is not published at this granularity; the city and county pages carry the latest verified pace figures for the broader market.

The rent-versus-buy math in 85087 is worth examining. At $1,500 monthly rent and a 3.3% annual rent-to-price ratio, an illustrative mortgage payment of roughly $2,781/month (principal and interest, assuming 20% down at a 6.5% 30-year fixed rate) 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 40 in this zip suggests a stable mix of household types that keeps demand consistent across market cycles.

School Districts Serving 85087

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