Median home value in zip code 85016 (Phoenix, AZ) is $523,896, down 0.4% year over year. Part of the Phoenix-Mesa-Chandler, AZ metropolitan area.

Home Value$523,896

YoY Change

-0.4%

Prices falling — better for buyers.

Affordability

Enter your income for 85016 (Phoenix).

Income (annual)

Down Payment

$104,779 on $523,896

Example: $75,000 household income. Change it above to see your own.

Out of reach48.9% of income

Need $131,014/yr to afford.

PITI$3,057

P/I48.9%

Afford$300K

Gap-$224K

P&I $2,649Tax $258Ins $150

6.50% 30yr, 20% down, county tax + AZ ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

85016 is part of the Phoenix-Mesa-Chandler, AZ metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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