Median home value in zip code 85023 (Phoenix, AZ) is $416,451, down 3.0% year over year. Part of the Phoenix-Mesa-Chandler, AZ metropolitan area.

Home Value$416,451

YoY Change

-3.0%

Prices falling — better for buyers.

Affordability

Enter your income for 85023 (Phoenix).

Income (annual)

Down Payment

$83,290 on $416,451

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

Out of reach39.4% of income

Need $105,471/yr to afford.

PITI$2,461

P/I39.4%

Afford$296K

Gap-$120K

P&I $2,106Tax $205Ins $150

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

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

Metro Analysis

85023 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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