Median home value in zip code 85040 (Phoenix, AZ) is $320K, down 5.0% year over year. Part of the Phoenix-Mesa-Chandler, AZ metropolitan area.

Full stress scores, AI analysis, and 12-month forecast: Phoenix-Mesa-Chandler, AZ metro →

Home Value$319,663

YoY Change

-5.0%

AFFORDABILITY

Enter your income for 85040 (Phoenix).

Income (annual)

Down Payment

$63,933 on $319,663

Stretch — 30.8% of income

Above 28% but manageable with cuts.

PITI$1,924

P/I30.8%

Afford$291K

Gap-$29K

P&I $1,616Tax $157Ins $150

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

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

Metro Analysis

85040 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.

View Phoenix-Mesa-Chandler, AZ analysis

Want deeper metro-level analysis?Stress scores, crash risk, 12-month forecasts, and early warning signals for 195 US metros.

Try Free