How much is a home worth in ZIP code 85012?

The typical home in 85012 is worth $652,432, based on the Zillow Home Value Index.

Are home values rising in 85012?

Home values in 85012 are up 1.3% over the past year, and up 5.3% a year over five years.

What is the typical rent in 85012?

A typical home in 85012 rents for about $1,580 a month, a gross rental yield of 2.9%.

What is the property tax rate in 85012?

The effective property tax rate in 85012 is 0.5% — roughly $3,433 a year on a typical home.

ZIP code 85012 has a population of 8,704 and a median household income of $86,620.

HousingHandbookReference data

…

U.S. ZIP Code · AZ85012

Maricopa County · Phoenix-Mesa-Chandler, AZ

Typical home value

$652,432^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.3%
5-year / yr: +5.3%
10-year / yr: +6.3%

Relative price

vs U.S.: +129.7%
vs metro: +46.3%
vs state: +67.7%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 85012 is worth $652,432 — 46.3% above the Phoenix-Mesa-Chandler, AZ median. Over the past year, values have risen 1.3%. Homes here rent for a typical $1,580 a month — a 2.9% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,580^[2]
Gross yield: 2.9%^[2]
Cap rate: 1.7%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.5%^[3]
Typical annual tax: $3,433^[3]

#Climate risk

FEMA National Risk Index ratings for Maricopa County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Very High^[4]
Riverine flood: Very High
Coastal flood: Not Applicable
Wildfire: Relatively High
Drought: Relatively High
Heat wave: Very High
Hurricane: Very Low
Tornado: Relatively Moderate
Earthquake: Relatively Moderate
Winter weather: Relatively Low

#Who lives here

Population: 8,704^[3]
Median household income: $86,620^[3]

#Migration

Household moves in and out of Maricopa County over a year, from IRS tax-return data.

Net migration: +5,261^[5]
Moved in: 91,952
Moved out: 86,691

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 1
Middle: 0
High: 3

Central High School
High · Grades 9–12 · Phoenix Union High School District (4286)
1,758 students
BASIS Phoenix Central Primary
Other · Grades K–12 · BASIS Charter Schools Inc. (92349)
335 students
Phoenix Coding Academy
High · Grades 9–12 · Phoenix Union High School District (4286)
236 students
Phoenix Modern
Elementary · Grades K–8 · New Learning Ventures Inc. (320470)
119 students
PXU City
High · Grades 9–12 · Phoenix Union High School District (4286)
57 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield2.9%

Net yield (after ~40% expenses)1.7%

Annual rent$18,955

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,299

Loan principal$521,945

Down payment$130,486

Total interest paid$665,713

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio2.62

Monthly cost to own$4,131

Monthly rent$1,580

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 85th percentile^[1]
Rental yield: 3rd percentile^[2]
Property tax: 79th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 85012?: The typical home in 85012 is worth $652,432, based on the Zillow Home Value Index.
Are home values rising in 85012?: Home values in 85012 are up 1.3% over the past year, and up 5.3% a year over five years.
What is the typical rent in 85012?: A typical home in 85012 rents for about $1,580 a month, a gross rental yield of 2.9%.
What is the property tax rate in 85012?: The effective property tax rate in 85012 is 0.5% — roughly $3,433 a year on a typical home.
Who lives in 85012?: ZIP code 85012 has a population of 8,704 and a median household income of $86,620.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

85085 vs 85012 →
Phoenix, AZ
Typical home
$643,751
Gross yield
3.3%
85383 vs 85012 →
Peoria, AZ
Typical home
$642,628
Gross yield
4.4%
85045
Phoenix, AZ
Typical home
$669,106
Gross yield
4.9%
85087
New River CDP, AZ
Typical home
$633,133
Gross yield
—
85268
Fountain Hills, AZ
Typical home
$674,010
Gross yield
4.1%
85083
Phoenix, AZ
Typical home
$628,644
Gross yield
5.2%

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Pit ZIP 85012 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · AZ85012

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