How much is a home worth in ZIP code 85024?

The typical home in 85024 is worth $490,765, based on the Zillow Home Value Index.

Are home values rising in 85024?

Home values in 85024 are down 1.5% over the past year, and up 4.5% a year over five years.

What is the typical rent in 85024?

A typical home in 85024 rents for about $1,857 a month, a gross rental yield of 4.5%.

What is the property tax rate in 85024?

The effective property tax rate in 85024 is 0.5% — roughly $2,279 a year on a typical home.

ZIP code 85024 has a population of 26,199 and a median household income of $106,724.

HousingHandbookReference data

…

U.S. ZIP Code · AZ85024

Maricopa County · Phoenix-Mesa-Chandler, AZ

Typical home value

$490,765^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.5%
5-year / yr: +4.5%
10-year / yr: +6.6%

Relative price

vs U.S.: +72.8%
vs metro: +10.0%
vs state: +26.1%

Price history

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

The typical home in 85024 is worth $490,765 — 10.0% above the Phoenix-Mesa-Chandler, AZ median. Over the past year, values have fallen 1.5%. Homes here rent for a typical $1,857 a month — a 4.5% 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: $1,857^[2]
Gross yield: 4.5%^[2]
Cap rate: 2.7%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $2,279^[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: 26,199^[3]
Median household income: $106,724^[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: 2
Middle: 1
High: 2

North Canyon High School
High · Grades 8–12 · Paradise Valley Unified District (4241)
1,742 students
Mountain Trail Middle School
Middle · Grades 7–8 · Paradise Valley Unified District (4241)
719 students
Boulder Creek Elementary School
Elementary · Grades PK–6 · Paradise Valley Unified District (4241)
587 students
Eagle Ridge Elementary School
Elementary · Grades PK–6 · Paradise Valley Unified District (4241)
366 students
West-MEC - North Canyon High School
High · Grades 9–12 · West-MEC - Western Maricopa Education Center (80923)
22 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 yield4.5%

Net yield (after ~40% expenses)2.7%

Annual rent$22,284

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$2,482

Loan principal$392,612

Down payment$98,153

Total interest paid$500,755

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 ratio1.66

Monthly cost to own$3,079

Monthly rent$1,857

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: 62nd percentile^[1]
Rental yield: 42nd percentile^[2]
Property tax: 55th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 85024?: The typical home in 85024 is worth $490,765, based on the Zillow Home Value Index.
Are home values rising in 85024?: Home values in 85024 are down 1.5% over the past year, and up 4.5% a year over five years.
What is the typical rent in 85024?: A typical home in 85024 rents for about $1,857 a month, a gross rental yield of 4.5%.
What is the property tax rate in 85024?: The effective property tax rate in 85024 is 0.5% — roughly $2,279 a year on a typical home.
Who lives in 85024?: ZIP code 85024 has a population of 26,199 and a median household income of $106,724.

#Comparable ZIPs

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

85013 vs 85024 →
Phoenix, AZ
Typical home
$493,970
Gross yield
3.7%
85118 vs 85024 →
Gold Canyon CDP, AZ
Typical home
$484,612
Gross yield
4.9%
85355
Citrus Park CDP, AZ
Typical home
$498,355
Gross yield
5.4%
85044
Phoenix, AZ
Typical home
$480,745
Gross yield
3.9%
85320
Aguila CDP, AZ
Typical home
$479,521
Gross yield
—
85226
Chandler, AZ
Typical home
$503,438
Gross yield
4.2%

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Pit ZIP 85024 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · AZ85024

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