How much is a home worth in ZIP code 85034?

The typical home in 85034 is worth $285,186, based on the Zillow Home Value Index.

Are home values rising in 85034?

Home values in 85034 are up 3.2% over the past year, and up 4.1% a year over five years.

What is the typical rent in 85034?

A typical home in 85034 rents for about $1,339 a month, a gross rental yield of 5.6%.

What is the property tax rate in 85034?

The effective property tax rate in 85034 is 0.5% — roughly $1,492 a year on a typical home.

ZIP code 85034 has a population of 4,854 and a median household income of $63,559.

HousingHandbookReference data

…

U.S. ZIP Code · AZ85034

Maricopa County · Phoenix-Mesa-Chandler, AZ

Typical home value

$285,186^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.2%
5-year / yr: +4.1%
10-year / yr: +10.5%

Relative price

vs U.S.: ≈ U.S. median
vs metro: -36.1%
vs state: -26.7%

Price history

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

The typical home in 85034 is worth $285,186 — 36.1% below the Phoenix-Mesa-Chandler, AZ median. Over the past year, values have risen 3.2%. Homes here rent for a typical $1,339 a month — a 5.6% 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: $1,339^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.4%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $1,492^[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: 4,854^[3]
Median household income: $63,559^[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: 7
Elementary: 4
Middle: 0
High: 1

Silvestre S Herrera School
Elementary · Grades PK–8 · Phoenix Elementary District (4256)
475 students
Gateway Early College High School
High · Grades 9–12 · Maricopa County Community College District dba Gat (4314)
344 students
Great Hearts Online - Arizona
Other · Grades K–12 · Archway Classical Academy Trivium West (1001937)
251 students
Children First Leadership Academy
Elementary · Grades K–8 · Edkey Inc. - Sequoia Ranch School (81052)
121 students
ASU Preparatory Academy Pilgrim Rest STEM K-5 School
Elementary · Grades PK–6 · ASU Preparatory Academy (89949)
98 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 yield5.6%

Net yield (after ~40% expenses)3.4%

Annual rent$16,069

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$1,442

Loan principal$228,149

Down payment$57,037

Total interest paid$290,991

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 ratio1.35

Monthly cost to own$1,803

Monthly rent$1,339

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: 42nd percentile^[1]
Rental yield: 76th percentile^[2]
Property tax: 79th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

1st for best 10-year appreciation in AZView list →

Frequently asked

How much is a home worth in ZIP code 85034?: The typical home in 85034 is worth $285,186, based on the Zillow Home Value Index.
Are home values rising in 85034?: Home values in 85034 are up 3.2% over the past year, and up 4.1% a year over five years.
What is the typical rent in 85034?: A typical home in 85034 rents for about $1,339 a month, a gross rental yield of 5.6%.
What is the property tax rate in 85034?: The effective property tax rate in 85034 is 0.5% — roughly $1,492 a year on a typical home.
Who lives in 85034?: ZIP code 85034 has a population of 4,854 and a median household income of $63,559.

#Comparable ZIPs

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

85009 vs 85034 →
Phoenix, AZ
Typical home
$280,638
Gross yield
5.1%
85145 vs 85034 →
Red Rock CDP, AZ
Typical home
$291,261
Gross yield
—
85351
Sun City CDP, AZ
Typical home
$277,098
Gross yield
7.3%
85131
Eloy, AZ
Typical home
$293,299
Gross yield
8.0%
85128
Coolidge, AZ
Typical home
$269,545
Gross yield
7.1%
85017
Phoenix, AZ
Typical home
$302,477
Gross yield
5.1%

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Pit ZIP 85034 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · AZ85034

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