How much is a home worth in ZIP code 85085?

The typical home in 85085 is worth $643,751, based on the Zillow Home Value Index.

Are home values rising in 85085?

Home values in 85085 are down 1.3% over the past year, and up 5.3% a year over five years.

What is the typical rent in 85085?

A typical home in 85085 rents for about $1,782 a month, a gross rental yield of 3.3%.

What is the property tax rate in 85085?

The effective property tax rate in 85085 is 0.5% — roughly $3,030 a year on a typical home.

ZIP code 85085 has a population of 31,458 and a median household income of $128,984.

HousingHandbookReference data

…

U.S. ZIP Code · AZ85085

Maricopa County · Phoenix-Mesa-Chandler, AZ

Typical home value

$643,751^[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.: +126.6%
vs metro: +44.3%
vs state: +65.4%

Price history

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

The typical home in 85085 is worth $643,751 — 44.3% above the Phoenix-Mesa-Chandler, AZ median. Over the past year, values have fallen 1.3%. Homes here rent for a typical $1,782 a month — a 3.3% 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: $1,782^[2]
Gross yield: 3.3%^[2]
Cap rate: 2.0%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $3,030^[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: 31,458^[3]
Median household income: $128,984^[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: 3
Middle: 1
High: 0

Ridgeline Academy Inc.
Other · Grades K–12 · Ridgeline Academy Inc. (4301)
1,019 students
Sonoran Foothills School
Elementary · Grades PK–8 · Deer Valley Unified District (4246)
935 students
Sonoran Trails Middle School
Middle · Grades 6–8 · Cave Creek Unified District (4244)
639 students
Norterra Canyon School
Elementary · Grades PK–8 · Deer Valley Unified District (4246)
595 students
Horseshoe Trails Elementary School
Elementary · Grades PK–6 · Cave Creek Unified District (4244)
416 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 yield3.3%

Net yield (after ~40% expenses)2.0%

Annual rent$21,388

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$3,255

Loan principal$515,001

Down payment$128,750

Total interest paid$656,855

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 ratio2.27

Monthly cost to own$4,044

Monthly rent$1,782

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: 86th percentile^[1]
Rental yield: 6th percentile^[2]
Property tax: 56th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 85085?: The typical home in 85085 is worth $643,751, based on the Zillow Home Value Index.
Are home values rising in 85085?: Home values in 85085 are down 1.3% over the past year, and up 5.3% a year over five years.
What is the typical rent in 85085?: A typical home in 85085 rents for about $1,782 a month, a gross rental yield of 3.3%.
What is the property tax rate in 85085?: The effective property tax rate in 85085 is 0.5% — roughly $3,030 a year on a typical home.
Who lives in 85085?: ZIP code 85085 has a population of 31,458 and a median household income of $128,984.

#Comparable ZIPs

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

85383 vs 85085 →
Peoria, AZ
Typical home
$642,628
Gross yield
4.4%
85012 vs 85085 →
Phoenix, AZ
Typical home
$652,432
Gross yield
2.9%
85087
New River CDP, AZ
Typical home
$633,133
Gross yield
—
85083
Phoenix, AZ
Typical home
$628,644
Gross yield
5.2%
85050
Phoenix, AZ
Typical home
$628,321
Gross yield
4.8%
85086
Phoenix, AZ
Typical home
$625,961
Gross yield
4.2%

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Pit ZIP 85085 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · AZ85085

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