How much is a home worth in ZIP code 85296?

The typical home in 85296 is worth $550,786, based on the Zillow Home Value Index.

Are home values rising in 85296?

Home values in 85296 are down 1.5% over the past year, and up 4.4% a year over five years.

What is the typical rent in 85296?

A typical home in 85296 rents for about $2,080 a month, a gross rental yield of 4.5%.

What is the property tax rate in 85296?

The effective property tax rate in 85296 is 0.4% — roughly $2,316 a year on a typical home.

ZIP code 85296 has a population of 53,076 and a median household income of $118,982.

HousingHandbookReference data

…

U.S. ZIP Code · AZ85296

Maricopa County · Phoenix-Mesa-Chandler, AZ

Typical home value

$550,786^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.5%
5-year / yr: +4.4%
10-year / yr: +6.9%

Relative price

vs U.S.: +93.9%
vs metro: +23.5%
vs state: +41.6%

Price history

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

The typical home in 85296 is worth $550,786 — 23.5% above the Phoenix-Mesa-Chandler, AZ median. Over the past year, values have fallen 1.5%. Homes here rent for a typical $2,080 a month — a 4.5% gross rental yield. The effective property tax rate is 0.4%.

#Rent & investment

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

Monthly rent: $2,080^[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: 0.4%^[3]
Typical annual tax: $2,316^[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: 53,076^[3]
Median household income: $118,982^[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: 13
Elementary: 5
Middle: 2
High: 2

American Leadership Academy Gilbert North K-12
Other · Grades K–12 · American Leadership Academy Inc. (4348)
2,431 students
Greenfield Junior High School
Middle · Grades 6–8 · Gilbert Unified District (4239)
1,195 students
Cooley Middle School
Middle · Grades 6–8 · Higley Unified School District (4248)
850 students
Finley Farms Elementary
Elementary · Grades PK–6 · Gilbert Unified District (4239)
630 students
Benjamin Franklin Charter School - Gilbert
Elementary · Grades K–6 · Benjamin Franklin Charter School - Queen Creek (4355)
628 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$24,959

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$2,785

Loan principal$440,629

Down payment$110,157

Total interest paid$561,998

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 ratio1.65

Monthly cost to own$3,437

Monthly rent$2,080

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: 56th percentile^[1]
Rental yield: 42nd percentile^[2]
Property tax: 34th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 85296?: The typical home in 85296 is worth $550,786, based on the Zillow Home Value Index.
Are home values rising in 85296?: Home values in 85296 are down 1.5% over the past year, and up 4.4% a year over five years.
What is the typical rent in 85296?: A typical home in 85296 rents for about $2,080 a month, a gross rental yield of 4.5%.
What is the property tax rate in 85296?: The effective property tax rate in 85296 is 0.4% — roughly $2,316 a year on a typical home.
Who lives in 85296?: ZIP code 85296 has a population of 53,076 and a median household income of $118,982.

#Comparable ZIPs

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

85395 vs 85296 →
Goodyear, AZ
Typical home
$550,788
Gross yield
4.0%
85295 vs 85296 →
Gilbert, AZ
Typical home
$548,066
Gross yield
4.2%
85207
Mesa, AZ
Typical home
$554,285
Gross yield
4.8%
85234
Gilbert, AZ
Typical home
$557,050
Gross yield
4.0%
85257
Scottsdale, AZ
Typical home
$558,555
Gross yield
4.2%
85213
Mesa, AZ
Typical home
$558,765
Gross yield
3.3%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 85296 against any other ZIP — full side-by-side table.

Compare 85296 →

#Jump to section

U.S. ZIP Code · AZ85296

Get more data on ZIPs like this

Get more data on ZIPs like this