How much is a home worth in ZIP code 85297?

The typical home in 85297 is worth $594,334, based on the Zillow Home Value Index.

Are home values rising in 85297?

Home values in 85297 are down 1.5% over the past year, and up 4.7% a year over five years.

What is the typical rent in 85297?

A typical home in 85297 rents for about $2,133 a month, a gross rental yield of 4.3%.

What is the property tax rate in 85297?

The effective property tax rate in 85297 is 0.4% — roughly $2,432 a year on a typical home.

ZIP code 85297 has a population of 37,475 and a median household income of $130,755.

HousingHandbookReference data

…

U.S. ZIP Code · AZ85297

Maricopa County · Phoenix-Mesa-Chandler, AZ

Typical home value

$594,334^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.5%
5-year / yr: +4.7%
10-year / yr: +6.9%

Relative price

vs U.S.: +109.2%
vs metro: +33.3%
vs state: +52.7%

Price history

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

The typical home in 85297 is worth $594,334 — 33.3% above the Phoenix-Mesa-Chandler, AZ median. Over the past year, values have fallen 1.5%. Homes here rent for a typical $2,133 a month — a 4.3% 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: $2,133^[2]
Gross yield: 4.3%^[2]
Cap rate: 2.6%^[2]

#Property tax

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

Effective tax rate: 0.4%^[3]
Typical annual tax: $2,432^[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: 37,475^[3]
Median household income: $130,755^[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: 12
Elementary: 7
Middle: 0
High: 4

Perry High School
High · Grades 8–12 · Chandler Unified District #80 (4242)
2,601 students
Arizona Connections Academy
Other · Grades K–12 · Arizona Connections Academy Charter School Inc. (87407)
1,987 students
Campo Verde High School
High · Grades 8–12 · Gilbert Unified District (4239)
1,925 students
San Tan Elementary
Elementary · Grades PK–6 · Higley Unified School District (4248)
896 students
Centennial Elementary School
Elementary · Grades PK–8 · Higley Unified School District (4248)
622 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 yield4.3%

Net yield (after ~40% expenses)2.6%

Annual rent$25,597

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$3,005

Loan principal$475,467

Down payment$118,867

Total interest paid$606,432

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 ratio1.74

Monthly cost to own$3,704

Monthly rent$2,133

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: 70th percentile^[1]
Rental yield: 33rd percentile^[2]
Property tax: 30th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 85297?: The typical home in 85297 is worth $594,334, based on the Zillow Home Value Index.
Are home values rising in 85297?: Home values in 85297 are down 1.5% over the past year, and up 4.7% a year over five years.
What is the typical rent in 85297?: A typical home in 85297 rents for about $2,133 a month, a gross rental yield of 4.3%.
What is the property tax rate in 85297?: The effective property tax rate in 85297 is 0.4% — roughly $2,432 a year on a typical home.
Who lives in 85297?: ZIP code 85297 has a population of 37,475 and a median household income of $130,755.

#Comparable ZIPs

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

85003 vs 85297 →
Phoenix, AZ
Typical home
$588,834
Gross yield
3.4%
85142 vs 85297 →
Queen Creek, AZ
Typical home
$587,366
Gross yield
4.5%
85048
Phoenix, AZ
Typical home
$585,221
Gross yield
4.1%
85286
Chandler, AZ
Typical home
$615,797
Gross yield
4.0%
85250
Scottsdale, AZ
Typical home
$617,659
Gross yield
5.1%
85086
Phoenix, AZ
Typical home
$625,961
Gross yield
4.2%

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Pit ZIP 85297 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · AZ85297

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