How much is a home worth in ZIP code 85345?

The typical home in 85345 is worth $366,674, based on the Zillow Home Value Index.

Are home values rising in 85345?

Home values in 85345 are down 2.5% over the past year, and up 4.5% a year over five years.

What is the typical rent in 85345?

A typical home in 85345 rents for about $1,795 a month, a gross rental yield of 5.9%.

What is the property tax rate in 85345?

The effective property tax rate in 85345 is 0.4% — roughly $1,570 a year on a typical home.

ZIP code 85345 has a population of 60,918 and a median household income of $67,380.

HousingHandbookReference data

…

U.S. ZIP Code · AZ85345

Maricopa County · Phoenix-Mesa-Chandler, AZ

Typical home value

$366,674^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.5%
5-year / yr: +4.5%
10-year / yr: +7.9%

Relative price

vs U.S.: +29.1%
vs metro: -17.8%
vs state: -5.8%

Price history

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

The typical home in 85345 is worth $366,674 — 17.8% below the Phoenix-Mesa-Chandler, AZ median. Over the past year, values have fallen 2.5%. Homes here rent for a typical $1,795 a month — a 5.9% 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: $1,795^[2]
Gross yield: 5.9%^[2]
Cap rate: 3.5%^[2]

#Property tax

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

Effective tax rate: 0.4%^[3]
Typical annual tax: $1,570^[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: 60,918^[3]
Median household income: $67,380^[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: 16
Elementary: 11
Middle: 0
High: 5

Peoria High School
High · Grades 7–12 · Peoria Unified School District (4237)
1,573 students
Country Meadows Elementary School
Elementary · Grades PK–8 · Peoria Unified School District (4237)
978 students
Academy of Math and Science Peoria Advanced
Elementary · Grades K–8 · Academy of Mathematics and Science South Inc. (90878)
871 students
Cotton Boll School
Elementary · Grades PK–8 · Peoria Unified School District (4237)
785 students
Sun Valley Elementary School
Elementary · Grades PK–8 · Peoria Unified School District (4237)
754 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 yield5.9%

Net yield (after ~40% expenses)3.5%

Annual rent$21,536

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$1,854

Loan principal$293,339

Down payment$73,335

Total interest paid$374,138

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 ratio1.28

Monthly cost to own$2,291

Monthly rent$1,795

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: 66th percentile^[1]
Rental yield: 82nd percentile^[2]
Property tax: 40th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 85345?: The typical home in 85345 is worth $366,674, based on the Zillow Home Value Index.
Are home values rising in 85345?: Home values in 85345 are down 2.5% over the past year, and up 4.5% a year over five years.
What is the typical rent in 85345?: A typical home in 85345 rents for about $1,795 a month, a gross rental yield of 5.9%.
What is the property tax rate in 85345?: The effective property tax rate in 85345 is 0.4% — roughly $1,570 a year on a typical home.
Who lives in 85345?: ZIP code 85345 has a population of 60,918 and a median household income of $67,380.

#Comparable ZIPs

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

85373 vs 85345 →
Sun City CDP, AZ
Typical home
$366,243
Gross yield
—
85041 vs 85345 →
Phoenix, AZ
Typical home
$368,671
Gross yield
7.2%
85210
Mesa, AZ
Typical home
$364,323
Gross yield
4.7%
85043
Phoenix, AZ
Typical home
$370,921
Gross yield
6.4%
85194
Casa Grande, AZ
Typical home
$361,183
Gross yield
6.8%
85201
Mesa, AZ
Typical home
$360,991
Gross yield
4.6%

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#Jump to section

U.S. ZIP Code · AZ85345

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