How much is a home worth in ZIP code 85388?

The typical home in 85388 is worth $449,590, based on the Zillow Home Value Index.

Are home values rising in 85388?

Home values in 85388 are down 2.1% over the past year, and up 3.7% a year over five years.

What is the typical rent in 85388?

A typical home in 85388 rents for about $2,247 a month, a gross rental yield of 6.0%.

What is the property tax rate in 85388?

The effective property tax rate in 85388 is 0.4% — roughly $1,719 a year on a typical home.

ZIP code 85388 has a population of 35,369 and a median household income of $112,164.

HousingHandbookReference data

…

U.S. ZIP Code · AZ85388

Maricopa County · Phoenix-Mesa-Chandler, AZ

Typical home value

$449,590^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.1%
5-year / yr: +3.7%
10-year / yr: +6.6%

Relative price

vs U.S.: +58.3%
vs metro: ≈ metro median
vs state: +15.5%

Price history

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

The typical home in 85388 is worth $449,590. Over the past year, values have fallen 2.1%. Homes here rent for a typical $2,247 a month — a 6.0% 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: $2,247^[2]
Gross yield: 6.0%^[2]
Cap rate: 3.6%^[2]

#Property tax

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

Effective tax rate: 0.4%^[3]
Typical annual tax: $1,719^[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: 35,369^[3]
Median household income: $112,164^[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: 5
Middle: 0
High: 7

Shadow Ridge High School
High · Grades 7–12 · Dysart Unified District (4243)
2,339 students
Willow Canyon High School
High · Grades 7–12 · Dysart Unified District (4243)
1,819 students
Legacy Traditional School - West Surprise
Elementary · Grades K–8 · Legacy Traditional School - West Surprise (1000560)
1,215 students
Canyon Ridge School
Elementary · Grades PK–8 · Dysart Unified District (4243)
985 students
Paradise Honors High School
High · Grades 9–12 · Paragon Management Inc. (5180)
985 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 yield6.0%

Net yield (after ~40% expenses)3.6%

Annual rent$26,964

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$2,273

Loan principal$359,672

Down payment$89,918

Total interest paid$458,742

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 ratio1.24

Monthly cost to own$2,790

Monthly rent$2,247

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: 20th percentile^[1]
Rental yield: 88th percentile^[2]
Property tax: 16th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 85388?: The typical home in 85388 is worth $449,590, based on the Zillow Home Value Index.
Are home values rising in 85388?: Home values in 85388 are down 2.1% over the past year, and up 3.7% a year over five years.
What is the typical rent in 85388?: A typical home in 85388 rents for about $2,247 a month, a gross rental yield of 6.0%.
What is the property tax rate in 85388?: The effective property tax rate in 85388 is 0.4% — roughly $1,719 a year on a typical home.
Who lives in 85388?: ZIP code 85388 has a population of 35,369 and a median household income of $112,164.

#Comparable ZIPs

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

85225 vs 85388 →
Chandler, AZ
Typical home
$448,865
Gross yield
4.7%
85203 vs 85388 →
Mesa, AZ
Typical home
$451,578
Gross yield
3.6%
85014
Phoenix, AZ
Typical home
$452,623
Gross yield
3.9%
85209
Mesa, AZ
Typical home
$445,979
Gross yield
5.2%
85339
Phoenix, AZ
Typical home
$445,318
Gross yield
5.9%
85283
Tempe, AZ
Typical home
$454,091
Gross yield
4.1%

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

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Pit ZIP 85388 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · AZ85388

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