HousingHandbookReference data

U.S. ZIP Code · AZ85648

Santa Cruz County

Typical home value

$273,656[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.5%
5-year / yr
+5.7%
10-year / yr
+7.6%

Relative price

vs U.S.
-3.7%
vs metro
vs state
-29.7%
ZIP 85648 location in AZ
Location of ZIP 85648 in AZ

Price history

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

The typical home in 85648 is worth $273,656. Over the past year, values have risen 1.5%. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.6%[3]
Typical annual tax
$1,697[3]

#Climate risk

FEMA National Risk Index ratings for Santa Cruz County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Relatively High
Drought
Relatively Low
Heat wave
Relatively High
Hurricane
Very Low
Tornado
Very Low
Earthquake
Very Low
Winter weather
Very Low

#Who lives here

Population
22,118[3]
Median household income
$61,519[3]

#Migration

Household moves in and out of Santa Cruz County over a year, from IRS tax-return data.

Net migration
-156[5]
Moved in
990
Moved out
1,146

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
6
Elementary
3
Middle
1
High
1
  • Rio Rico High School

    High · Grades 9–12 · Santa Cruz Valley Unified District (4458)

    1,403 students

  • Calabasas School

    Elementary · Grades PK–8 · Santa Cruz Valley Unified District (4458)

    982 students

  • Coatimundi Middle School

    Middle · Grades 6–8 · Santa Cruz Valley Unified District (4458)

    446 students

  • San Cayetano Elementary School

    Elementary · Grades K–5 · Santa Cruz Valley Unified District (4458)

    404 students

  • Mountain View School

    Elementary · Grades K–5 · Santa Cruz Valley Unified District (4458)

    386 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.

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$1,384
Loan principal$218,924
Down payment$54,731
Total interest paid$279,226

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.

Own : rent ratio
Monthly cost to own$1,753
Monthly rent

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
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 85648?
The typical home in 85648 is worth $273,656, based on the Zillow Home Value Index.
Are home values rising in 85648?
Home values in 85648 are up 1.5% over the past year, and up 5.7% a year over five years.
What is the property tax rate in 85648?
The effective property tax rate in 85648 is 0.6% — roughly $1,697 a year on a typical home.
Who lives in 85648?
ZIP code 85648 has a population of 22,118 and a median household income of $61,519.

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