The story of this market
The typical home in ZIP 85006 sells for about $499,000, or $310 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 59 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 85006 — Phoenix
The 85006 housing market shows steady demand driven by its central location and relative affordability compared to newer suburban areas. While inventory remains tight, the market is balanced by consistent sales activity and moderate price appreciation. Data for specific metrics like months of supply and price cut percentages are based on current market reports for the ZIP code.
This ZIP is ideal for urban-focused professionals, commuters, and investors seeking proximity to downtown Phoenix's employment and cultural hubs.
Median prices moved up 4.2% year over year.
Homes spend a median of 59 days on market with 4.5 months of supply — a balanced-paced market.
28% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.5% · poverty 18.5% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 11.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 85006, Maricopa County AZ
Crime rates in the 85006 area are higher than the national average, consistent with its central urban location in Phoenix.
School quality varies significantly, with some charter options performing well while many district-run schools maintain lower ratings.
The area faces typical urban heat island effects and occasional monsoon-related wind and storm risks; flood risk is generally low.
The area benefits from proximity to downtown Phoenix's economic core, with ongoing infill development and revitalization efforts.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Arizona) — Senior Property Valuation Protection Option (Senior Freeze): Provides a 'freeze' on the valuation of the property for tax purposes, limiting the growth of the property tax burden for eligible seniors. State (Arizona) — Arizona Property Tax Assessment: The tax is calculated by applying an assessment ratio to the property's Limited Property Value (LPV). For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Arizona Property Tax Assessment: Property tax is calculated using the formula: (Full Cash Value or Limited Property Value) x Assessment Ratio = Net Assessed Value. The Net Assessed Value is then multiplied by the local tax rate. For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Delinquent Property Tax Lien Sale and 3-Year Redemption Foreclosure: The county treasurer sells a tax lien certificate via public auction to the investor bidding the lowest annual rate of interest (ranging from 16% down to 0% per annum under A.R.S. § 42-18114). State (Arizona) — Statutory Residential Homestead Exemption: Exempts up to $400,000 of equity in an owner-occupied primary dwelling from attachment, execution, and forced sale arising from unsecured civil judgment liens.
Residents enjoy excellent access to downtown Phoenix via major surface streets and proximity to I-10 and I-17 corridors.
The area features several local parks and is within short driving distance of the Phoenix Art Museum and the Heard Museum.
The rental market is highly active with significant demand for multi-family units, though vacancy pressure remains moderate due to new supply.
The economy is anchored by government, healthcare, and education sectors in downtown Phoenix, with a growing tech and startup presence.
The area is well-served by Valley Metro bus routes and is in close proximity to the light rail system.
Development is focused on high-density residential projects and adaptive reuse of historic structures.
The Maricopa County Assessor determines property values based on market data and statutory requirements.
Parcels are subject to Phoenix Union High School District and various municipal utility service districts.
Property insurance premiums are influenced by regional wildfire and storm risk factors common to the Phoenix metro area.
Data retrieved from data.census.gov ZCTA 85006 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Great Wolf Lodge | Arizona4.210.9 mi
- Arizona Grand Resort & Spa4.37.9 mi
- Castles N' Coasters4.38.4 mi
- Hurricane Harbor Phoenix3.617 mi
- Golfland Sunsplash4.213.5 mi
- State Farm Stadium4.612.8 mi
- Desert Botanical Garden4.86.3 mi
- Chase Field4.61.5 mi
- Mortgage Matchup Center4.61.6 mi
- Casino Arizona4.19.7 mi
- Desert Botanical Garden4.86.3 mi
- Phoenix Zoo4.56.2 mi
- Casino Arizona4.19.7 mi
- OdySea Aquarium4.511.9 mi
- Great Wolf Lodge | Arizona4.210.9 mi
- Desert Botanical Garden4.86.3 mi
- Hole in the Rock4.76.3 mi
- Musical Instrument Museum4.914.8 mi
- McCormick-Stillman Railroad Park4.89.1 mi
- Phoenix Art Museum4.71.1 mi
- Desert Botanical Garden4.86.3 mi
- Papago Park4.76.1 mi
- Hole in the Rock4.76.3 mi
- McCormick-Stillman Railroad Park4.89.1 mi
- Dobbins Lookout4.88.2 mi
- Encanto Park4.62.2 mi
- Arizona Grand Resort & Spa4.37.9 mi
- Topgolf Scottsdale4.511.5 mi
- Papago Golf Club4.35.4 mi
- Dobson Ranch Golf Course4.611.8 mi
- Grass Clippings Rolling Hills4.26.2 mi
- Arizona Mills4.47.6 mi
- Scottsdale Fashion Square4.67.7 mi
- Tempe Marketplace4.69 mi
- Desert Sky Mall49.9 mi
- Phoenix Sky Harbor International Airport4.33.2 mi
- Mesa Gateway Airport4.425.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
World-renowned museum dedicated to American Indian art.
The largest art museum in the Southwestern United States.
A major urban park hosting community events and festivals.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.