The story of this market
The typical home in ZIP 85042 sells for about $406,000, or $311 per square foot.
Prices are down 4.4% from a year ago, which gives buyers more room to negotiate. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,668 a month.
ZIP 85042 — Phoenix
The 85042 housing market is experiencing a cooling phase with home values declining year-over-year. While demand remains balanced, the increase in regional housing supply has exerted downward pressure on prices. Buyers currently face a somewhat competitive environment with moderate time on market.
This ZIP fits family buyers and commuters looking for a quiet residential environment with access to outdoor recreation and established transit links.
Median prices moved down 4.4% year over year.
Homes spend a median of 32 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.6% · poverty 15.9% — a stable, low-distress profile.
Built from 458 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 85042, Maricopa County, AZ
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by various public and private schools that ensure educational needs are addressed.
The area features a mix of residential development with access to major employment hubs in Phoenix and a comprehensive bicycling network.
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.
The area is served by about ten bus lines and a comprehensive bicycling network, providing mobility options toward the Phoenix employment core.
Residents have access to Phoenix South Mountain Park and Circle K Park, with local supermarkets and cafes serving the immediate community.
The rental market shows balanced demand with a median monthly rent of $1,700.
The area benefits from the broader Phoenix economy, which is supported by a diverse mix of industries including technology, healthcare, and manufacturing.
The area is integrated into the Phoenix transit network with multiple bus lines and highway access.
Data retrieved from Census Reporter ZCTA 85042 profile.
- Great Wolf Lodge | Arizona4.214.3 mi
- Arizona Grand Resort & Spa4.33.8 mi
- Castles N' Coasters4.314.4 mi
- Andretti Indoor Karting and Games Chandler4.314.7 mi
- Golfland Sunsplash4.211.5 mi
- State Farm Stadium4.616.7 mi
- Desert Botanical Garden4.87.9 mi
- Chase Field4.65.1 mi
- Mortgage Matchup Center4.65.2 mi
- Casino Arizona4.110.2 mi
- Desert Botanical Garden4.87.9 mi
- Phoenix Zoo4.57.2 mi
- Casino Arizona4.110.2 mi
- Hole in the Rock4.77.6 mi
- Dobbins Lookout4.82.5 mi
- Desert Botanical Garden4.87.9 mi
- Hole in the Rock4.77.6 mi
- McCormick-Stillman Railroad Park4.812.9 mi
- Phoenix Art Museum4.76.6 mi
- Japanese Friendship Garden of Phoenix4.46.3 mi
- Desert Botanical Garden4.87.9 mi
- Papago Park4.77.3 mi
- Hole in the Rock4.77.6 mi
- Dobbins Lookout4.82.5 mi
- McCormick-Stillman Railroad Park4.812.9 mi
- Arizona Grand Resort & Spa4.33.8 mi
- Papago Golf Club4.37.3 mi
- Dobson Ranch Golf Course4.69.1 mi
- Grass Clippings Rolling Hills4.26.9 mi
- Raven Golf Club4.61.8 mi
- Arizona Mills4.44.1 mi
- Scottsdale Fashion Square4.610.7 mi
- Chandler Fashion Center4.59.5 mi
- Tempe Marketplace4.68.7 mi
- Phoenix Premium Outlets4.57.1 mi
- Phoenix Sky Harbor International Airport4.34.3 mi
- Mesa Gateway Airport4.422.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large municipal park providing extensive green space and trails.
Local community park serving the neighborhood.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.