The story of this market
The typical home in ZIP 85053 sells for about $365,000, or $255 per square foot.
Prices are down 5.5% from a year ago, which gives buyers more room to negotiate. Homes take about 336 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,318 a month.
ZIP 85053 — Phoenix
The 85053 housing market is currently experiencing a cooling phase with a median sale price of $365,000 and a high median days on market of 336 days. Inventory remains tight, but buyer demand has softened, leading to a slight year-over-year price decline. The market is characterized by stable, long-term residential interest rather than speculative investment.
This ZIP is well-suited for family buyers and commuters seeking established, mid-range housing with convenient access to major Phoenix transportation arteries.
Median prices moved down 5.5% year over year.
Homes spend a median of 336 days on market with 0.9 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 4.2% · poverty 11.0% — a stable, low-distress 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 8.0%/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 8.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 85053, Maricopa County AZ
Crime trends in the area are generally consistent with broader Phoenix suburban patterns, with property crime being the primary concern. Residents typically experience moderate safety levels compared to the urban core.
Schools serving the area are part of the Washington Elementary and Glendale Union High School districts, generally receiving average performance ratings.
The area faces standard desert climate risks, primarily extreme heat and occasional monsoon-related wind or flash flooding, with standard insurance requirements for residential properties.
Economic momentum is driven by proximity to major Phoenix employment corridors and established residential infrastructure, with limited new large-scale land development.
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.
Commuters benefit from proximity to the I-17 freeway, providing direct access to downtown Phoenix and the northern employment hubs.
The area features local neighborhood parks and is within short driving distance of the North Mountain Park and various shopping centers along the Bell Road corridor.
The rental market shows stable demand with long-term rentals currently outperforming short-term rental revenue, indicating a market primarily driven by local residents.
The local economy is anchored by the broader Phoenix metropolitan employment base, including healthcare, retail, and professional services.
The area is heavily reliant on personal vehicles, with the I-17 freeway serving as the primary transit corridor for regional connectivity.
Development is largely focused on infill projects and the renovation of existing residential stock rather than large-scale new construction.
Maricopa County Assessor utilizes a mass appraisal system to determine full cash value for property tax purposes.
Parcels are subject to various special districts including school, community college, and fire district levies.
Property insurance premiums are influenced by regional wildfire and heat-related risk factors common to the Phoenix metro area.
Data retrieved from data.census.gov ZCTA-level tables.
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 | Arizona4.215.4 mi
- Castles N' Coasters4.34 mi
- Hurricane Harbor Phoenix3.64.7 mi
- Dave & Buster's Tempe4.419 mi
- FatCats Surprise4.416.2 mi
- State Farm Stadium4.610.1 mi
- Chase Field4.613.3 mi
- Desert Botanical Garden4.816 mi
- Mortgage Matchup Center4.613.2 mi
- Phoenix Convention Center4.513.2 mi
- Desert Diamond Casino - West Valley3.99.1 mi
- Musical Instrument Museum4.99.5 mi
- Phoenix Art Museum4.711.8 mi
- Japanese Friendship Garden of Phoenix4.412.1 mi
- Westgate Entertainment District4.69.7 mi
- Desert Botanical Garden4.816 mi
- Hole in the Rock4.716.3 mi
- Musical Instrument Museum4.99.5 mi
- McCormick-Stillman Railroad Park4.813.8 mi
- Phoenix Art Museum4.711.8 mi
- Japanese Friendship Garden of Phoenix4.412.1 mi
- Pioneer Community Park4.57.2 mi
- Steele Indian School Park4.69.6 mi
- Echo Canyon Trailhead4.912 mi
- Encanto Park4.611 mi
- Topgolf Glendale4.310.6 mi
- Trevor's Liquor4.712 mi
- Arizona Biltmore Golf Club4.39.9 mi
- Orange Tree Golf Resort3.910.6 mi
- Stonecreek Golf Club3.99.1 mi
- Arrowhead Towne Center4.45.2 mi
- Tanger Outlets Phoenix4.59.9 mi
- Desert Ridge Marketplace4.610 mi
- Desert Sky Mall411.7 mi
- Scottsdale Quarter4.612.2 mi
- Phoenix Sky Harbor International Airport4.315.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large regional park offering hiking trails and scenic views.
Major commercial artery with extensive retail and restaurant options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.