The story of this market
The typical home in ZIP 85345 sells for about $376,000, or $248 per square foot.
Prices are roughly flat from a year ago (+0.4%), a market in balance. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $1,700 a month.
ZIP 85345 — Peoria
The 85345 housing market is currently very competitive with a median sale price of $376,000 and a year-over-year price increase of 0.4%. Sales velocity has increased, with days on market declining to 52 days. Several metrics, including months of supply and specific tax data, were not available at the ZIP level.
This area is suitable for a mix of families and commuters seeking relatively more affordable housing options within the Phoenix metro area compared to neighboring ZIP codes.
Median prices moved up 0.4% year over year.
Homes spend a median of 52 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 13.2% — a stable, low-distress profile.
ZCTA 85345, Maricopa County AZ
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 mean travel time to work for residents is approximately 27.5 minutes.
The rental market shows significant upward pressure with rent prices rising 5.88% month-over-month.
The local economy is integrated into the broader Phoenix-Mesa-Chandler metropolitan area, with a per capita income of approximately $31,991.
Data retrieved from Census Reporter and ACS 5-year estimates.
Key-figure check: median price diverges 13.6% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: confirmed genuine market swing — the flagged $376,000 was independently re-read and corroborated by 2 source(s); it stands as the new anchor baseline.