Home Affordability in 85001
Phoenix, AZ — Maricopa County
The median home price in ZIP code 85001 (Phoenix) is $385,000 with a median household income of $58,000. The price-to-income ratio is 6.6x.
Median Home Price
$385,000
Median Income
$58,000
Price-to-Income
6.6x
Est. Affordable Home
$226,000
Property Tax Rate
0.59%
Annual Property Tax
$2,272
Cost of Living
103
Metro Area
Phoenix-Mesa-Chandler MSA
Down Payment Scenarios for ZIP 85001
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $11,550 | $373,450 | Yes |
| 5% | $19,250 | $365,750 | Yes |
| 10% | $38,500 | $346,500 | Yes |
| 20% | $77,000 | $308,000 | No |
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