ZIP 85008
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 85008 usually run 1.5% below trend in January and 0.8% above it in July, about $32 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 85008 is 3.2% below its high of $1,450 in August 2022, at $1,404 as of September 2026.
Rent in ZIP 85008 changed +0.9% over the year to September 2026. Across the 171 Arizona ZIP codes Zillow tracks, the typical change was +1.6%.
From 2019 to 2024, rent in ZIP 85008 rose 42.8% while median household income rose 52.3% ($43,574 to $66,353). Income kept ahead of rent.
Rent in ZIP 85008 is 33.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 5 of the last 12 months.
30% of the median household income ($66,353) is $1,659 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,640); a 3-bedroom is $2,190.
14th cheapest of 43 ZIP codes in Phoenix.
ZIP 85015, 7 miles away, rents for 13% less ($1,220/mo), about $2,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 85008. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 85008 (Phoenix, AZ) is majority renter-occupied, skews toward younger working-age adults, 25.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 85008 in Phoenix, AZ has changed in 5 years
The median rent in ZIP 85008 in Phoenix, AZ stood at $1,116 in 2021 and currently runs about $1,404, reflecting a 25.8% increase over the period. Local incomes tracked alongside that move, going from a median of $51,351 in 2021 to $66,353 more recently. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. Renters now make up 68.7% of households, compared with 71.4% five years ago. College-educated residents now make up 25.9% of adults here, versus 21.5% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 85008 in Phoenix, AZ market of 2021.
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Tips for renters in ZIP 85008
Last updated: October 17, 2026
ZIP code 85008 covers Phoenix, AZ. The median rent here is $1,404/mo as of October 2026. A 1-bedroom rents for a median of $1,410/mo. A 2-bedroom rents for a median of $1,640/mo.
At 25% of local median household income ($66,353/yr), ZIP 85008 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.9% over the past year.
Frequently asked questions
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How does ZIP 85008 compare to other ZIPs in Arizona?
How does ZIP 85008 compare to the rest of Phoenix?
At $1,404/mo, rent takes ~25% of ZIP 85008's median household income ($66,353/yr). The standard benchmark is 30%.
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