ZIP 85024
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 85024 usually run 0.7% below trend in January and 0.4% above it in August, about $19 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 85024 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 85024 changed +4.2% 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 85024 rose 38.9% while median household income rose 39.1% ($76,711 to $106,724). Income kept ahead of rent.
Rent in ZIP 85024 is 39.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 8 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($106,724) is $2,668 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,100); a 3-bedroom is $2,800.
29th cheapest of 43 ZIP codes in Phoenix.
ZIP 85027, 5 miles away, rents for 14% less ($1,494/mo), about $3,000 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 85024. 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 85024 (Phoenix, AZ) is majority owner-occupied, has a median income above the national average, 46.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 85024 in Phoenix, AZ has changed in 5 years
Across the past five years, the going rent in ZIP 85024 in Phoenix, AZ has shifted from $1,413 to $1,744, up 23.4% since 2021. Median household income climbed from $81,359 to $106,724 between 2021 and 2024, a 31.2% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 85024 in Phoenix, AZ adding about 1,252 residents over the five-year window, up 5.0% on net. Bachelor's-degree-or-higher attainment moved from 42.1% to 46.9% across the same window. Taken together, the five-year picture in ZIP 85024 in Phoenix, AZ reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 85024
Last updated: October 17, 2026
ZIP code 85024 covers Phoenix, AZ. The median rent here is $1,744/mo as of October 2026. A 1-bedroom rents for a median of $1,810/mo. A 2-bedroom rents for a median of $2,100/mo.
At 20% of local median household income ($106,724/yr), ZIP 85024 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.2% over the past year.
Frequently asked questions
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How does ZIP 85024 compare to the rest of Phoenix?
At $1,744/mo, rent takes ~20% of ZIP 85024's median household income ($106,724/yr). The standard benchmark is 30%.
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