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ZIP Code · AZ

ZIP 85024

Part of Phoenix, AZ
Pop. 26,199·Maricopa County·73rd most expensive ZIP in Arizona
Median rent (all units)
$1,847/mo
Year-over-Year
+0.3%
Month-over-Month
+0.1%
vs US Median
-$118
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 85024 · $1,847
More expensive than 51% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,660
1 BR
$1,810
2 BR
$2,100
3 BR
$2,800
4 BR+
$3,110
Research median
$2,100/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$22,164/yr
At $1,847/mo median
Location
StateAZ
CountyMaricopa County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.3% YoY, +0.1% MoM), not inventory.
Demographics

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.

Population
26,199
Median income
$106,724
Median age
33.8
Renters
34.1%
Age distribution
22.5%
29.4%
24.2%
13.1%
Under 1822.5%
18–3429.4%
35–5424.2%
55–6413.1%
65+10.8%
Gender
47.7%
52.3%
Male47.7%
Female52.3%
Race & ethnicity
72.4%
16.7%
White72.4%
Black1.8%
Hispanic16.7%
Asian6.1%
Other2.9%
Education (25+)
12.9%
34.4%
46.9%
No HS diploma5.8%
HS diploma12.9%
Some college34.4%
Bachelor's+46.9%
Housing tenure
65.9%
34.1%
Owner65.9%
Renter34.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 85024 in Phoenix, AZ has changed in 5 years

Rent
$1,549 → $1,847
up 19.2%
Income
$81,359 → $106,724
up 31.2%
Population
24,947 → 26,199
up 5.0%
Renter share
35.3% → 34.1%
-1.2 pts
Bachelor's+
42.1% → 46.9%
+4.8 pts

Across the past five years, the going rent in ZIP 85024 in Phoenix, AZ has shifted from $1,549 to $1,847, up 19.2% 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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Local insights

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About renting in ZIP 85024

Last updated: July 20, 2026

ZIP code 85024 covers Phoenix, AZ. The median rent here is $1,847/mo as of July 2026. A 1-bedroom rents for a median of $1,810/mo. A 2-bedroom rents for a median of $2,100/mo.

At 21% of local median household income ($106,724/yr), ZIP 85024 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 85024?

As of July 20, 2026, the median monthly rent in ZIP 85024 (Phoenix, AZ) is $1,847. This is based on aggregated data from public sources and community submissions.

How does ZIP 85024 rent compare to the US average?

ZIP 85024's median rent of $1,847/mo is $118 (6%) below the US national median of $1,965/mo.

How does ZIP 85024 compare to other ZIPs in Arizona?

ZIP 85024 falls in the middle range for Arizona, ranking #73 out of 185 ZIPs at $1,847/mo.

How much income do you need to rent in ZIP 85024?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (~$36/hour full-time) to afford the median rent of $1,847/mo in ZIP 85024. The local median household income is $106,724/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 85024?

Rent in ZIP 85024 has been relatively stable over the past year, with a 0.3% change year over year as of July 20, 2026.

Is ZIP 85024 an affordable place to rent?

ZIP 85024 is considered very affordable for renters. At $1,847/mo, rent takes approximately 21% of the local median household income ($106,724/yr). The standard benchmark is 30%. ZIP 85024 falls comfortably within that range.

What percentage of ZIP 85024 residents rent vs. own?

According to Census data, approximately 34.1% of ZIP 85024 households are renters, while 65.9% are owner-occupied. ZIP 85024 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 85024 compare to the rest of Phoenix?

ZIP 85024 is pricier than Phoenix as a whole. At $1,847/mo, it's $278 above the Phoenix citywide median of $1,569/mo.

When was rent data for ZIP 85024 last updated?

Rent data for ZIP 85024 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,847/mo, rent takes ~21% of ZIP 85024's median household income ($106,724/yr). The standard benchmark is 30%.

ZIP 85024 21%Benchmark 30%
State income tax2.5%
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Schools nearby

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