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ZIP Code · AZ

ZIP 85027

Part of Phoenix, AZ
Pop. 39,487·Maricopa County·143rd most expensive ZIP in Arizona
Median rent (all units)
$1,449/mo
Year-over-Year
-0.6%
Month-over-Month
-1.8%
vs US Median
-$516
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 85027 · $1,449
More affordable than 77% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,063
1 BR
$1,155
2 BR
$1,338
3 BR
$1,782
4 BR+
$1,979
Research median
$1,338/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
$17,388/yr
At $1,449/mo median
Location
StateAZ
CountyMaricopa County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.6% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-0.6% YoY, -1.8% MoM), not inventory.
Demographics

Who lives here

ZIP 85027 (Phoenix, AZ) is majority owner-occupied, 30.4% of residents hold a bachelor's degree or higher.

Population
39,487
Median income
$76,605
Median age
36.4
Renters
43.5%
Age distribution
21.8%
25.5%
27.3%
14.2%
Under 1821.8%
18–3425.5%
35–5427.3%
55–6411.2%
65+14.2%
Gender
49%
51%
Male49%
Female51%
Race & ethnicity
66.7%
23.3%
White66.7%
Black2.8%
Hispanic23.3%
Asian7.7%
Education (25+)
25.5%
36.7%
30.4%
No HS diploma7.3%
HS diploma25.5%
Some college36.7%
Bachelor's+30.4%
Housing tenure
56.5%
43.5%
Owner56.5%
Renter43.5%

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

2021 vs 2026

How ZIP 85027 in Phoenix, AZ has changed in 5 years

Rent
$1,306 → $1,449
up 10.9%
Income
$64,886 → $76,605
up 18.1%
Population
38,136 → 39,487
up 3.5%
Renter share
46.1% → 43.5%
-2.6 pts
Bachelor's+
30.3% → 30.4%
+0.1 pts
Median age
34.9 → 36.4
+1.5 yrs

Five years ago, renters in ZIP 85027 in Phoenix, AZ paid around $1,306 a month. That figure now sits near $1,449, up 10.9% from the 2021 baseline. Local incomes tracked alongside that move, going from a median of $64,886 in 2021 to $76,605 more recently. 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 85027 in Phoenix, AZ adding about 1,351 residents over the five-year window, up 3.5% on net. The renter share has eased from 46.1% to 43.5%, with owner-occupied housing accounting for the remainder. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 85027 in Phoenix, AZ market of 2021.

Community

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Local insights

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About renting in ZIP 85027

Last updated: July 20, 2026

ZIP code 85027 covers Phoenix, AZ. The median rent here is $1,449/mo as of July 2026. A 1-bedroom rents for a median of $1,155/mo. A 2-bedroom rents for a median of $1,338/mo.

At 23% of local median household income ($76,605/yr), ZIP 85027 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 85027?

As of July 20, 2026, the median monthly rent in ZIP 85027 (Phoenix, AZ) is $1,449. This is based on aggregated data from public sources and community submissions.

How does ZIP 85027 rent compare to the US average?

ZIP 85027's median rent of $1,449/mo is $516 (26%) below the US national median of $1,965/mo.

How does ZIP 85027 compare to other ZIPs in Arizona?

ZIP 85027 is among the more affordable ZIP codes in Arizona, ranking #143 out of 185 ZIPs at $1,449/mo.

How much income do you need to rent in ZIP 85027?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (~$28/hour full-time) to afford the median rent of $1,449/mo in ZIP 85027. The local median household income is $76,605/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 85027?

Rent in ZIP 85027 has decreased 0.6% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 85027 an affordable place to rent?

ZIP 85027 is considered very affordable for renters. At $1,449/mo, rent takes approximately 23% of the local median household income ($76,605/yr). The standard benchmark is 30%. ZIP 85027 falls comfortably within that range.

What percentage of ZIP 85027 residents rent vs. own?

According to Census data, approximately 43.5% of ZIP 85027 households are renters, while 56.5% are owner-occupied. ZIP 85027 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 85027 compare to the rest of Phoenix?

ZIP 85027 is more affordable than Phoenix overall. At $1,449/mo, it's $120 below the Phoenix citywide median of $1,569/mo.

When was rent data for ZIP 85027 last updated?

Rent data for ZIP 85027 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,449/mo, rent takes ~23% of ZIP 85027's median household income ($76,605/yr). The standard benchmark is 30%.

ZIP 85027 23%Benchmark 30%
State income tax2.5%
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Schools nearby

Public schools near ZIP 85027 (Phoenix, AZ)

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