ZIP 85027
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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
December. Asking rents in ZIP 85027 usually run 1.2% below trend in December and 1.1% above it in June, about $34 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 85027 is 4.7% below its high of $1,567 in July 2022, at $1,494 as of September 2026.
Rent in ZIP 85027 changed +1.4% 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 85027 rose 41.9% while median household income rose 30.1% ($58,877 to $76,605). Rent outpaced income.
Rent in ZIP 85027 is 32.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 6 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($76,605) is $1,915 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,900); a 3-bedroom is $2,530.
19th cheapest of 43 ZIP codes in Phoenix.
ZIP 85023, 3 miles away, rents for 20% less ($1,193/mo), about $3,600 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 85027. 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 85027 (Phoenix, AZ) is majority owner-occupied, 30.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 85027 in Phoenix, AZ has changed in 5 years
Five years ago, renters in ZIP 85027 in Phoenix, AZ paid around $1,309 a month. That figure now sits near $1,494, up 14.1% 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.
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Tips for renters in ZIP 85027
Last updated: October 17, 2026
ZIP code 85027 covers Phoenix, AZ. The median rent here is $1,494/mo as of October 2026. A 1-bedroom rents for a median of $1,191/mo. A 2-bedroom rents for a median of $1,380/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 increased 1.4% over the past year.
Frequently asked questions
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How does ZIP 85027 compare to other ZIPs in Arizona?
How does ZIP 85027 compare to the rest of Phoenix?
At $1,494/mo, rent takes ~23% of ZIP 85027's median household income ($76,605/yr). The standard benchmark is 30%.
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