ZIP 85029
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 85029 usually run 1.3% below trend in January and 0.7% above it in April, about $25 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 85029 is 4.9% below its high of $1,319 in October 2024, at $1,255 as of September 2026.
Rent in ZIP 85029 changed +0.2% 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 85029 rose 54.1% while median household income rose 33% ($48,547 to $64,556). Rent outpaced income.
Rent in ZIP 85029 is 38.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 5 of the last 12 months.
30% of the median household income ($64,556) is $1,614 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,470); a 2-bedroom is $1,710.
6th cheapest of 43 ZIP codes in Phoenix.
ZIP 85031, 8 miles away, rents for 12% less ($1,107/mo), about $1,800 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 85029. 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 85029 (Phoenix, AZ) is roughly split between renters and owners, has a median income below the national average, 24.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 85029 in Phoenix, AZ has changed in 5 years
Five years ago, renters in ZIP 85029 in Phoenix, AZ paid around $1,070 a month. That figure now sits near $1,255, up 17.3% from the 2021 baseline. Census figures show median household income at $64,556 today, compared with $53,565 five years earlier. 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 85029 in Phoenix, AZ adding about 1,797 residents over the five-year window, up 3.8% on net. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Tips for renters in ZIP 85029
Last updated: October 17, 2026
ZIP code 85029 covers Phoenix, AZ. The median rent here is $1,255/mo as of October 2026. A 1-bedroom rents for a median of $997/mo. A 2-bedroom rents for a median of $1,160/mo.
At 23% of local median household income ($64,556/yr), ZIP 85029 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.2% over the past year.
Frequently asked questions
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How does ZIP 85029 compare to other ZIPs in Arizona?
How does ZIP 85029 compare to the rest of Phoenix?
At $1,255/mo, rent takes ~23% of ZIP 85029's median household income ($64,556/yr). The standard benchmark is 30%.
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