ZIP 85048
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 85048 usually run 1% below trend in January and 0.9% above it in August, about $35 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 85048 is 1.3% below its high of $1,855 in June 2025, at $1,831 as of September 2026.
Rent in ZIP 85048 changed +0.7% 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 85048 rose 40.7% while median household income rose 18% ($104,063 to $122,833). Rent outpaced income.
Rent in ZIP 85048 is 35.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($122,833) is $3,071 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,320); a 3-bedroom is $3,090.
32nd cheapest of 43 ZIP codes in Phoenix.
ZIP 85044, 4 miles away, rents for 15% less ($1,554/mo), about $3,300 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 85048. 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 85048 (Phoenix, AZ) is majority owner-occupied, has a median income above the national average, 61.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 85048 in Phoenix, AZ has changed in 5 years
The median rent in ZIP 85048 in Phoenix, AZ stood at $1,489 in 2021 and currently runs about $1,831, reflecting a 23.0% increase over the period. Census figures show median household income at $122,833 today, compared with $102,655 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.8% since 2021, moving from about 34,039 residents to roughly 34,664. Renters now make up 24.6% of households, compared with 29.8% five years ago. College-educated residents now make up 61.8% of adults here, versus 56.7% in 2021. 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 85048
Last updated: October 17, 2026
ZIP code 85048 covers Phoenix, AZ. The median rent here is $1,831/mo as of October 2026. A 1-bedroom rents for a median of $1,458/mo. A 2-bedroom rents for a median of $1,691/mo.
At 18% of local median household income ($122,833/yr), ZIP 85048 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.7% over the past year.
Frequently asked questions
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How does ZIP 85048 compare to the rest of Phoenix?
At $1,831/mo, rent takes ~18% of ZIP 85048's median household income ($122,833/yr). The standard benchmark is 30%.
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