ZIP 85054
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12-month history
Last updated: October 17, 2026
What the numbers show
June. Asking rents in ZIP 85054 usually run 1.3% below trend in June and 1.5% above it in January, about $52 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 85054 is 5.5% below its high of $1,977 in December 2021, at $1,868 as of September 2026.
Rent in ZIP 85054 changed -1.5% 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 85054 rose 35.1% while median household income rose 5.2% ($86,951 to $91,507). Rent outpaced income.
Rent in ZIP 85054 is 27.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 5 of the last 12 months.
30% of the median household income ($91,507) is $2,288 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,130); a 2-bedroom is $2,470.
35th cheapest of 43 ZIP codes in Phoenix.
ZIP 85032, 5 miles away, rents for 15% less ($1,597/mo), about $3,300 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 85054. 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 85054 (Phoenix, AZ) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 60.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 85054 in Phoenix, AZ has changed in 5 years
Since 2021, the typical rent in ZIP 85054 in Phoenix, AZ has increased from $1,607 to $1,868, a 16.2% change over five years. Median household income rose from $90,510 to $91,507 between 2021 and 2024, a 1.1% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 27.2% since 2021, moving from about 8,131 residents to roughly 10,346. Taken together, the five-year picture in ZIP 85054 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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Tips for renters in ZIP 85054
Last updated: October 17, 2026
ZIP code 85054 covers Phoenix, AZ. The median rent here is $1,868/mo as of October 2026. A 1-bedroom rents for a median of $1,488/mo. A 2-bedroom rents for a median of $1,725/mo.
At 24% of local median household income ($91,507/yr), ZIP 85054 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.5% over the past year.
Frequently asked questions
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How does ZIP 85054 compare to the rest of Phoenix?
At $1,868/mo, rent takes ~24% of ZIP 85054's median household income ($91,507/yr). The standard benchmark is 30%.
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