ZIP Code · AZ

ZIP 85340

Pop. 40,919·Maricopa County·35th most expensive ZIP in Arizona
Median rent (all units)
$2,114/mo
Year-over-Year
+1.3%
Month-over-Month
+1.1%
vs US Median
+$182
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 85340 · $2,114
More expensive than 67% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,790
1 BR
$1,950
2 BR
$2,260
3 BR
$3,020
4 BR+
$3,380
Research median
$2,260/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 85340 usually run 1.1% below trend in January and 0.6% above it in June, about $36 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 85340 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Arizona

Rent in ZIP 85340 changed +1.3% over the year to September 2026. Across the 171 Arizona ZIP codes Zillow tracks, the typical change was +1.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 85340 rose 46.6% while median household income rose 31% ($93,374 to $122,323). Rent outpaced income.

Since before the pandemic

Rent in ZIP 85340 is 40.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($122,323) is $3,058 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,020); a 4-bedroom is $3,380.

Cheaper nearby

ZIP 85395, 3 miles away, rents for 19% less ($1,715/mo), about $4,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 85340. 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.

Annual cost
$25,368/yr
At $2,114/mo median
Location
StateAZ
CountyMaricopa County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+1.3% YoY, +1.1% MoM), not inventory.
Demographics

Who lives here

ZIP 85340 (Litchfield Park, AZ) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 37.4% of residents hold a bachelor's degree or higher.

Population
40,919
Median income
$122,323
Median age
36.5
Renters
18.4%
Age distribution
27.2%
19.7%
29.8%
Under 1827.2%
18–3419.7%
35–5429.8%
55–6411.7%
65+11.6%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
52.5%
32.7%
White52.5%
Black6.3%
Hispanic32.7%
Asian4.7%
Other3.9%
Education (25+)
23.4%
33.3%
37.4%
No HS diploma5.9%
HS diploma23.4%
Some college33.3%
Bachelor's+37.4%
Housing tenure
81.6%
18.4%
Owner81.6%
Renter18.4%

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

2021 vs 2026

How ZIP 85340 in Litchfield Park, AZ has changed in 5 years

Rent
$1,799 → $2,114
up 17.5%
Income
$103,808 → $122,323
up 17.8%
Population
35,643 → 40,919
up 14.8%
Renter share
20.9% → 18.4%
-2.5 pts
Bachelor's+
34% → 37.4%
+3.4 pts
Median age
37.3 → 36.5
-0.8 yrs

Rent in ZIP 85340 in Litchfield Park, AZ has increased 17.5% since 2021, going from about $1,799 per month to roughly $2,114 today. Median household income grew from $103,808 to $122,323 between 2021 and 2024, a 17.8% shift. Headcount in the area went from 35,643 to 40,919 between 2021 and 2024, a 14.8% change. About 18.4% of households rent today, against 20.9% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 34% to 37.4%. Taken together, the five-year picture in ZIP 85340 in Litchfield Park, 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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About renting in ZIP 85340

Last updated: October 17, 2026

ZIP code 85340 covers Litchfield Park, AZ. The median rent here is $2,114/mo as of October 2026. A 1-bedroom rents for a median of $1,950/mo. A 2-bedroom rents for a median of $2,260/mo.

At 21% of local median household income ($122,323/yr), ZIP 85340 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 85340?

To keep rent at or below 30% of gross income, you would need to earn at least $85,000/year (about $41/hour full-time) to afford the median rent of $2,114/mo in ZIP 85340. The local median household income is $122,323/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 85340?

Rent in ZIP 85340 has risen 1.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 85340?

Asking rents in ZIP 85340 are usually lowest in January, about 1.1% below their yearly trend, and highest in June, about 0.6% above it. At today's median that is a gap of roughly $36 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 85340?

Yes. From 2019 to 2024, rent in ZIP 85340 rose 46.6% while median household income rose 31%, from $93,374 to $122,323. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 85340 compare to other ZIPs in Arizona?

ZIP 85340 is one of the pricier among Arizona ZIP codes for rent, ranking #35 of 183 at $2,114/mo. Over the year to September 2026, rent in ZIP 85340 changed +1.3%, against a typical +1.6% across the 171 Arizona ZIP codes Zillow tracks.

How does ZIP 85340 compare to the rest of Litchfield Park?

At $2,114/mo, ZIP 85340 is $11 above the Litchfield Park citywide median of $2,103/mo.
Income Affordability
21%
VERY AFFORDABLE

At $2,114/mo, rent takes ~21% of ZIP 85340's median household income ($122,323/yr). The standard benchmark is 30%.

ZIP 85340 21%Benchmark 30%
State income tax2.5%
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Schools nearby

Public schools near ZIP 85340 (Litchfield Park, AZ)

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