Phoenix 85023

Maricopa County, AZ · 10,208 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

42affordability /100

Buyer leverage is seller slight; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
35.3%
stretched
Days on market
40
daily
Price cuts
32.3%
of active
Valuation
-37.2%
vs assessor
Look up an address
39
/100
Weak
stable · seller slight · prices easing year-over-year.
Price trend
35
Affordability
45
Valuation
35
Economic health
42

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

37/ 100SellerBalancedBuyer
Seller's Market
Needs 15% correction for affordability
DOM: 53d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)10
Supply & Demand (20%)20
Buy vs Rent (15%)100
Cancellation Rate (10%)0
Days on Market (5%)60

Seller-favored market in 85023. Expect to pay at or near list price. Payment burden: 35.4% of median income. Median days on market: 53. Renting is approximately 123% cheaper than buying (price-to-rent ratio: 26.7).

Buyer Caution

Seller's market. Be prepared to pay near list price.

Competitive market similar to 2021-2022 — limited inventory driving prices above fundamentals.
STABLESELLER SLIGHT

Market is holding steady with balanced conditions. Sellers hold a slight edge. Prices down 1.5% YoY.

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Market snapshoteach number, once

Median price
$422,195
▾ 1.5% YoY
Days on market
40
daily · zip_data
Median rent
$1,320
ZORI
Investor score
30/100
cash-flow lens
Active listings
89
90-day

Valuation3 lenses, different anchors

vs assessor
-37.2%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$265,158
county CAMA · properties_v
vs income
—
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+71.3%
County-wide market — the widest, slowest signal.
Maricopa+71.3%
Lotvox comps · mv_valuation_gap
Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$344
Price-to-income5.8×

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How 85023 ranks in AZ
percentile vs all Arizona ZIPs · n=398
Market velocity88%
Supply tightness94%
Affordability36%
Investment yield21%
Appreciation30%

Affordability, supply & momentum

74SUPPLY
Tight MarketSupply Tightness

Supply is below normal — sellers are favored but buyers still have options.

Months of Supply2.6 mo
Days on Market40d
Inv vs History+9.2%
Listing Density6.6/1k
Affordability — payment burden
Monthly payment (P&I)$2,133
Payment burden35.3%
Median income · ZIP$72,442
Mortgage rate6.49% · 30yr
Total monthly own$2,555
Monthly rent$1,320
Market dynamics
Price cut %32.3%
Momentumstable
LeverageSELLER SLIGHT
Months of supply2.6
Sales (90d)0
Investment analysis
Median rent$1,320
Price-to-rent26.7
Est. cap rate2.4%
Buy vs rentfavors renting

Livability

Walk score3
Transit score8
Bike score—
Places & amenities in ZIP 85023 · 23 mapped
Leaflet © OpenStreetMap contributors © CARTO
Parks & open space4
Telephone Pioneers ParkMoon Valley ParkWerner's Field ParkMoonlight Park
Trails1
Grasshopper Bridge
Recreation & aquatics4
Turf ParadiseTelephone Pioneers PoolMoon Valley Country ClubCave Creek Municipal Golf Course
Venues & culture2
Juniper Branch LibraryMartin Auto Museum
Dining & cafés7
StarbucksStarbucksBarro's PizzaWaffle HouseEl Siner Tacos & MoreBurger Mania+1 more
Land & water4
Cave CreekMoon HillMoon MountainMoon Valley Wash
Weekend range8
Usdi Bureau Of Reclamation, Central Arizona Project, Orme Dam Water Reserve Withdrawal · national conservation area27 mi
Hells Canyon Wilderness Area · wilderness area27 mi
Sierra Estrella Wilderness Area · wilderness area30 mi
Gila River Waterfowl Management Area · national conservation area37 mi
Mazatzal Wilderness · wilderness area40 mi
Castle Creek Wilderness · wilderness area40 mi
Hassayampa River Canyon Wilderness Area · wilderness area43 mi
North Maricopa Mountains Wilderness Area · wilderness area44 mi

Straight-line distance from the ZIP centroid (USGS PAD-US).

1,345 ft above sea level elevation · USGS 3DEP1 protected / open-space parcels · USGS PAD-USPhoenix: incorporated/founded 1868; named after phoenix · Wikidata

Place data: USGS 3D Elevation Program · USGS Protected Areas Database (PAD-US) · Wikidata · © OpenStreetMap contributors — licensed ODbL (OpenStreetMap), CC0 (Wikidata) and US public domain (USGS, NPS, Census). Every place shown comes from the named sources; nothing is editorialized.

Historical trends

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Maricopa County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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