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Area data

Phoenix, AZ — ZIP 85048

Population: 34,664 (Census ACS)

Home values & appreciation

Median home value
$582,915
1-year appreciation
-0.3%
3-year appreciation
+1.6%
5-year appreciation
+14.3%
10-year appreciation
+75.4%
All-time peak (2022-07)
$625,077
House Price Index
567.6 (+0.5% YoY)

Market activity

Median sale price
$350,000
Median list price
$415,000
Median days on market
33 days
Sale-to-list ratio
99.1%
Active listings
7
1-year forecast
-1.1%
Days to pending
58 days
New listings (monthly)
38

Rents

Typical rent
$1,778/mo
1-year rent change
-1.5%
1BR fair-market rent
$2,000/mo
3BR fair-market rent
$3,090/mo

Affordability

Cost of living index (Above Average)
100.6 (100 = US avg)
Electricity rate (state-level)
15.3¢/kWh
Natural gas rate (state-level)
$18.60/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
13
Elementary schools
7
Middle schools
2
High schools
3
Charter schools
3

Natural hazards & flood risk

Overall hazard risk
Very High
Top hazards
hail, heatWave, inlandFlooding, strongWind, drought
FEMA flood zone
X
Flood risk level
Minimal

Climate (30-year normals)

Average annual temperature
74.0°F
Average high
88.0°F
Average low
61.0°F
Annual precipitation
7.5 in

Air quality

Air quality rating
Moderate
Median AQI (annual)
72
Days with Good air quality
41
Days with Unhealthy air quality
7

Walkability & transit

Walkability index
9.8 / 20
Transit service frequency
944

Amenities

National parks within ~60 mi
2
Nearest national park
Casa Grande Ruins National Monument (37 mi)
Nearest airport
Hangar Haciendas Airpark (5 mi)
Nearest major airport
Phoenix Sky Harbor International Airport (PHX) (9 mi)
Hospitals nearby (~15 mi)
31
Avg hospital rating
3.1 / 5
EV charging stations (within 10 mi)
225
Solar radiation rating
Excellent (5.8 kWh/m²/day)

Migration

Net migration
+6,982 tax filers

Housing stock

Median year housing built
1,995
Median annual property tax
$3,123
Mean commute to work
16 min
Households with broadband internet
89.4%

Employment & development

Total county employment
2,020,817
Average weekly wage
$1,347
Top industries (by employment)
Health Care, Accommodation & Food, Administrative Services
Annual residential building permits (county)
21,487

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents