Zip lookup · AZ

85042
Phoenix, Arizona.

Phoenix, Maricopa County, AZ · Phoenix-Mesa-Chandler, AZ metro · population 45,903

What it costs per month · 85042 $2,006/mo

to buy the typical home at today's mortgage rate — +$1,066 (+113%) since Jan 2020.

What the home itself did
1 year
Down $5,010 -1%
$387,232$382,222 since Sep 2025
5 years
Up $15,387 +4%
$366,835$382,222 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 85042 $2,006 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 85042$2,006
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 84 years.

Typical home values in zip 85042 fell 1.3% over the past year — slower than the nation's +1.2%.

Asking rents in zip 85042 rose 0.1% over the past year — slower than the nation's +2.7%.

Owning the typical home in zip 85042 runs $907/mo more than renting one. The gap peaked at $1,207 in Oct 2022.

That is $2,555 a month against $1,647 rent: a $2,006 mortgage payment, plus $139 property tax and $409 insurance & upkeep.

Owning vs renting — zip 85042

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$1,000 $1,500 $2,000 $2,500 2018 2020 2022 2024 2026 Owning all in $2,555 Renting $1,647 Mortgage only $2,006
$1,000 $1,500 $2,000 $2,500 2018 2022 2026
  • Owning all in$2,555
  • Renting$1,647
  • Mortgage only$2,006

Property tax · $139/mo 0.44% of value a year — the ACS 2020-2024 median bill over the median home value for Maricopa County, AZ

Insurance & upkeep · $409/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

Zillow also publishes an index for the city itself: Phoenix, AZ — measured over the city limits, which is a different area from this zip.

Asking rent $1,647 as of Sep 2026
+0.1%year on year
Typical home value $382,222 as of Sep 2026
-1.3%year on year

Asking rent — 85042

Against the Phoenix-Mesa-Chandler, AZ metro and the national benchmark.

$1,000 $1,250 $1,500 $1,750 2018 2020 2022 2024 2026 85042 $1,647 Phoenix $1,720 United States $1,932
$1,000 $1,250 $1,500 $1,750 2018 2022 2026
  • 85042$1,647
  • Phoenix$1,720
  • United States$1,932

Typical home value — 85042

Mid-tier homes, smoothed and seasonally adjusted.

$200,000 $300,000 $400,000 $500,000 2018 2020 2022 2024 2026 85042 $382,222 Phoenix $441,097 United States $366,157
$200,000 $300,000 $400,000 $500,000 2018 2022 2026
  • 85042$382,222
  • Phoenix$441,097
  • United States$366,157

Within 20 miles

Showing 30 of 76 zips in range — sorting picks from all 76.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
2.8 85044 Phoenix 39,347 $1,554 $473,281
3.5 85040 Phoenix 34,117 $1,857 $317,936
3.9 85041 Phoenix 63,862 $2,178 $366,153
4.0 85048 Phoenix 34,664 $1,831 $576,337
5.2 85045 Phoenix 7,600 $2,724 $658,163
5.5 85034 Phoenix 4,854 $1,440 $280,495
6.5 85004 Phoenix 12,408 $1,776 $415,431
6.5 85007 Phoenix 13,575 $1,375 $400,315
6.5 85003 Phoenix 10,875 $1,757 $575,316
6.8 85283 Tempe 47,459 $1,574 $446,828
6.8 85284 Tempe 19,492 $2,807 $705,540
7.2 85282 Tempe 53,624 $1,540 $456,769
7.3 85006 Phoenix 21,905 $1,499 $402,532
7.4 85009 Phoenix 52,064 $1,356 $274,334
8.1 85008 Phoenix 59,716 $1,404 $368,196
8.3 85281 Tempe 72,762 $1,616 $390,150
8.8 85226 Chandler 42,294 $1,795 $492,348
9.9 85339 Laveen 54,641 $2,109 $437,764
9.9 85043 Phoenix 41,331 $1,935 $363,845
10.2 85202 Mesa 38,750 $1,310 $389,081
10.3 85012 Phoenix 8,704 $1,535 $641,838
10.3 85224 Chandler 47,963 $1,735 $448,297
10.4 85014 Phoenix 25,911 $1,461 $439,608
10.5 85016 Phoenix 37,074 $1,668 $516,550
10.6 85257 Scottsdale 29,812 $1,973 $546,622
10.6 85013 Phoenix 22,490 $1,582 $480,346
10.8 85015 Phoenix 41,490 $1,220 $331,755
11.2 85017 Phoenix 46,129 $1,153 $296,535
11.5 85035 Phoenix 53,424 $1,322 $316,864
11.5 85018 Phoenix 37,297 $1,648 $980,525

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.