ZIP 85016
Phoenix, AZ
Data based on listings and public records observed by Rufus. May not represent the entire market.
ZIP 85016 covers 38 tracked apartment buildings totaling 6,659 units in Phoenix, AZ, with an average asking rent of $1,567 — close to the national median for this ZIP code. Asking rents span $750 to $4,995 across the available inventory. Reported occupancy is 91.5%, softer than most stabilized markets and consistent with active leasing concessions.
The for-sale market in this ZIP code shows a median asking price of $515,000 ($391 per square foot). For-sale listings sit on the market for an average of 96 days. As of the most recent snapshot Rufus is tracking 218 active listings. HMDA mortgage data for the county covering Phoenix shows an average loan amount of $470,357 at an average interest rate of 6.54%. 216,472 loans were originated in the most recent reporting year, a denial rate close to the national average.
Rufus refreshes this ZIP code snapshot from live scraping of listing sources and public deed and mortgage records; figures are observed rather than reported by owners and may differ from marketing brochures.
Building Vintage
Largest Buildings
| Property | Units | Built | Avg Rent |
|---|---|---|---|
| 3121 E Claremont Ave Phoenix, AZ 85016 | N/A | 1984 | $4,995 |
| Novella at Biltmore | N/A | 2020 | $3,486 |
| 3121 E Claremont Ave | N/A | 1984 | $4,995 |
| Preston at Biltmore | 472 | 2020 | $1,983 |
| The Venue on Camelback Apartments | 415 | 1970 | $998 |
| Omnia on Thomas | 382 | 1971 | $979 |
| Kinley at Biltmore | 357 | 1979 | $980 |
| The Highland | 350 | 1998 | $2,051 |
| Art on Highland | 349 | 2017 | $1,737 |
| The Art on Highland | 349 | 2017 | $1,558 |