ZIP 85040
Phoenix, AZ
Data based on listings and public records observed by Rufus. May not represent the entire market.
ZIP 85040 covers 8 tracked apartment buildings totaling 1,093 units in Phoenix, AZ, with an average asking rent of $1,639 — close to the national median for this ZIP code. Asking rents span $999 to $2,225 across the available inventory. Occupancy of 94.0% is in line with a healthy stabilized market.
The for-sale market in this ZIP code shows a median asking price of $375,000 ($245 per square foot). For-sale listings sit on the market for an average of 66 days. As of the most recent snapshot Rufus is tracking 78 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 |
|---|---|---|---|
| Solara Vista | 302 | 2024 | $1,851 |
| Parc South Mountain | 258 | 2019 | $1,725 |
| Esteban Park | 204 | 2008 | $1,430 |
| Apex on Central | 117 | 1988 | $1,240 |
| Raymond Place Townhomes | 74 | 2024 | $2,160 |
| Topaz Pointe | 68 | 2010 | $1,681 |
| South Mountain Shadows | 40 | 2025 | $2,045 |
| Woodgate Townhomes | 30 | 2025 | $1,970 |