ZIP 85031

Phoenix, AZ

Data based on listings and public records observed by Rufus. May not represent the entire market.

ZIP 85031 covers 6 tracked apartment buildings totaling 1,184 units in Phoenix, AZ, with an average asking rent of $1,132 — well below the national median for this ZIP code. Asking rents span $679 to $1,718 across the available inventory. Reported occupancy is 89.8%, 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 $299,000 ($188 per square foot). For-sale listings sit on the market for an average of 67 days. As of the most recent snapshot Rufus is tracking 27 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.

Last updated 2026-07-28 · Tracked since 2025-09-04
Avg Rent
$1,132
$679 – $1,718
Buildings
6
Total Units
1,184
Est. Occupancy
89.8%
121 vacant (observed)

Building Vintage

Pre-1980
1
1980-1999
4
2000-2014
1

Largest Buildings

PropertyUnitsBuiltAvg Rent
Cove on 44th2561983$950
Glenrosa Park2361980$1,107
Morada Grande2002001$1,448
Aspire West Phoenix1801977$851
Solei on West Thomas1561984$966
Solei on West Thomas Apartments1561984$1,079
Last updated: 2026-07-19
Median Asking Price
$299,000
Median Size
1,227 sqft
Price per Sqft
$188
Avg Days on Market
67 days
Active Listings
27

Home Type Breakdown

Single Family51.9%(14)
Townhome33.3%(9)
Condo14.8%(4)
Source: HMDA / CFPB

Mortgage data is reported at the county level and may cover a broader area than the ZIP, city, or metro shown.

Avg Loan Amount
$470,357
Avg Property Value
$623,043
Avg Applicant Income
$179,861
Denial Rate
10.5%
Avg Interest Rate
6.54%
Originations
216,472

Loan Type Breakdown

Conventional70.7%
FHA21.3%
VA8%