Real Estate Market Update for 85040 (Phoenix, AZ)
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Welcome to this month's "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 17% from one year earlier and down 1% from the previous month This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month... was just under 70-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 59% This higher numbers of days may signal a slowdown in the local inventory-turnover rate. Meanwhile, The median sale price was just over 80-thousand dollars. Overall, The number of units sold Decreased 37% year-over-year and Increased 48% month-over-month Despite a slight annual decrease, this upward monthly sales-trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 85040 (Phoenix, AZ)
Area Information for 85040 (Phoenix, AZ)
  • Community Character: Close to Military Facility(ies), Moderate Residential Turnover
  • Population: 28,924
  • Median Age: 32.88 yr
  • Median Commute Time: 19.84 mins
  • Educational Climate*: 3
  • Recycling Likelihood**: 88
  • Sales Tax: 9.3%
  • Population Density: 2,893/sq mi
  • Population Change Since 2000: 2%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: University Of Phoenix Online Cmps
  • Closest Jr. College: South Mountain Comm Coll
  • Median Household Income: $32,781
  • Annual Residential Turnover: 20.51%
  • Median Years in Residence: 2.56 yr
  • Median Home Sales Price: $62,000
  • Closest Major Sports Team: Azl Angels (r) / Azl Dodgers (r)
  • Change Avg. Household Income Since 2000: 30%
* Scale from 1-5   ** Index where 100 is the national average
Demographic Data for 85040 (Phoenix, AZ)
Median Age: 32.88 Married: 29% Number of Households: 8,883 Households with Children: 4,026
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 85040 (Phoenix, AZ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Martin Luther King Elementary School 0.4 mi Public PRESCHOOL/KINDERGARTEN 0 2
      Percy L Julian School 0.4 mi Public K - 8 1 2
      Sabis International School 0.7 mi State K - 8 3 2
      G Benjamin Brooks Academy 0.8 mi Public K - 8 0 1
      South Pointe Elementary School 1.0 mi State K - 6 0 0
      T G Barr Elementary School 1.4 mi Public K - 8 0 2
      Rose Linda Elementary School 1.6 mi Public K - 8 1 3
      Precision High School 1.8 mi State 9 - 12 1 4
      Arts Academy At South Mountain 2.0 mi State K - 8 1 0
      South Mountain High School 2.2 mi Public 9 - 12 2-5 3
      Cesar Chavez School 2.4 mi Public K - 8 1 3
      Champion School 2.5 mi State K - 3 0 0
      Nfl Yet Academy 2.6 mi State K - 12 2-5 0
      Phoenix Collegiate Academy 2.7 mi State 5 - 8 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2010
      Local Weather for 85040 (Phoenix, AZ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2013 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.