Real Estate Market Update for 85043 (Phoenix, AZ)

Video: Real Estate Community Tour for 85043 (Phoenix, AZ)

See Real estate community tour for 85043 (Phoenix, AZ)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 3% from one year earlier, and up 15% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 210-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 28%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 200-thousand dollars. The number of units sold decreased 12% year-over-year, and decreased 4% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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.
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Map Information for 85043 (Phoenix, AZ)
Area Information for 85043 (Phoenix, AZ)
  • Population: 31,614
  • Median Age: 27.11 yr
  • Median Commute Time: 26 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 1,649/sq mi
  • Population Change Since 2000: 201.12%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Grand Canyon University
  • Closest Jr. College: Universal Technical Institute
  • Median Household Income: $39,463
  • Annual Residential Turnover: 18%
  • Median Home Sales Price: $145,000
  • Closest Major Sports Team: Arizona Brewers ¿
  • Change Avg. Household Income Since 2000: 28.02%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 85043 (Phoenix, AZ)
Median Age: 27.11 Married: 30% Number of Households: 8,478 Households with Children: 4,178
    • 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 85043 (Phoenix, AZ)

      School Name Distance Type Grades School Rating Parent Rating
      South Ridge High School 0.3 mi Public 9-12 2 4
      Western Valley Middle School 0.6 mi Public 6-8 1 0
      Western Valley Elementary School 0.6 mi Public K-5 1 0
      Santa Maria Middle School 1.1 mi Public 6-8 1 0
      Fowler Elementary School 1.2 mi Public PRESCHOOL-5 1 0
      Kings Ridge School 1.2 mi Public 5-8 2 0
      Hope High School 1.5 mi Public 9-12 1 0
      Sunridge Elementary School 1.8 mi Public PRESCHOOL-5 0 0
      Riverside Traditional School 1.9 mi Public PRESCHOOL-4 1 0
      Sun Canyon School 1.9 mi Public K-5 2 0
      Tuscano Elementary School 2.1 mi Public PRESCHOOL-5 2 0
      Southwest Leadership Academy 3.3 mi Public 9-12 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: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 85043 (Phoenix, AZ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.