ZIP 85040 Housing Market Report
Phoenix Metro
Report period: July 2026
85040 Monthly Market Update – July 2026
ZIP 85040 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$399,000
+3.6%
Median DOM (Sales)
38
+18.8%
New Listings (Sales)
17
−54.1%
Median Rent
$1,650
0.0%
Median DOM (Rental)
5
+400.0%
Total Rental Listings
184
−11.5%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (34 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($749,990 median)
Sales Market Overview
Median Price
$399,000
+3.6%
Median DOM
38
+18.8%
New Listings
17
−54.1%
Inventory
133
+2.3%
- Average Price: $407,502
- Median Price: $399,000
- Price Range: $25,000 – $1,675,000
- Price per Sq Ft (Avg/Median): $249 / $247
- Square Footage (Avg/Median): 1,554 / 1,545
- Square Footage Range: 736 – 4,669
- Days on Market (Avg/Median): 69 / 38
- Days on Market Range: 2 – 334
- New Listings: 17
- Total Listings: 133
Sales by Property Type
Land
Avg/Median Price$468,606 / $300,000Range$119,900 – $1,675,000Price per Sq Ft—Sq Ft—DOM83 / 34New1Total20
Manufactured
Avg/Median Price$96,633 / $50,000Range$25,000 – $214,900Price per Sq Ft$76 / $49Sq Ft1,081 / 1,024DOM86 / 75New0Total3
Multi-Family
Avg/Median Price$586,206 / $549,900Range$422,000 – $749,900Price per Sq Ft$214 / $189Sq Ft2,802 / 2,896DOM86 / 92New1Total15
Single Family
Avg/Median Price$408,443 / $398,000Range$245,000 – $950,000Price per Sq Ft$269 / $254Sq Ft1,622 / 1,619DOM67 / 37New6Total57
Townhouse
Avg/Median Price$327,931 / $325,000Range$144,000 – $485,604Price per Sq Ft$237 / $246Sq Ft1,357 / 1,314DOM58 / 39New9Total38
Sales by Bedroom Count
1 Beds
Avg:$260,000Median:$260,000Range:$260,000 – $260,000PSF:$212 / $212Sq Ft:1,224 / 1,224DOM:180 / 180New:0Total:1
2 Beds
Avg:$235,245Median:$250,000Range:$25,000 – $345,000PSF:$230 / $247Sq Ft:1,016 / 1,008DOM:90 / 75New:0Total:24
3 Beds
Avg:$396,374Median:$399,000Range:$165,000 – $950,000PSF:$255 / $254Sq Ft:1,561 / 1,582DOM:56 / 17New:11Total:48
4 Beds
Avg:$409,879Median:$405,000Range:$299,900 – $499,000PSF:$239 / $244Sq Ft:1,756 / 1,686DOM:56 / 37New:2Total:19
5 Beds
Avg:$466,944Median:$489,900Range:$359,000 – $519,000PSF:$204 / $210Sq Ft:2,178 / 2,116DOM:39 / 32New:2Total:9
6 Beds
Avg:$628,540Median:$719,900Range:$422,000 – $749,900PSF:$244 / $243Sq Ft:2,625 / 2,160DOM:101 / 119New:0Total:5
7 Beds
Avg:$819,995Median:$749,990Range:$749,990 – $890,000PSF:$597 / $161Sq Ft:2,766 / 862DOM:63 / 24New:0Total:2
8 Beds
Avg:$624,178Median:$625,000Range:$545,900 – $700,000PSF:$189 / $189Sq Ft:2,896 / 2,896DOM:94 / 101New:1Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $260,000 | $260,000 | $260,000 – $260,000 | $212 / $212 | 1,224 / 1,224 | 180 / 180 | 0 | 1 |
| 2 Beds | $235,245 | $250,000 | $25,000 – $345,000 | $230 / $247 | 1,016 / 1,008 | 90 / 75 | 0 | 24 |
| 3 Beds | $396,374 | $399,000 | $165,000 – $950,000 | $255 / $254 | 1,561 / 1,582 | 56 / 17 | 11 | 48 |
| 4 Beds | $409,879 | $405,000 | $299,900 – $499,000 | $239 / $244 | 1,756 / 1,686 | 56 / 37 | 2 | 19 |
| 5 Beds | $466,944 | $489,900 | $359,000 – $519,000 | $204 / $210 | 2,178 / 2,116 | 39 / 32 | 2 | 9 |
| 6 Beds | $628,540 | $719,900 | $422,000 – $749,900 | $244 / $243 | 2,625 / 2,160 | 101 / 119 | 0 | 5 |
| 7 Beds | $819,995 | $749,990 | $749,990 – $890,000 | $597 / $161 | 2,766 / 862 | 63 / 24 | 0 | 2 |
| 8 Beds | $624,178 | $625,000 | $545,900 – $700,000 | $189 / $189 | 2,896 / 2,896 | 94 / 101 | 1 | 5 |
Rental Market Overview
Median Rent
$1,650
0.0%
Median DOM
5
+400.0%
New Listings
18
Inventory
184
−11.5%
- Average Rent: $1,724
- Median Rent: $1,650
- Rent Range: $650 – $4,002
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,185 / 1,068
- Square Footage Range: 300 – 3,772
- Days on Market (Avg/Median): 40 / 5
- Days on Market Range: 1 – 301
- New Listings: 18
- Total Listings: 184
Rentals by Property Type
Apartment
$1,541
Median DOM: 1
Inventory: 101
MoM: 0.0%
Condo
$1,399
Median DOM: 29
Inventory: 5
MoM: 0.0%
Single Family
$2,050
Median DOM: 31
Inventory: 55
MoM: 0.0%
Townhouse
$1,589
Median DOM: 15
Inventory: 23
MoM: 0.0%
Apartment
Avg/Median Rent$1,610 / $1,541Range$650 – $4,002Rent per Sq Ft$2 / $2Sq Ft983 / 905DOM39 / 1New8Total101
Condo
Avg/Median Rent$1,370 / $1,399Range$950 – $1,700Rent per Sq Ft$2 / $2Sq Ft1,013 / 924DOM40 / 29New1Total5
Single Family
Avg/Median Rent$2,047 / $2,050Range$675 – $3,399Rent per Sq Ft$1 / $1Sq Ft1,610 / 1,530DOM43 / 31New5Total55
Townhouse
Avg/Median Rent$1,530 / $1,589Range$900 – $2,300Rent per Sq Ft$1 / $1Sq Ft1,105 / 1,085DOM38 / 15New4Total23
Rentals by Bedroom Count
Studio
Avg:$1,000Median:$720Range:$650 – $1,679PSF:$3 / $2Sq Ft:372 / 340DOM:256 / 256New:0Total:4
1 Beds
Avg:$1,332Median:$1,430Range:$675 – $2,050PSF:$2 / $2Sq Ft:798 / 737DOM:39 / 1New:3Total:35
2 Beds
Avg:$1,582Median:$1,499Range:$925 – $4,002PSF:$2 / $2Sq Ft:1,041 / 1,037DOM:42 / 1New:5Total:74
3 Beds
Avg:$1,991Median:$2,006Range:$1,000 – $2,839PSF:$1 / $1Sq Ft:1,369 / 1,341DOM:33 / 15New:9Total:52
4 Beds
Avg:$2,405Median:$2,400Range:$1,849 – $3,399PSF:$1 / $1Sq Ft:1,973 / 1,743DOM:44 / 31New:1Total:17
5 Beds
Avg:$2,575Median:$2,550Range:$2,550 – $2,600PSF:$1 / $1Sq Ft:2,831 / 2,000DOM:57 / 31New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,000 | $720 | $650 – $1,679 | $3 / $2 | 372 / 340 | 256 / 256 | 0 | 4 |
| 1 Beds | $1,332 | $1,430 | $675 – $2,050 | $2 / $2 | 798 / 737 | 39 / 1 | 3 | 35 |
| 2 Beds | $1,582 | $1,499 | $925 – $4,002 | $2 / $2 | 1,041 / 1,037 | 42 / 1 | 5 | 74 |
| 3 Beds | $1,991 | $2,006 | $1,000 – $2,839 | $1 / $1 | 1,369 / 1,341 | 33 / 15 | 9 | 52 |
| 4 Beds | $2,405 | $2,400 | $1,849 – $3,399 | $1 / $1 | 1,973 / 1,743 | 44 / 31 | 1 | 17 |
| 5 Beds | $2,575 | $2,550 | $2,550 – $2,600 | $1 / $1 | 2,831 / 2,000 | 57 / 31 | 0 | 2 |
6-Month Sales Trend
Feb 2026
Median Price:$345,000Median DOM:31New:23Total:104
Mar 2026
Median Price:$350,000Median DOM:32New:30Total:112
Apr 2026
Median Price:$374,900Median DOM:32New:27Total:112
May 2026
Median Price:$375,000Median DOM:30New:41Total:125
Jun 2026
Median Price:$385,000Median DOM:32New:37Total:130
Jul 2026
Median Price:$399,000Median DOM:38New:17Total:133
6-Month Rental Trend
Feb 2026
Median Rent:$1,790Median DOM:10New:100Total:194
Mar 2026
Median Rent:$1,762Median DOM:1New:101Total:225
Apr 2026
Median Rent:$1,731Median DOM:1New:111Total:237
May 2026
Median Rent:$1,666Median DOM:1New:105Total:231
Jun 2026
Median Rent:$1,650Median DOM:1New:61Total:208
Jul 2026
Median Rent:$1,650Median DOM:5New:18Total:184
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing remained stable, while total rental inventory tightened.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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