85040

Each pin links to its listing. ZIP 85040 is highlighted — click a neighboring ZIP once to preview it, again to open its page.

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How active is the 85040 market?

ZIP code 85040 currently has 67 active listings, priced from $25K to $720K.

How much do homes cost in 85040?

The median home in ZIP code 85040 sold for $340,000 across 175 closed sales in the twelve months to August 2026. This is what buyers actually paid, not asking prices.

Is 85040 expensive?

It is more affordable than the metro as a whole. The median sale in ZIP code 85040 was $340,000, against a $465,000 median across the 66,976 Phoenix-area sales in this dataset.

Is 85040 a buyer's or seller's market?

Homes in ZIP code 85040 closed at a median of 100.0% of their asking price and took 67 days to sell, against 98.8% and 73 days across the metro. That leans toward sellers by Phoenix standards. Conditions move month to month, so read this as the trailing year rather than as today's market.

What is the price per square foot in 85040?

Homes in ZIP code 85040 sold for a median of $242 per square foot over the twelve months to August 2026.

How long do homes take to sell in 85040?

Half of the homes that sold in ZIP code 85040 were under contract within 67 days of listing — about typical for the Phoenix market. Measured from listing date to closing across 175 closed sales.

How much have home values in 85040 changed over five years?

The median sale price in ZIP code 85040 has risen 30.8% over five years, from $260,000 to $340,000. Both figures are medians of closed sales, five years apart.

What does it cost to rent in 85040?

The median lease in ZIP code 85040 closed at $1,750 a month across 131 leases in the twelve months to August 2026, about $1.36 per square foot.

Are there condos or townhomes in 85040?

Yes. 21% of homes sold in ZIP code 85040 were condos or townhomes (0% condos, 21% townhomes), with the remaining 79% detached houses.

Do homes in 85040 have pools?

Usually not — only 4% of homes sold in ZIP code 85040 had one.

Do homes in 85040 have HOAs?

58% of homes sold in ZIP code 85040 reported an HOA. Where there is one, the median fee reported at closing was $142.

What is the typical lot size in 85040?

The median lot in ZIP code 85040 is 0.13 acres, about 5,663 square feet.

How old are the homes in 85040?

The median home sold in ZIP code 85040 was built in 2003, making it about 23 years old.

How much do home prices vary within 85040?

Considerably. Across the neighborhoods in ZIP code 85040 with enough sales to measure, median prices run from roughly $140K to $460K, a spread of about 3x. A single ZIP-wide median is a starting point rather than a guide to any particular street, so it is worth looking at comparable sales close to the address you are considering.

What city is 85040 in?

Every home sold in ZIP code 85040 over the past year carried a Phoenix address. Note that a mailing address is not the same as a city limit — check the parcel itself for jurisdiction, taxes and services.

What school district serves 85040?

Roosevelt Elementary District serves most of ZIP code 85040 — it is the district listed on 76% of homes sold over the past year. The high school most often listed is South Mountain High School. District boundaries do not follow ZIP boundaries, so confirm the assignment for a specific address before relying on it.

Is 85040 served by APS or SRP?

Not APS — its certificated territory does not extend into ZIP code 85040. Most of the metro outside APS is served by SRP, but the filing this comes from defines APS's own boundary and does not name whoever serves the remainder, so confirm with the provider. Service territory follows historical boundaries rather than ZIP codes, so check the address.

Is any part of 85040 in a flood zone?

Parts of it are, which is true of most of the Phoenix valley — the desert washes that carry monsoon runoff are mapped as high-hazard even where they cross otherwise dry ground. ZIP code 85040 contains FEMA zones A, AE, AE (Floodway). That says nothing about any particular house: most homes in these ZIPs sit outside the mapped areas. A lender will require flood insurance only if the property itself is inside one, so the check that matters is on the address, not the ZIP.

What ZIP codes border 85040?

ZIP code 85040 borders 85003, 85004, 85007, 85034, 85041, 85042, 85281, and 85282.