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Rental Insights for ZIP Code 85021 (Phoenix, AZ)

Housing Rentals in ZIP Code 85021 (Phoenix, AZ)

85021 ZIP Code in Arizona

Everything to Know About Rentals in the U.S. ZIP Code 85021

ZIP Code 85021 is primarily associated with Phoenix, AZ in Maricopa County. The median housing rent payment in this region of Arizona is $895 per month. About 62.5% of housing units in this Maricopa County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 8.6%.

The median rent in ZIP Code 85021 of $895 per month is 15% lower than the aggregate Arizona median monthly rent of $1,052, and is 16% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 59.2% of residents in ZIP Code 85021 pay between $500 and $999 per month for rent. That is 51% higher than in Arizona overall, in which 39.3% of total state residents pay between $500 and $999 per month for housing. Just 0.2% of renters in this Phoenix, AZ region pay between $2,500 and $2,999 per month for rent.

ZIP Code 85021 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 85021

See the chart below for a comparison of monthly rental costs in ZIP Code 85021, Arizona, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 85021 along with those in the state of Arizona and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 85021

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 85021 Arizona U.S.
Less than $500 4.4% 6.0% 9.4%
$500 to $999 59.2% 39.3% 36.2%
$1,000 to $1,499 28.7% 37.0% 30.0%
$1,500 to $1,999 3.0% 12.8% 14.0%
$2,000 to $2,499 3.9% 3.0% 5.6%
$2,500 to $2,999 0.2% 0.9% 2.4%
$3,000 or more 0.6% 0.9% 2.4%

Rent Cost vs. Income in ZIP Code 85021

Renters in ZIP Code 85021 use an estimated 30.52% of their income to cover their monthly rent payments. That is about 3% higher than in Arizona overall. The estimate for Arizona overall is 29.54% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 85021 renters use about 2% more of their income to cover rent expense. Household income figures for ZIP Code 85021 come in lower than in Arizona as a whole. The median annual household income in ZIP Code 85021 of $44,511 sits approximately 24% lower than the overall Arizona median income of $58,945 and approximately 29% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 85021

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 85021, Arizona, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 85021 along with the same calculations in the state of Arizona and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 85021

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 85021 Arizona U.S.
Less than 15.0 percent 13.9% 12.9% 13.1%
15.0 to 19.9 percent 11.4% 13.6% 12.9%
20.0 to 24.9 percent 10.3% 13.7% 12.9%
25.0 to 29.9 percent 11.0% 11.9% 11.6%
30.0 to 34.9 percent 9.0% 8.9% 9.1%
35.0 percent or more 44.4% 39.1% 40.5%

Household Income in ZIP Code 85021

See the table below for the regional comparison of annual household income in ZIP Code 85021.

Income ZIP 85021 Arizona U.S.
Less than $10,000 9.4% 6.4% 6.0%
$10,000 to $14,999 5.3% 4.0% 4.3%
$15,000 to $24,999 13.1% 9.2% 8.9%
$25,000 to $34,999 12.4% 9.5% 8.9%
$35,000 to $49,999 14.4% 13.5% 12.3%
$50,000 to $74,999 15.6% 18.6% 17.2%
$75,000 to $99,999 8.9% 12.9% 12.7%
$100,000 to $149,999 10.1% 14.3% 15.1%
$150,000 to $199,999 4.5% 5.8% 6.8%
$200,000 or more 6.2% 5.9% 7.7%

Household Income in ZIP Code 85021

See the chart below for a comparison of annual household income figures in ZIP Code 85021, Arizona, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 85021 alongside the same figures for the state of Arizona and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 85021

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 85021.

ZIP 85021 Arizona U.S.
Median Housing Rent $895 $1,052 $1,062
Renter-Occupied Housing Units 62.5% 35.6% 36.0%
Rental Vacancy Rate 8.6% 6.2% 6.0%
Average Size of Renter-Occupied Unit 2.54 2.65 2.49
Average # of Bedrooms Per Unit 2.22 2.74 2.75
Percent of Income Spent on Rent 30.52% 29.54% 29.83%
Per Capita Income $28,281 $30,694 $34,103
Median Household Income $71,653 $80,779 $88,607
Living Below the Poverty Line 19.8% 10.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 85021

In ZIP Code 85021 (Phoenix, AZ), and estimated 62.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 8.6%.

The per capita income in 85021 is estimated at $28,281, which goes along with an estimated median household income of $71,653. About 19.8% of residents in this Maricopa County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.54 occupants, while the units have an aggregate average size of 2.22 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.52% of their income on housing rental costs.

Rental FAQs for ZIP Code 85021

1

What is the median monthly rent in ZIP Code 85021?

Median rent for housing in ZIP Code 85021 in Maricopa County in Arizona is approximately $895 per month.
2

Is it expensive to rent in ZIP Code 85021?

Rent in ZIP Code 85021 is lower than average in the state of Arizona overall. The median monthly rent of $895 in ZIP Code 85021 is approximately 15% lower than the Arizona median of $1,052. Additionally, median rent in this Phoenix, AZ region ($895) is about 16% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 85021?

High-priced rentals are less common in ZIP Code 85021 than in Arizona overall. The percentage of rentals in ZIP Code 85021 that cost $3,000 or more per month (0.6%) is about 33% lower than the Arizona rate of 0.9% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 75% higher than the aforementioned 85021 rate of 0.6%.
4

Are affordable rentals common in ZIP Code 85021?

Affordable rentals are more common in ZIP Code 85021 than in Arizona overall. The percentage of housing rentals in ZIP Code 85021 costing $999 or less per month (63.6%) is approximately 40% higher than the Arizona rate of 45.3% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 39% lower than the previously mentioned 85021 rate of 63.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 85021?

The most common range for rental cost in ZIP Code 85021 is between $500 and $999 per month. About 59.2% of renters in 85021 pay in this range for monthly rent. In comparison, approximately 39.3% of renters in the state of Arizona fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 85021 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 85021 is higher than the rental vacancy rate in the state of Arizona overall. Rental vacancy of 8.6% in ZIP Code 85021 is about 39% higher than the Arizona rate of 6.2%. Looking more broadly, rental vacancy in this Phoenix, AZ region (8.6%) is an estimated 43% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 85021? How does it compare to other Arizona regions?

Median household income in ZIP Code 85021 is lower than in the state of Arizona overall. Annual household income of $44,511 in ZIP Code 85021 is about 24% lower than the Arizona median of $58,945. Additionally, median household income in this Phoenix, AZ region ($44,511) is approximately 29% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 85021 spend on housing costs?

Renters in ZIP Code 85021 spend a higher amount of their income on rent costs than do renters in Arizona overall. Renters in ZIP Code 85021 spend an estimated 30.52% of their income on rent payments, which is about 3% higher than the overall Arizona estimated rate of 29.54%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 2% lower than the ZIP Code 85021 estimated rate of 30.52%.
9

Do renters in ZIP Code 85021 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 85021 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 85021 spending 30 percent or more of their income on rent costs (53.4%) is approximately 11% higher than the Arizona rate of 48% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 8% lower than the aforementioned 85021 rate of 53.4%.
10

What is the average household size of renter-occupied units in ZIP Code 85021?

The average household size of renter-occupied units in ZIP Code 85021 is lower than in the state of Arizona overall. Annual household size of 2.54 in ZIP Code 85021 is about 4% lower than the Arizona median of 2.65. Additionally, median household size in this Phoenix, AZ region (2.54) is approximately 2% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Arizona ZIP Codes