ZIP 85016 · Phoenix

Every number below comes from recorded sales, not sentiment.

Latest three complete months of ARMLS single-family sales in 85016. One-year $/sqft change: 1.3%. Three-year: 5.2%.

What sold here in the last three months

Out of the 106 homes that closed in April to June 2026, here is the bedroom count buyers actually bought. Median 2.0 bathrooms.

Where 85016 sits

The shaded area is ZIP 85016. Streets and highways stay visible so you can orient yourself. Map data from OpenStreetMap.

Is 85016 expensive right now

Against its own 22-year track record, 85016 is running about 11% hotter than it usually does relative to the rest of the Valley. Sellers are getting a premium. Buyers should know they are paying one. That premium and the buyer's-market call above are not a contradiction. One is about where prices sit, the other is about which way they are being pushed. 85016 re-rated over the past decade, and right now the market is catching its breath, so buyers negotiate hard from a higher base.

This is a finished neighborhood. Builders moved on decades ago, so the 14,464 homes here are the whole story. Most were built around 1971. The large majority predate 1980, so walk in expecting older roofs, plumbing and electrical panels, and budget the inspection accordingly. 19% of the homes are landlord-owned, which is typical for the Valley.

When 85016 was built

The age profile of the 12,744 homes here with a recorded build year. The copper bar is the decade that defines this neighborhood. Age tells you what to inspect: a 1970s ZIP means original plumbing and panels are still out there, while a 2020s ZIP is mostly under builder warranty.

Twenty-two years of price history

Over the last 10 years this ZIP appreciated 115%. In the 2008 crash it drew down 57% peak to trough, which is the honest measure of how it behaves when the market turns.

Where prices actually land

From 304 sales in the last 12 months (July 2025 to June 2026). Half of everything sold between the 25th and 75th percentile lines.

	$/sqft	Sold price
Bottom of the market (p10)	$292
25th percentile	$339	$542,666
Median	$410	$762,406
75th percentile	$518	$1,262,733
Top of the market (p90)	$630

Price per square foot falls as homes get bigger, so a large home should be judged against its own size band, not the ZIP overall.

Size band	Median $/sqft	Sales
Under 1,400 sqft	$393/sqft	56
1,400 to 1,900 sqft	$369/sqft	87
1,900 to 2,600 sqft	$405/sqft	84
Over 2,600 sqft	$530/sqft	77

What this means for you

Short-term rentals

62 licensed short-term rentals operate in 85016 (City of Phoenix registry). Profile: 58% have a pool, median last sale $582K, 44% professionally managed. The archetype here is mixed. If you are weighing a purchase for STR use, this is proven demand territory, and also proven competition.