RentYield Atlas

ZIP 85023 — Phoenix, AZ: rental yield & market data

Gross rental yield of 3.74% — ranked #166 of 193 Arizona ZIP codes. June 2026 data.

Gross rental yield
3.74%
Home value
$420,289
Market rent / mo
$1,308
Price-to-rent
26.8

Trend

Metric1-year change5-year change
Home value-1.9% +13.3%
Market rent-1.0% +4.7%

Metro: Phoenix-Mesa-Chandler, AZ · County: Maricopa County · Annual rent: $15,696

Comparable ZIP codes in Arizona

Similar home values, sorted by yield — the cheapest way to see if 85023 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
85140San Tan ValleyAZ$430,836$2,1776.06%16.5-2.0%
85379SurpriseAZ$424,378$1,9845.61%17.8-1.9%
85392AvondaleAZ$410,810$1,8255.33%18.8-1.6%
85004PhoenixAZ$422,824$1,6164.59%21.8-3.4%
85006PhoenixAZ$414,405$1,5014.35%23.0-2.9%
85307GlendaleAZ$408,569$1,4114.14%24.1-1.1%
85007PhoenixAZ$409,860$1,3754.03%24.8-4.2%
85701TucsonAZ$408,440$1,3593.99%25.0-1.6%

Top rental yields in all of Arizona →

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