ZIP 85004 (Phoenix, AZ) Housing Market & Real Estate Update — February 23, 2026
85004 – February 23, 2026 – ZIP 85004 (Phoenix) sees tight for-sale supply, mixed price signals across datasets, and rents hovering around $1.7K-$1.8K.
ZIP 85004 covers parts of central Phoenix in Maricopa County, including Downtown/Central City. Here’s a quick ‘quiet update’ based on the latest public market dashboards for the ZIP.
Top takeaways
- Mortgage rates eased again: Freddie Mac’s weekly average 30-year fixed was 6.01% (02/19/2026).
- For-sale supply is still tight (roughly ~50 active listings across major trackers), but appears higher than a year ago on at least one dataset.
- Prices are sending mixed signals depending on the source and the condo vs. single-family mix in a given month.
Market snapshot (for-sale)
Realtor.com’s ZIP dashboard (reporting period: December 2025) shows a $465,000 median home price, about $353/sq ft, around 55 active listings, and roughly 108 average days on market. It also shows a 97% sale-to-list ratio (homes closing a bit under ask on average).
Zillow’s Home Value Index view (data through January 31, 2026) puts the typical home value near $428,546 (down 2.5% year over year) and shows 48 homes in for-sale inventory. Redfin’s view for January 2026 reports a $544,500 median sale price, 14 homes sold, and about 118–119 days on market.
Practical read: in 85004, one month of higher-end condo closings can lift the median quickly. If you’re pricing a home, lean on comparable sales and price per sq ft, then sanity-check against days on market.
Rates + affordability check
Freddie Mac’s PMMS shows the weekly average 30-year fixed at 6.01% and the 15-year fixed at 5.35% as of February 19, 2026. Even small rate moves can change what buyers qualify for, so it’s worth updating your payment estimates before you tour this week.
Rentals: lots of active options
Realtor.com’s rental snapshot for 85004 lists about 373 active rentals (Dec 2025) with a median rent near $1,694/mo. Zillow’s rent index shows an average rent around $1,789 (Jan 31, 2026). If you’re renewing, that level of selection can support negotiation on concessions or parking.
What’s for sale nearby (no addresses)
- Downtown condos/townhomes: a big share of inventory; compare HOA dues, building rules, and insurance requirements.
- Under $500K: often smaller condos or older townhomes; watch total monthly carrying cost, not just price.
- Historic-neighborhood single-family: condition and renovation quality drive wide price spreads.
ServiceXTC local pros
We didn’t have verified ServiceXTC directory pages to cite for ZIP 85004 in today’s pull. For closings/listings, the most common ‘deadline’ services are a home inspection, HVAC servicing, and small electrical repairs.
What are you noticing in 85004 right now—more price cuts, fewer showings, or faster-moving move-in-ready units?
Sources
- UnitedStatesZipCodes.org ZIP 85004 profile
- Realtor.com market overview for ZIP 85004
- Zillow 85004 home values and rent trends
- Redfin 85004 housing market
- Freddie Mac PMMS weekly mortgage rates