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Rental Insights for ZIP Code 85034 (Phoenix, AZ)

Housing Rentals in ZIP Code 85034 (Phoenix, AZ)

85034 ZIP Code in Arizona

Everything to Know About Rentals in the U.S. ZIP Code 85034

ZIP Code 85034 is primarily associated with Phoenix, AZ in Maricopa County. The median housing rent payment in this region of Arizona is $730 per month. About 79.9% of housing units in this Maricopa County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 3.9%.

The median rent in ZIP Code 85034 of $730 per month is 31% lower than the aggregate Arizona median monthly rent of $1,052, and is 31% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 31.5% of renters in ZIP Code 85034 pay between $500 and $999 per month for housing. That is 20% lower than in Arizona overall, in which 39.3% of total state residents pay between $500 and $999 per month for housing. Just 1.4% of renters in this Phoenix, AZ region pay between $2,000 and $2,499 per month for rent.

ZIP Code 85034 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 85034

See the chart below for a comparison of monthly rental costs in ZIP Code 85034, Arizona, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 85034 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 85034

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

Cost ZIP 85034 Arizona U.S.
Less than $500 31.2% 6.0% 9.4%
$500 to $999 31.5% 39.3% 36.2%
$1,000 to $1,499 29.7% 37.0% 30.0%
$1,500 to $1,999 6.3% 12.8% 14.0%
$2,000 to $2,499 1.4% 3.0% 5.6%
$2,500 to $2,999 0.0% 0.9% 2.4%
$3,000 or more 0.0% 0.9% 2.4%

Rent Cost vs. Income in ZIP Code 85034

Renters in ZIP Code 85034 use an estimated 30.1% of their income to cover their monthly rent payments. That is about 2% 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 85034 renters use about 1% more of their income to cover rent expense. Household income figures for ZIP Code 85034 come in lower than in Arizona as a whole. The median annual household income in ZIP Code 85034 of $30,130 sits approximately 49% lower than the overall Arizona median income of $58,945 and approximately 52% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 85034

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 85034, 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 85034 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 85034

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

Rent Cost as % of Income ZIP 85034 Arizona U.S.
Less than 15.0 percent 11.6% 12.9% 13.1%
15.0 to 19.9 percent 12.8% 13.6% 12.9%
20.0 to 24.9 percent 12.5% 13.7% 12.9%
25.0 to 29.9 percent 14.1% 11.9% 11.6%
30.0 to 34.9 percent 8.2% 8.9% 9.1%
35.0 percent or more 40.8% 39.1% 40.5%

Household Income in ZIP Code 85034

See the table below for the regional comparison of annual household income in ZIP Code 85034.

Income ZIP 85034 Arizona U.S.
Less than $10,000 11.7% 6.4% 6.0%
$10,000 to $14,999 12.1% 4.0% 4.3%
$15,000 to $24,999 19.0% 9.2% 8.9%
$25,000 to $34,999 13.1% 9.5% 8.9%
$35,000 to $49,999 14.8% 13.5% 12.3%
$50,000 to $74,999 14.6% 18.6% 17.2%
$75,000 to $99,999 6.8% 12.9% 12.7%
$100,000 to $149,999 6.7% 14.3% 15.1%
$150,000 to $199,999 0.2% 5.8% 6.8%
$200,000 or more 1.1% 5.9% 7.7%

Household Income in ZIP Code 85034

See the chart below for a comparison of annual household income figures in ZIP Code 85034, Arizona, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 85034 alongside the same figures for the state of Arizona and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 85034

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 85034.

ZIP 85034 Arizona U.S.
Median Housing Rent $730 $1,052 $1,062
Renter-Occupied Housing Units 79.9% 35.6% 36.0%
Rental Vacancy Rate 3.9% 6.2% 6.0%
Average Size of Renter-Occupied Unit 2.44 2.65 2.49
Average # of Bedrooms Per Unit 1.74 2.74 2.75
Percent of Income Spent on Rent 30.1% 29.54% 29.83%
Per Capita Income $17,734 $30,694 $34,103
Median Household Income $41,988 $80,779 $88,607
Living Below the Poverty Line 34.7% 10.8% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 85034

In ZIP Code 85034 (Phoenix, AZ), and estimated 79.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.9%.

The per capita income in 85034 is estimated at $17,734, which goes along with an estimated median household income of $41,988. About 34.7% of residents in this Maricopa County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.44 occupants, while the units have an aggregate average size of 1.74 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.1% of their income on housing rental costs.

Rental FAQs for ZIP Code 85034

1

What is the median monthly rent in ZIP Code 85034?

Median rent for housing in ZIP Code 85034 in Maricopa County in Arizona is approximately $730 per month.
2

Is it expensive to rent in ZIP Code 85034?

Rent in ZIP Code 85034 is lower than average in the state of Arizona overall. The median monthly rent of $730 in ZIP Code 85034 is approximately 31% lower than the Arizona median of $1,052. Additionally, median rent in this Phoenix, AZ region ($730) is about 31% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 85034?

High-priced rentals are not common in the Phoenix, AZ ZIP Code of 85034, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Arizona overall, approximately 0.9% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 85034?

Affordable rentals are more common in ZIP Code 85034 than in Arizona overall. The percentage of housing rentals in ZIP Code 85034 costing $999 or less per month (62.7%) is approximately 38% 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 38% lower than the previously mentioned 85034 rate of 62.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 85034?

The most common range for rental cost in ZIP Code 85034 is between $500 and $999 per month. About 31.5% of renters in 85034 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 85034 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 85034 is lower than the rental vacancy rate in the state of Arizona overall. Rental vacancy of 3.9% in ZIP Code 85034 is about 37% lower than the Arizona rate of 6.2%. Looking more broadly, rental vacancy in this Phoenix, AZ region (3.9%) is an estimated 35% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 85034? How does it compare to other Arizona regions?

Median household income in ZIP Code 85034 is lower than in the state of Arizona overall. Annual household income of $30,130 in ZIP Code 85034 is about 49% lower than the Arizona median of $58,945. Additionally, median household income in this Phoenix, AZ region ($30,130) is approximately 52% 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 85034 spend on housing costs?

Renters in ZIP Code 85034 spend a higher amount of their income on rent costs than do renters in Arizona overall. Renters in ZIP Code 85034 spend an estimated 30.1% of their income on rent payments, which is about 2% 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 1% lower than the ZIP Code 85034 estimated rate of 30.1%.
9

Do renters in ZIP Code 85034 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 85034 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 85034 spending 30 percent or more of their income on rent costs (49%) is approximately 2% 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 1% higher than the aforementioned 85034 rate of 49%.
10

What is the average household size of renter-occupied units in ZIP Code 85034?

The average household size of renter-occupied units in ZIP Code 85034 is lower than in the state of Arizona overall. Annual household size of 2.44 in ZIP Code 85034 is about 8% lower than the Arizona median of 2.65. Additionally, median household size in this Phoenix, AZ region (2.44) is approximately 2% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Arizona ZIP Codes