The current asking-rent signal in this ZIP sits below each provided wider-area rent context, even as its short-run history has turned positive. In June 2026, Zillow ZORI is $1,384 per month for this ZIP-level market identifier. ZORI is a typical observed asking-rent index blended across rental types, rather than a measure of every advertised unit or a lease transaction. For wider context only, the City of Phoenix context rent is $1,569.45, Maricopa County context rent is $1,729, and the Phoenix-Mesa-Chandler, AZ metro context rent is $1,733. Those city-, county-, and metro-scope figures frame scale, not replacement: they cover wider geographies with distinct rental mixes.
Direct Zillow ZIP ZORI history through June 2026 gives a mixed, backward-looking trajectory. The exact same-month annualized changes are +0.9% over 1 year, −1.2% over 3 years, and +2.0% over 5 years. The recent rise therefore breaks from the intermediate decline but accords with the positive longer path; the supplied history category calls the pattern accelerating. Annualized monthly-return variability is 3.1%, and maximum drawdown is −6.2%, so the current ZORI snapshot merits moderate rather than absolute confidence. Coverage is 100%. Transparent national discovery ranks among history-eligible ZIPs are 2,293 for momentum, 1,782 for stability, and 2,438 for balanced performance, with lower ranks higher. These backward-looking measurements are not a forecast or investment recommendation.
The label 85022 is both Zillow’s ZIP market identifier and the matched Census ZCTA; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP. In the ACS 2024 five-year survey, median gross rent is $1,623 with a $46 margin of error. That survey represents occupied renter homes and includes selected utilities, unlike a Zillow asking-rent index. The current ZORI is 14.7% below that ACS median, but the gap is a cross-universe comparison—not evidence that any available home is underpriced, utility-inclusive, or comparable by size. Different timing, tenure, renter occupancy, and rent concepts prevent a direct substitution.
The bedroom view is deliberately modelled rather than observed. HUD’s FY2026 FMR/SAFMR ladder is an administrative, bedroom-specific standard—not asking rent—and its local standard runs from $1,570 for a studio to $2,930 at the highest supplied bedroom category. Scaling the ZIP ZORI by that local HUD ladder produces modelled monthly estimates of $1,097, $1,188, $1,384, $1,845, and $2,048, respectively, across the supplied studio-to-four-bedroom ladder. These are modelled estimates, never measured bedroom rents. Their value is an internally consistent sizing guide tied to the ZIP index and HUD ratios, while an individual listing’s actual bedroom count, condition, utilities, and terms can depart from the estimates.
On an arithmetic income screen, allocating 30% of gross income to the current ZIP ZORI corresponds to required annual income of $55,360. The ACS ZCTA-wide median household income is $69,927, but it is not a renter-income distribution and does not identify what a household in any particular unit earns. Separately, the ACS burden measure reports 56.8% of renter households spending at least that threshold on rent, or 6,471 households. This is above the City of Phoenix context share of 51.8% and the Maricopa County context share of 52.6%, although both are wider-area context values. The screen is arithmetic, not advice or an applicant qualification rule; likewise, the burden share describes surveyed renter households and cannot prove affordability, payment stress, or availability for a particular unit.
ACS housing-stock measures add another tension: the ZCTA’s renter share is 47.7%, while 1,498 housing units are vacant, a 5.9% vacancy rate. The vacancy total has categories and is not a count of homes ready to lease; 489 units are classified vacant for rent in the survey, which still does not establish current listing availability. The stock includes 12,617 single-family units and 5,957 units in large multifamily structures, showing that both structure groups materially exist in the area without revealing bedroom-specific rental supply. These are ZCTA survey measures, not Zillow listings, and vacancy or tenure data cannot establish the condition, price, or terms of a particular home.
Taken together, the useful tension is a ZIP asking index below the named city, county, and metro contexts, a recent positive move after an intermediate decline, and a renter burden share that remains descriptive rather than unit-specific. Limits are material: ZORI blends rental types, ACS is a lagged multi-year survey, HUD is a standard, and modelled bedroom estimates inherit the ladder’s assumptions. The available data do not reveal a live unit’s net effective rent. Before relying on any figure, check the property’s advertised rent, lease length, move-in charges, recurring fees, included utilities, bedroom count, property type, availability date, concessions, and whether the offer is still active. Which listing-specific price and terms would make the broad ZIP signal meaningfully different for the home being evaluated?
","findings":[{"body":"The latest same-month Zillow history shows a positive short-run change after a negative intermediate annualized path, while the longer annualized path remains positive. That pattern supports reading the current index as a recovery within a mixed record, not as an established trend. Recorded variability and drawdown further limit confidence in any single month as a durable benchmark.","title":"Recent uptick against a mixed history"},{"body":"Zillow ZORI reflects typical observed asking rents across blended rental types. ACS gross rent summarizes occupied renter homes and includes selected utilities, while HUD applies a bedroom-specific administrative standard. The spread among them is informative about definitions and timing, but it does not license substituting one source for another or pricing an individual listing.","title":"Three rent concepts, different uses"},{"body":"The bedroom ladder is calculated by scaling the ZIP ZORI with local HUD relationships. It provides a consistent way to compare studio through larger-bedroom levels, but it is not a dataset of observed asking rents by bedroom. Property type, included utilities, condition, availability, fees, and lease terms remain outside the model and require listing-specific verification.","title":"Bedroom figures are scaled estimates"},{"body":"Survey burden, tenure, structure, and vacancy measures describe groups of homes and households in the matched ZCTA. They cannot verify a unit’s rent, condition, vacancy, or an applicant’s ability to pay. Use them to identify evidence scope, then compare an active property’s full advertised terms with the relevant asking-index and modelled-bedroom context.","title":"Burden and vacancy are descriptive"}],"risks":["ZORI is a blended asking-rent index, so a current figure may not match a specific property’s bedroom count, structure type, included utilities, lease term, concessions, or recurring charges.","ACS figures come from a matched ZCTA five-year survey of occupied renter homes; the statistical area is not identical to a USPS delivery ZIP and may differ in timing and rent concept.","HUD FMR or SAFMR values are administrative standards rather than observed asks, and the bedroom outputs inherit both the local HUD ratios and the ZIP-level index assumptions.","Vacancy and rent-burden statistics are area-level survey descriptions; neither proves that a particular listing is available, affordable, properly classified, or representative of current rental terms."],"qa":[{"a":"They refer to different universes. Zillow summarizes typical observed asking rents across blended rental types; ACS summarizes surveyed occupied renter homes and includes selected utilities; HUD sets an administrative bedroom standard. Geography, timing, utility treatment, and purpose differ, so the figures are contextual comparisons rather than interchangeable price quotes.","q":"Why do Zillow, ACS, and HUD present different rent amounts?"},{"a":"The bedroom figures are modelled estimates. They begin with the ZIP-wide Zillow index and scale it through the local HUD bedroom ladder. They do not observe bedroom-specific listings or leases, so an actual property can differ because of type, condition, included utilities, fees, availability, and negotiated terms.","q":"Are the bedroom figures measured rents for each unit size?"},{"a":"No. The stated screen is only arithmetic: it translates the ZIP asking index into an annual gross-income amount using a specified rent share. It is not advice, underwriting, or an applicant rule. The survey burden result is likewise descriptive of renter households, not proof of any household’s financial position.","q":"Does the income screen determine whether someone qualifies for a home?"},{"a":"Confirm advertised base rent, bedroom count, property type, lease duration, move-in charges, recurring fees, utility inclusions, concessions, availability date, and active status. Then compare those specific terms with the appropriate evidence universe. Do not infer current availability, unit quality, or affordability solely from survey vacancy, burden, or ZIP index data.","q":"What should be verified against a live listing?"}],"sources":[{"key":"apartment_list_time_on_market","name":"Apartment List Time on Market — listing liquidity","release":"Apartment List 2026-07","pulledAt":"2026-08-08","url":"https://www.apartmentlist.com/research/category/data-rent-estimates"},{"key":"apartment_list_vacancy","name":"Apartment List Vacancy Index — rental vacancy","release":"Apartment List 2026-07","pulledAt":"2026-08-08","url":"https://www.apartmentlist.com/research/apartment-list-vacancy-index-methodology"},{"key":"census_zcta_facts","name":"Census ACS five-year — ZCTA housing and income","release":"ACS 2024 5-year ZCTA","pulledAt":"2026-08-08","url":"https://api.census.gov/data/2024/acs/acs5.html"},{"key":"hud_zip","name":"HUD USPS crosswalk and Small Area FMRs — ZIP rent fallback","release":"ZIP-CBSA 2025Q4 + SAFMR 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