Phoenix, AZ 85016 Multi-family Properties For Sale
The median home value in Phoenix, AZ 85016 is $497,700. This is higher than the county median home value of $456,600. The national median home value is $338,100. The average price of homes sold in Phoenix, AZ 85016 is $497,700. Approximately 42.06% of Phoenix, AZ 85016 homes are owned, compared to 42.98% rented, while 14.96% are vacant. Phoenix, AZ 85016 real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Phoenix, AZ 85016 real estate agent to arrange a tour today!
Learn More About Phoenix, AZ 85016 Real EstateStatistics & facts
35,321
Population
$497K
Medium Home Value
18,082
# of Households
14.96%
Housing Vacancy
49.05%
Future Job Growth
2.90%
Unemployment Rate
Information deemed reliable but not guaranteed. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. The ARMLS logo indicates a property listed by a real estate brokerage other than this broker. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Population
Phoenix, AZ 85016 has a population of approximately 35,321 and experiences a population change rate of -3.01%. The population density is 3,910.7 / sq mi.
Household
The median household income for Phoenix, AZ 85016 is $71,318, with 18,082 households and an average household size of 1.99.
Cost of Living
The cost of living index in Phoenix, AZ 85016 is 125.2%.
Home Value
The median value of a home in Phoenix, AZ 85016 is $497,700 with an appreciation rate of 21.8%. 42.1% of housing in the zip code is owned while 43.0% is rented.
Employment
The unemployment rate in Phoenix, AZ 85016 is 2.90%, and recent job growth is at 1.96%. Future job growth is projected at 49.05%.
Taxes
The sales tax rate in Phoenix, AZ 85016 is 8.60%, while the income tax rate is 4.17%.
Education
School expenditures in Phoenix, AZ 85016 are $10,564, and the school ratio is 18.2:1.
Weather
The average high temperature in July is 105.6 degrees, with an average low temperature in January of 43.4 degrees. The average rainfall is approximately 8.5 inches per year, with 0 inches of snow per year.
Education near Phoenix AZ, 85016
| Metric | City | County |
|---|---|---|
| High School Graduates | 83.54 | 88.84 |
| College Degree - 2 year | 7.98 | 8.92 |
| College Degree - 4 year | 30.58 | 34.36 |
| Graduate Degree | 8.2 | 9.3 |
| Expenditures per Student | $10,564 | $10,564 |
| Students per Teacher | 18.20 | 18.20 |
Elementary Schools near Phoenix AZ , 85016
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Arizona Autism Charter School | KG - 05 | 87 | null | 85014 |
| Empower College Prep | 03 - 07 | 377 | null | 85012 |
| Larry C Kennedy School | KG - 08 | 672 | 19.1 | 85016 |
| Loma Linda Elementary School | PK - 08 | 718 | 19.8 | 85016 |
| Madison Camelview Elementary School | PK - 04 | 689 | 20.6 | 85016 |
| Madison Rose Lane School | PK - 04 | 815 | 18.7 | 85014 |
| Madison Traditional Academy | KG - 08 | 765 | 26.6 | 85014 |
| Phoenix Advantage Charter School | KG - 08 | 520 | null | 85016 |
| Villa Montessori - Phoenix Campus | KG - 08 | 493 | null | 85016 |
Middle Schools near Phoenix AZ , 85016
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Compass Center | 04 - 08 | 5 | 0.9 | 85016 |
| International Commerce Institute | 09 - 12 | 0 | null | 85014 |
| Madison #1 Elementary School | 05 - 08 | 923 | 18.5 | 85016 |
| Madison Park School | 05 - 08 | 423 | 18.4 | 85014 |
| Phoenix Union Cyber High School | 11 - 12 | 0 | null | 85016 |
High Schools near Phoenix AZ , 85016
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Camelback High School | 09 - 12 | 2048 | 18.6 | 85016 |
| Central High School | 09 - 12 | 2251 | 16.5 | 85012 |
| Humanities and Sciences High School - Phoenix | 09 - 12 | 6 | null | 85014 |
| International Commerce High School - Phoenix | 09 - 12 | 430 | null | 85014 |
| Learning Institute the | 07 - 12 | 130 | null | 85014 |
| North High School | 09 - 12 | 2616 | 20.3 | 85014 |
| Suns-Diamondbacks Education Academy | 11 - 12 | 240 | 26.7 | 85014 |
Ungraded Schools near Phoenix AZ , 85016
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| * Mosaica Online High School of Arizona | 09 - 12 | 27 | null | 85016 |
| Basis Phoenix Central Primary | KG - 12 | 590 | null | 85012 |
| International Charter School of Arizona | 05 - 12 | 60 | null | 85016 |
| Madison Highland Prep. | 09 - 10 | 101 | null | 85014 |
| New World Educational Center | KG - 12 | 172 | null | 85014 |
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