Phoenix - 85023

As of October of 2024, Homes in 85023 ZIP Code have appreciated by 3.06%, with the median home value standing at $431,879, according to Zillow.

There are currently 86 active short-term rentals in 85023 ZIP Code. The average daily rate for these rentals is $260. This translates to an annual revenue of $44,186 for short-term rentals as of October of 2024.

85023 ZIP Code is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.

As of October of 2024, the average gross yield for short-term rentals in 85023 ZIP Code is 10.26%. However, potential investors should also consider the average property tax, which stands at 0.57% according to SmartAsset.

The median household income in 85023 is $58,231.

As of October of 2024, the occupancy rate for Airbnb rentals in 85023 is 65.5%, which is higher than the average occupancy rate for the United States.

As of October of 2024 The unemployment rate in 85023 ZIP Code is 3.4%, which is lower than the national average of 4.1%.

The most impactful amenities for short-term rentals in 85023 include a Sauna, Ping pong table, and Babysitter recommendations.

85023 ZIP Code is a popular destination for travelers, with Airbnb demand coming from cities like Phoenix, AZ (5.05% of all guests), Los Angeles, CA (2.90% of all guests), and Tucson, AZ (2.18% of all guests).

The top short-term rental hosts in 85023 ZIP Code include RoomPicks, Evolve and GoodNight. These hosts have an average rating of 4.53, 4.85 and 4.73 respectively.

The most popular property types in 85023 ZIP Code are 2-bedroom units, with an average daily rate of $260 and an annual revenue of $33,343.

The average booking lead time for short-term rentals in 85023 ZIP Code is 52 days.