ZIP Code 85003 — Phoenix, AZ Home Prices (2026)

The typical home in ZIP 85003 (Phoenix, Arizona) is worth about $582,000 at roughly $419 per square foot — 39% more expensive than the Phoenix median and 98% more expensive than the typical U.S. home.

$582,000

Typical home value

$419

Price per sq ft

#10 of 43

Phoenix ZIPs by value

+39%

vs Phoenix median

How 85003 compares

ZIP 85003 is one of the pricier ZIP codes in Phoenix: its typical home value of $582,000 ranks #10 of the 43 Phoenix ZIP codes we track (the citywide range runs from $279,000 in 85009 to $985,000 in 85018). Per square foot it costs about $419, against $284 for Phoenix as a whole, $249 for Arizona, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 85003	$582,000	$419
Phoenix, AZ	$418,000	$284
Arizona	$393,000	$249
United States	$294,000	$195

Home value by size in 85003

Using this ZIP’s rate of about $419 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$419,000
1,500 sq ft	$628,500
2,000 sq ft	$838,000
2,500 sq ft	$1,047,500
3,000 sq ft	$1,257,000

Salary needed to buy a home in ZIP 85003

To buy the typical $582,000 home in ZIP 85003 with 20% down, you need a household income of roughly $158,000 a year (about $3,690 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $188,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$29,100	$4,590/mo	$197,000/yr
10% (+PMI)	$58,200	$4,390/mo	$188,000/yr
20%	$116,400	$3,690/mo	$158,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 85003

At about $419 per square foot, here is roughly how much home different budgets get you in ZIP 85003:

Budget	Approx. size	What that looks like locally
$300k	720 sq ft	below the local median — condos, smaller or older homes
$400k	950 sq ft	below the local median — condos, smaller or older homes
$500k	1190 sq ft	around the typical home here
$600k	1430 sq ft	around the typical home here
$750k	1790 sq ft	around the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 85003 home.

Estimate a specific home in 85003

The estimator below is pre-set to ZIP 85003 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Phoenix ZIP codes by home value

Where 85003 sits among Phoenix’s 43 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	85018	$985,000	$520
2	85054	$718,000	$372
3	85028	$705,000	$375
4	85045	$665,000	$283
5	85012	$641,000	$310
6	85085	$638,000	$291
7	85083	$626,000	$261
8	85050	$623,000	$321
9	85048	$583,000	$296
10	85003 (this page)	$582,000	$419
11	85310	$542,000	$294
12	85016	$522,000	$352
13	85024	$487,000	$295
14	85013	$486,000	$330
15	85044	$479,000	$286
16	85022	$465,000	$284
17	85032	$453,000	$308
18	85014	$447,000	$308
19	85339	$443,000	$228
20	85021	$437,000	$299
21	85023	$419,000	$272
22	85004	$418,000	$352
23	85006	$408,000	$373
24	85007	$407,000	$369
25	85020	$407,000	$298
26	85042	$386,000	$264
27	85053	$382,000	$251
28	85027	$381,000	$263
29	85008	$375,000	$298
30	85043	$369,000	$217
31	85041	$368,000	$226
32	85029	$359,000	$250
33	85037	$354,000	$232
34	85051	$345,000	$224
35	85015	$337,000	$246
36	85019	$328,000	$231
37	85031	$326,000	$202
38	85033	$326,000	$228
39	85035	$321,000	$236
40	85040	$321,000	$244
41	85017	$301,000	$201
42	85034	$282,000	$263
43	85009	$279,000	$250

ZIP 85003 home prices: frequently asked

What is the average home price in ZIP code 85003? +

The typical home in ZIP 85003 (Phoenix, AZ) is worth about $582,000 as of 2026. That is 39% more expensive than the Phoenix median of $418,000 and 98% more expensive than the U.S. median of $294,000.

What is the price per square foot in 85003? +

About $419 per square foot in 85003, versus $284 across Phoenix and $249 across Arizona. At that rate a 1,500 sq ft home runs roughly $628,500 and a 2,500 sq ft home about $1,047,500.

What salary do you need to buy a house in ZIP 85003? +

For the typical $582,000 home in ZIP 85003, a household income of about $158,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $188,000; with 5% down about $197,000.

Is 85003 an expensive ZIP code? +

Within Phoenix, 85003 ranks #10 of 43 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Phoenix. Nationally it is relatively expensive.

See the full Phoenix home values page, all Arizona cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.