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Housing market/Arizona/ZIP 85008

ACS 2023 · FY2027 SAFMR

ZIP 85008 Phoenix, Arizona

Phoenix-Mesa-Chandler, AZ MSA · Arizona. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
60,499
Households
22,802
Median HH income
$61,369
Renter share
69.2%
Median gross rent
$1,300
Vacancy
7.0%
Pop. change
-4.0%
2BR SAFMR
$1,480
SAFMR / rent
1.138×
2–49 unit stock
10,962
LIHTC proj / units
11 / 994
HUD assisted MF
6 / 398

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 85008 · AZ — sent to you.

ZIP 85008 · AZ

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ACS rent vs 2BR SAFMR

ZIP 85008 — Phoenix, AZ HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,300
2BR SAFMR$1,480
90% floor$1,332
110% ceiling$1,628

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 85008

  • 1-unit detached8,36434.2%
  • 1-unit attached8753.6%
  • 2–4 units3,34113.7%
  • 5–49 units7,62131.1%
  • 50+ units2,91411.9%
  • Mobile1,3555.5%
TypeUnitsShare
1-unit detached8,36434.1%
1-unit attached8753.6%
2 units (duplex)8363.4%
3–4 units2,50510.2%
5–9 units1,9097.8%
10–19 units3,41914.0%
20–49 units2,2939.4%
50+ units2,91411.9%
Mobile1,3555.5%

2–4 unit share 13.6% · 5–49 unit share 31.1% · combined 2–49 44.7%.

Units by bedrooms

Studio
1,798
1BR
5,701
2BR
9,035
3BR
5,910
4BR
1,898
5+
166

Rent burden

Rent ≥30% of income40.7%
Rent ≥50% of income15.8%
  • ACS median gross rent $1,300 (all bedrooms, occupied rentals).
  • Median contract rent $1,157.
  • Renters paying ≥30% of income 40.7%; ≥50% 15.8%.
  • FY2027 2BR SAFMR $1,480 (1.138× ACS median gross rent).

Population

60,499 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -4.0%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 11 projects, 994 units.
  • HUD project-based assisted MF: 6 properties, 398 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 13,304 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 85008 69.2% of occupied households are renters; vacancy is 7.0%; ACS median gross rent is $1,300; population changed -4.0% between the 2018 and 2023 ACS vintages; the housing stock includes 3,341 units in 2–4-unit structures and 7,621 units in 5–49-unit structures; 11 LIHTC projects totaling 994 units; FY2027 2BR SAFMR is $1,480 versus ACS median gross rent of $1,300. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Arizona research

ZIP 85008 is a Census / HUD profile for Phoenix-Mesa-Chandler, AZ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 85008 — Phoenix, AZ HUD Section 8 Payment Standards / SAFMR·Arizona ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
85001Phoenix-Mesa-Chandler, AZ MSA——$1,74085002Phoenix-Mesa-Chandler, AZ MSA——$1,74085003Phoenix-Mesa-Chandler, AZ MSA70.1%$1,258$1,61085004Phoenix-Mesa-Chandler, AZ MSA76.4%$1,759$1,95085005Phoenix-Mesa-Chandler, AZ MSA——$1,74085006Phoenix-Mesa-Chandler, AZ MSA60.5%$1,168$1,38085007Phoenix-Mesa-Chandler, AZ MSA55.8%$1,079$1,38085009Phoenix-Mesa-Chandler, AZ MSA49.3%$1,128$1,38085010Phoenix-Mesa-Chandler, AZ MSA——$1,74085011Phoenix-Mesa-Chandler, AZ MSA——$1,74085012Phoenix-Mesa-Chandler, AZ MSA61.0%$1,693$1,87085013Phoenix-Mesa-Chandler, AZ MSA57.5%$1,435$1,800

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Arizona research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 85008?

ZIP 85008 (Phoenix-Mesa-Chandler, AZ MSA) has 60,499 residents, 22,802 households, a renter share of 69.2%, median household income of $61,369, and ACS 2023 median gross rent of $1,300. Vacancy is 7.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 85008?

ACS counts 836 units in 2-unit buildings, 2,505 in 3–4 unit buildings, 1,909 in 5–9, 3,419 in 10–19, and 2,293 in 20–49. Combined 2–49 unit stock is 10,962 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 85008?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,480. See the full schedule and 90–110% payment-standard band on the ZIP 85008 — Phoenix, AZ HUD Section 8 Payment Standards / SAFMR.

Does this Arizona ZIP profile include Georgia listings?

No. ZIP 85008 is Census / HUD research for Phoenix-Mesa-Chandler, AZ MSA. Jeff Crowe CRE does not list Arizona property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.