Interested in purchasing investment houses in the 85016 zip code in Phoenix, AZ?
The zip code 85016 is in Maricopa county with a latitude of -112.029670000000 and longitude of 33.513590000000, is in the state of Arizona. The average asking price of houses and condos is $408,663.00 and the average sale price was $179,223.00. this regions is classified as the Phoenix metro area and is in the 602 area code. The location in degrees is 33° 30' 48.924" N, 112° 1' 46.812" W. The county F.I.P.S. is 04013. This zip code contains two cities including Phoenix, AZ (99.92%), and Paradise Valley, AZ (0.08%) The total land area is 9.0 square miles and the water area is 0.1 square miles. The elevation in this area is 1204 - 1575 feet. The zip code is on mountain standard time and observes daylight savings time.
The zip 85016 is in county number 013 and is L. Sector 10, L. Segment , H. Sector , and H. Segment . The population was 36,321 in 2019 and 33,896 in 2010. This further breaks down to 18,984 males (52.3%) and 17,336 females (47.7%). The median age of residents is 38.4 years. The population of the greater Phoenix-Mesa-Scottsdale, AZ area is 4,441,244. The population density (people per square mile) is 4,022. This zip code has a combined total of 20,602 houses and condos. There are 9,193 rented appartments. 54% of residents rent versus the 54% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $91,804 and the average salary is $57,250. The median household income of individuals is $49,206.00 and the average is $111,850.00. This zip code has a mean commute time to work of 21.9 minutes. The unemployment rate is 3.4%. Income earners by percent breakdown as 50.80% (Under $50,000), 29.30% ($50,000-$100,000), and 19.90% earn over $100,000. 15.2% of residents live below poverty line versus the 13.5% in the state that are below this line. The cost of living index is 96.6. The educational breakdown is 89.3% have a high school education or higher, 43.5% have a bachelor's degree or higher, and 15.7% have some kind of profesional degree.
This area has 15,969 households and the average size is 2.1 people. Individuals who are single and have never been married are 42.6%, 37.7% are now married, 0.9% are separated, 4.3% are widowed, and 14.5% are divorced. The average yearly contribution amount given by people to charity was $10,383 versus the state average of $4,114. The percent of residents who gave to charity was 27.1%.
The estimated median value of houses and condos is $352,623. The median monthly owner costs of mortgage holders was $1,674, where as the costs for those who don't have a mortgage are $596. The median number of rooms in houses and condos are 5.7 versus apartments which had a median number of 3.3.
The real estate tax percent rate is 0.6% which equated to an average real estate tax amount payment of $2,026. In comparision, the average real estate tax percent rate in the state is 0.6% which equated to an average real estate tax amount payment in the state of $1,578. The median housing property tax percent for residents with mortgages was 0.5% which amounted to an average tax amount of $1,903. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.7% which amounted to an average tax amount of $2,348. Reported taxable interest for persons was $7,877, dividends $17,583, capital gains +$88,425, and itemized deductions $38,477. The average earned income tax credit is $2,124. The percent of individuals that use a tax preparer is 53.5%. The total average income taxes paid by individuals was $12,115. Businesses reported an average profit of $20,440.
Ruth's Chris Steak House
2201 E Camelback Rd Ste 106A, Phoenix, AZ 85016
Texaz Grill
6003 N 16th St, Phoenix, AZ 85016
Smashburger
1949 E Camelback Rd Ste 164, Phoenix, AZ 85016
Schreiner's Fine Sausage
3601 N 7th St, Phoenix, AZ 85014 (1.6 miles away)
Kitchen 56
3433 N 56th St, Phoenix, AZ 85018 (2.5 miles away)
The Breadfruit & Rum Bar
108 E Pierce St, Phoenix, AZ 85004 (3.9 miles away)
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