Phoenix, AZ · standard
ZIP Code 85040
Maricopa County, Arizona - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 29,352
- 1,114/sq mi High-density area
- $60,727
- Median income Below-median income area
- $329,800
- Median home value Above-median home value
- 15.4%
- Bachelor's or higher Below-average bachelor's attainment
National ZIP placement
Phoenix pairs a below-median household income with above-median home values, in a low-density, mixed-tenure area.
- 30th pct
- household income, US ZIPs
- Top 29%
- home value, US ZIPs
- 1,114
- people per sq mi
- 48%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 85040 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 85040 (Phoenix, AZ) fell -2.2% from 2023 to 2024. The all-transactions index moved from 448.6 in 2023 to 438.6 in 2024 (2000 = 100).
ZIP code 85040 is a densely settled ZIP (a standard USPS delivery area) in Phoenix, Maricopa County, Arizona, with 29,352 residents across 26.4 square miles, a density of 1,114 people per square mile, in the Phoenix time zone.
ZIP 85040 reports a modest median household income of $60,727 (16% below the average Arizona ZIP), while per-capita income is $25,719. The poverty rate is 23.2%, so the area-level income figures should not be treated as typical household experience. Median home value is $329,800 (2% below the average Arizona ZIP) and median rent is $1,259; 47.9% of occupied homes are owner-occupied.
Educational attainment sits below the national norm: 15.4% of adults hold a bachelor's degree or higher, the median age is 31, and the average commute is 27 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Maricopa County, so 85040 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 85040
Top 5 sectors by establishment count in Phoenix, AZ
Which industries have the most business establishments in ZIP 85040.
- Wholesale trade
Wholesale trade
256 establishments
- Construction
Construction
214 establishments
- Manufacturing
Manufacturing
164 establishments
- Retail trade
Retail trade
130 establishments
- Administrative and support and waste management and remediation services 100
Administrative and support and waste management and remediation services
100 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 85040, Phoenix, AZ · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
29,352
Population
26.4
Area (sq mi)
1,114
People / sq mi
Phoenix
Time Zone
standard
ZIP Type
Who lives in ZIP 85040?
31.0
Median Age
49.7%
Male
50.3%
Female
23.3%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$60,727
Median Household Income
-16% vs state ZIP avg
$25,719
Per Capita Income
23.2%
Poverty Rate
4.8%
Unemployment Rate
26.5 min
Mean Commute Time
How ZIP 85040 ranks among Arizona ZIPs
Phoenix, AZ household income vs. every Arizona ZIP code
Median household income among 372 reporting Arizona ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$60,727 38th percentile higher than 38% of 372 Arizona ZIPs
Each bar is a $20K-wide band; taller bars hold more Arizona ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
12,193housing units
12,193
Total Housing Units
11,531
Occupied Units
662
Vacant Units
2.95
Avg Household Size
Occupancy Type
$329,800
Median Home Value
-2% vs state ZIP avg
$1,259
Median Rent
1983
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
-2.2%
YoY Change (2024)
439
HPI Index (2000 = 100)
+339%
Total Change Since 2000
Home values in ZIP 85040 have decreased 2.2% over the past year (2024). Since 2000, this ZIP has seen +339% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +10.4% | 269 |
| 2021 | +17.6% | 317 |
| 2022 | +27.6% | 404 |
| 2023 | +11.1% | 449 |
| 2024 | -2.2% | 439 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 1,424 business establishments in ZIP 85040, employing approximately 54,447 people with a combined annual payroll of $3,914,885,000.
1,424
Businesses
54,447
Employees
$3.9B
Annual Payroll
17
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Wholesale trade | 256 | 18.0% |
| Construction | 214 | 15.0% |
| Manufacturing | 164 | 11.5% |
| Retail trade | 130 | 9.1% |
| Administrative and support and waste management and remediation services | 100 | 7.0% |
| Other services (except public administration) | 88 | 6.2% |
| Professional, scientific, and technical services | 87 | 6.1% |
| Accommodation and food services | 78 | 5.5% |
| Transportation and warehousing | 71 | 5.0% |
| Health care and social assistance | 64 | 4.5% |
| Real estate and rental and leasing | 51 | 3.6% |
| Finance and insurance | 48 | 3.4% |
| Educational services | 26 | 1.8% |
| Information | 22 | 1.5% |
| Management of companies and enterprises | 14 | 1.0% |
| Arts, entertainment, and recreation | 6 | 0.4% |
| Utilities | 5 | 0.3% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 85040 vs 85034 →
ZIP 85040 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 85008
Phoenix (85008)
56,145 residents
- 85041
Phoenix (85041)
54,947 residents
- 85282
Tempe (85282)
48,671 residents
- 85042
Phoenix (85042)
40,962 residents
- 85044
Phoenix (85044)
37,993 residents
- 85040
Phoenix (85040)
29,352 residents
- 85006
Phoenix (85006)
25,742 residents
- 85007 14,040
Phoenix (85007)
14,040 residents
- 85003 9,369
Phoenix (85003)
9,369 residents
What this shows Among its immediate neighbors, ZIP 85040 ranks #6 by population - useful context the national average alone can't give.
ZIP 85040 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 85044
Phoenix (85044)
$96,820 median income
- 85042
Phoenix (85042)
$88,717 median income
- 85282
Tempe (85282)
$79,036 median income
- 85041
Phoenix (85041)
$75,301 median income
- 85004
Phoenix (85004)
$73,750 median income
- 85008
Phoenix (85008)
$66,353 median income
- 85007
Phoenix (85007)
$63,616 median income
- 85034
Phoenix (85034)
$63,559 median income
- 85040
Phoenix (85040)
$60,727 median income
What this shows By household income, ZIP 85040 ranks #9 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 85034 | Phoenix, AZ | 5,582 | 2.0 mi |
| 85042 | Phoenix, AZ | 40,962 | 2.7 mi |
| 85006 | Phoenix, AZ | 25,742 | 4.3 mi |
| 85044 | Phoenix, AZ | 37,993 | 4.6 mi |
| 85004 | Phoenix, AZ | 4,965 | 4.0 mi |
| 85003 | Phoenix, AZ | 9,369 | 4.3 mi |
| 85008 | Phoenix, AZ | 56,145 | 4.6 mi |
| 85041 | Phoenix, AZ | 54,947 | 4.9 mi |
| 85007 | Phoenix, AZ | 14,040 | 4.7 mi |
| 85282 | Tempe, AZ | 48,671 | 5.5 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 85040, both outside AZ so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (29,352 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Maricopa County
Related Areas
Frequently Asked Questions
What county is ZIP code 85040 in?
ZIP code 85040 (Phoenix) is located in Maricopa County, Arizona. Maricopa County contains multiple ZIP codes, see the full list at /counties/maricopa-az.
What is the population of ZIP code 85040?
ZIP code 85040 in Phoenix, AZ has a population of 29,352 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 85040?
The median household income in ZIP 85040 is $60,727, which is 20% below the national average of $76,288.
What is the average home value in ZIP 85040?
The median home value in ZIP 85040 is $329,800, which is 19% above the national average of $278,155.
What is the demographic makeup of ZIP 85040?
The largest racial group in ZIP 85040 is Two or More Ethnicities at 40.7%. Hispanic or Latino residents make up 63.0% of the population.
How many businesses are in ZIP code 85040?
ZIP code 85040 has 1,424 business establishments employing approximately 54,447 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 85040?
The top industries by establishment count in ZIP 85040 are: Wholesale trade (256), Construction (214), Manufacturing (164). There are 17 industry sectors represented in total.
How have home values changed in ZIP code 85040?
According to the FHFA House Price Index, home values in ZIP 85040 decreased by 2.2% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 339%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 85040?
In ZIP code 85040, 44.1% of residents aged 25+ have a high school diploma or higher, and 15.4% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 85040?
The mean commute time for workers in ZIP code 85040 is 26.5 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 85040?
In ZIP code 85040, approximately 47.9% of occupied housing units are owner-occupied and 52.1% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 85040?
The poverty rate in ZIP code 85040 is 23.2% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 85040's numbers, next.
- See how ZIP 85040 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Phoenix, AZ ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.