85123 — Arizona City, AZ Home Values
Typical home value $250,213 as of June 2026 · 144th of 149 in Phoenix-Mesa-Chandler, AZ
Blue: typical home value (Zillow ZHVI) in ZIP code 85123, June 2021 to June 2026. This page shows observed data only; no forecast.
How 85123 compares in the Phoenix-Mesa-Chandler, AZ area
ZIP code 85123 (Arizona City, AZ) has a typical home value of $250,213 as of June 2026, ranking 144th of 149 ZIP codes tracked in the Phoenix-Mesa-Chandler, AZ area, more expensive than about 4% of ZIP codes in the metro. Prices here have moved -2.9% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +13.7%, from $220,034 in June 2021 to $250,213 in June 2026. Against observed rent, the typical home here sells for 14× the annual rent ($1,493/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Phoenix-Mesa-Chandler, AZ forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Phoenix.
Population and demographics
ZIP code 85123 has a population of 8,828, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 57.4% White, 36.8% Hispanic or Latino, 3.8% two or more races, 1.6% Black or African American, and 0.3% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Arizona City Elementary School | 12115 W BENITO DR, ARIZONA CITY, AZ | 3.2 mi |
| Toltec Elementary School | 3315 N TOLTEC RD, ELOY, AZ | 5.9 mi |
| ECambridge | 3315 N TOLTEC RD, ELOY, AZ | 5.9 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 85123?
$250,213 as of June 2026, the latest month Zillow has published observed data for.
Is 85123 an expensive ZIP code in the Phoenix-Mesa-Chandler, AZ area?
85123 ranks 144th of 149 ZIP codes in the Phoenix-Mesa-Chandler, AZ area by typical home value, more expensive than about 4% of ZIP codes in the metro.
How much have home values in 85123 changed over the past year?
-2.9% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 85123?
The typical home price is 14× the observed annual rent in this ZIP code ($1,493/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 85123?
8,828, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 85123?
Arizona City Elementary School (3.2 mi), Toltec Elementary School (5.9 mi), ECambridge (5.9 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 85123?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Phoenix-Mesa-Chandler, AZ forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.