What Investors Should Know About 85008 in Phoenix
We often get asked where we'd look for an investment property in the Valley, and 85008 is one of the first zip codes we bring up. Here's why, and what to check before you buy.
Location. 85008 sits next to Arcadia and South Scottsdale, close to Papago Park, the Camelback corridor restaurants, Sky Harbor, and Old Town. Its neighbors are established, higher-priced areas.
Housing stock. Much of 85008 was built in the 1950s. Some homes have been updated; many are close to original. That means a range of price points and a lot of renovation opportunity — and a lot of homes that need a careful inspection (sewer scope, electrical panel, roof, and HVAC ages).
Price point. Home prices in 85008 run well below Arcadia and South Scottsdale. Zillow put the typical home value at about $378,780 as of June 2026 [update and link]. What a property earns depends on the purchase price, the renovation budget, rents, and the market, so run the numbers on the specific home.
What to check before you buy
Current rents and vacancy for comparable homes on that street
Renovation costs from real contractor quotes, not estimates
HOA rules, if any, and city rental and STR requirements
Insurance quotes, since older roofs and panels can change them
Past performance doesn't guarantee future results, and no zip code is a sure thing. What 85008 offers is a central location next to pricier neighborhoods at a lower entry point, which is why we keep an eye on it.
If you're looking at an investment purchase, reach out and we'll pull comps and rent data for the specific homes you're considering.
