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Home values, rents and more in ZIP code 85623 (Oracle, AZ)

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$523,000
Metro: $441,000 · U.S.: $366,000
Home values, past year
+1.2%
Metro: −1.1% · U.S.: +1.2%
Population
5,558
ACS 2020–24
Median household income
$68,541
Metro: $88,301 · U.S.: $80,734
ZIP codes around 85623, shaded by typical home value856238561885739856198565885631857558573785742
  • Under $240k
  • $240k–$380k
  • $380k–$470k
  • $470k–$530k
  • $530k+
  • No data
ZIP codes around 85623, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. 85623 is outlined.

How 85623 compares

The typical home in ZIP code 85623 (Oracle, AZ) is worth about $523,000, according to the Zillow Home Value Index for September 2026. Home values in 85623 are 19% above the typical value in the Phoenix metro area ($441,000) and 43% above the U.S. typical value ($366,000).

Over the past year, home values in 85623 rose 1.2%, compared with −1.1% in the Phoenix metro area and +1.2% nationally.

The median household income is $68,541, against $88,301 in the Phoenix metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 5,558 people live in 85623 (American Community Survey 2020–24).

85623 has the 44th-highest typical home value of the 149 ZIP codes in the Phoenix metro area and the 65th-highest of 300 in Arizona with Zillow figures.

Part of: Oracle, AZ · Pinal County, AZ · Phoenix metro area · Arizona

More for 85623 in ProMap Plus

These measures are on the map for subscribers. Open ProMap to see them for 85623 and every other place.

  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Zillow 12-month price forecast
  • Crime rates
  • School test scores
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby ZIP codes

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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