Living in 85340 - Litchfield Park, Arizona
Your complete guide to the 85340 zip code area: homes, neighborhoods, schools, and community insights.
ZIP code 85340 is located in Litchfield Park, Maricopa County, Arizona. The median home price in this area is approximately $500K with a median household age of 40. The 85340 zip code covers Litchfield Park, a small, well-maintained city anchored by the historic Wigwam Resort.
The Complete Guide to 85340 - Litchfield Park, AZ
The 85340 zip code covers Litchfield Park, a small, well-maintained city anchored by the historic Wigwam Resort. The Wigwam has been a destination since the 1920s and features championship golf courses and a spa. The town has a distinct character with tree-lined streets, equestrian trails, and a charming downtown area along Old Litchfield Road. Homes range from established properties near the resort to newer builds in surrounding subdivisions. The community takes pride in its manicured appearance and small-town governance. Litchfield Elementary District is one of the highest-rated in the West Valley. The I-10 is close for commuting. It is a hidden gem in the West Valley, offering a level of charm and community pride that is rare in this part of the metro.
The 85340 zip code falls within Litchfield Park in Maricopa County, covering a population of approximately 7,500 residents. Notable communities within this zip code include Wigwam Area, each contributing to the area's overall character. The median age of 40 suggests a balanced mix of families, working professionals, and established residents who have chosen to put down roots.
Housing in 85340 spans a median home price of $500K, with median rental rates sitting at $1,600 per month. These rent levels place the area on the higher end of the Litchfield Park market, consistent with the quality of housing stock and community amenities available. School-age families in 85340 are primarily served by Peoria Unified School District (rated B+), which provide solid educational foundations with a range of program options.
Real Estate Market in 85340
ZIP 85340 trades at $500K median and $227 per square foot - below Litchfield Park's $250 city average, which flags this as a value zone within the city where your dollar stretches further. At 35 days on market, the pace gives buyers enough time for due diligence without the frenzy that characterized the pandemic market.
The rent-versus-buy math in 85340 is worth examining. At $1,600 monthly rent and a 3.8% annual rent-to-price ratio, the ownership cost runs higher than renting, which is typical for appreciating markets where buyers are paying for future equity growth rather than immediate cash flow savings. The median age of 40 in this zip suggests a stable mix of household types that keeps demand consistent across market cycles.
Neighborhoods in 85340
School Districts Serving 85340
What Makes 85340 a Great Place to Live
- Historic Wigwam Resort with championship golf
- Tree-lined streets and equestrian trails
- Charming downtown on Old Litchfield Road
- Top-rated Litchfield Elementary District
Explore Litchfield Park
Frequently Asked Questions
What is the median home price in 85340?
What neighborhoods are in 85340?
What is the median rent in 85340?
What school districts serve 85340?
Is it a good time to buy in 85340?
How long does it take to sell a home in 85340?
About This Guide
Venture REI monitors real estate conditions across the Phoenix metropolitan area, including 85340. The market insights in this guide reflect current ARMLS data combined with on-the-ground experience from a team that has been active in this market for over a decade.
For a candid look at what is available in 85340 right now, contact Venture REI.