85040 Homes under $1 million

Welcome to the vibrant community of Phoenix, Arizona, where the zip code 85040 invites you to explore a world of possibilities in real estate. Nestled in the heart of Maricopa County, this area is known for its unique blend of urban convenience and suburban charm, making it an ideal place for families, young professionals, and retirees alike.

Homes in the 85040 zip code offer an exciting array of options, with a variety of properties available for under $1 million. This means that your dream home is not just a fantasy, but an attainable reality! From cozy single-family homes to modern townhouses, the diverse architectural styles cater to all tastes and budgets. You’ll find properties featuring spacious backyards, open floor plans, and contemporary finishes, perfect for entertaining or enjoying quiet evenings at home.

Living in 85040 means you’ll have access to a dynamic lifestyle. The area is surrounded by stunning desert landscapes, offering endless opportunities for outdoor adventures, including hiking, biking, and exploring nearby parks. You’ll also enjoy the convenience of nearby shopping centers, restaurants, and schools, ensuring that everything you need is just a stone’s throw away.

With a rich cultural scene and a welcoming community, Phoenix 85040 is more than just a place to live; it's a place to thrive. Whether you’re looking for your first home or a new investment opportunity, this area has something special waiting for you. Embrace the Arizona sun and make 85040 your new home today!

Newest 85040 Homes under $1 million

$460,710

3 Beds ⋅ 3 Baths ⋅ 7092906 MLS ⋅ ACTIVE Status ⋅ 0.04 Acres ⋅ 85040 Zip Code

Enjoy style and convenience at Urban at South Mountain, a gated community offering easy access to ASU, Sky Harbor Airport, I-10, shopping, dining, and entertainment. The thoughtfully designed Alpharetta plan combines low-maintenance living with modern finishes and flexible spaces. The kitchen showcases Frost White cabinetry, marble-look quartz countertops, stainless-steel appliances including the refrigerator, and a generous island with designer pendant lighting. Upstairs, a versatile loft provides room for a home office, media lounge, or creative retreat. Two secondary bedrooms offer comfortable accommodations, while the private primary suite features dual vanities, a walk-in shower, and a spacious walk-in closet. Discover a home that blends convenience with comfort. ^^Up to 6% of Base Price can be applied towards closing cost and/or short-long-term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply. Ask for more information!

5832 S 35th Way, Phoenix

$230,000

3 Beds ⋅ 2 Baths ⋅ 7092530 MLS ⋅ ACTIVE Status ⋅ 0.16 Acres ⋅ 85040 Zip Code

INVESTOR SPECIAL! FIXER-UPPER WITH GREAT POTENTIAL! This 3-bedroom, 2-bath property features a separate 1-bedroom casita, offering flexible living arrangements or potential rental income. No HOA! Enjoy a prime location close to public transportation, including the Valley Metro Light Rail. Great opportunity for investors or buyers looking to renovate and add value. Bring your vision and make this property shine!

1757 E Hidalgo Avenue, Phoenix

$162,500

2 Beds ⋅ 1 Baths ⋅ 7092409 MLS ⋅ ACTIVE Status ⋅ 0.02 Acres ⋅ 85040 Zip Code

Beautifully remodeled, this two-bedroom, one-bath townhome is available and move-in ready. Fresh paint and carpet, as well as new cabinets, quartz countertops, and ceramic bathroom tile; make this home updated without the time and expense of doing it yourself. All for less than dated similar available properites. Centrally located, this property is only minutes from Sky Harbor Airport and downtown Tempe. Take a look at this town home today, it is priced to move quickly!

4629 E Southgate Avenue, Phoenix

$379,900

3 Beds ⋅ 2 Baths ⋅ 7092096 MLS ⋅ ACTIVE Status ⋅ 0.13 Acres ⋅ 85040 Zip Code

Space, comfort, and possibility in South Phoenix! This single story, 3 bedroom, 2 bath home features vaulted ceilings and an open living area that creates an inviting setting for everyday living and entertaining. The eat in kitchen offers space to gather. Enjoy a spacious backyard with room to make your outdoor vision a reality, plus the convenience of a two car garage. Make this Phoenix home your own! Conveniently located near South Mountain, Downtown Phoenix, Sky Harbor Airport, freeway access, shopping, dining and outdoor recreation. Come see how much usable space this South Phoenix home has to offer.

5306 S 15th Street, Phoenix

$539,000

6 Beds ⋅ 3 Baths ⋅ 7090141 MLS ⋅ ACTIVE Status ⋅ 85040 Zip Code

Don't miss out on this Well-Maintained Triplex w/ Three Large 2-Bedroom, 1-Bath Units. Each Tenant has their own W/D hookupsl Well Maintained and updated as needed. Each unit has Kitchens Equipped with Range, Refrigerator & Hood Packages. Conveniently located near freeways, shopping, and dining. Ample parking with a convenient layout. The area is growing. Don't miss out!!

2903 E Wier Avenue, Phoenix

$429,900

3 Beds ⋅ 3 Baths ⋅ 7090085 MLS ⋅ ACTIVE Status ⋅ 0.09 Acres ⋅ 85040 Zip Code

Charming and beautifully updated two story home in Copper Leaf, offering a warm and inviting atmosphere with thoughtful improvements throughout. Step inside to pristine tile flooring, abundant natural light, and a neutral palette that creates a fresh, modern feel. The kitchen is bright and welcoming, featuring crisp white cabinetry, tiled backsplash, granite countertops, stainless steel appliances, and a center island. A NEW A/C UNIT and solar panels were both installed in 2025, and the solar is fully paid off, offering the potential for energy savings without a solar loan. The primary bedroom features a full bathroom with dual sinks and a practical walk-in closet. The loft has been thoughtfully converted into a fourth bedroom for added convenience and features a spacious closet system. Outside, enjoy great curb appeal, manicured landscaping, a two-car garage, and a backyard designed for easy enjoyment with a covered patio, artificial grass, and a gazebo perfect for gatherings and entertaining. With its beautiful updates, comfortable layout, and valuable improvements already in place, this inviting home is ready to welcome its next owner. Assumable loan available to a qualified buyer, subjet to lender approval and terms. Listing agent is related to the seller.

2340 E Wayland Drive, Phoenix

$428,500

3 Beds ⋅ 3 Baths ⋅ 7089732 MLS ⋅ ACTIVE Status ⋅ 0.04 Acres ⋅ 85040 Zip Code

Enjoy contemporary townhome living in the gated Urban at South Mountain community, ideally positioned near ASU, Sky Harbor Airport, shopping, dining, and major commuter routes. The Orinda plan creates a welcoming setting with a spacious great room and dramatic 15-foot slider that opens to the backyard, bringing in natural light and extending the living space outdoors. The designer kitchen showcases Stone Grey cabinetry, Arctic White quartz countertops, GE Profile stainless-steel appliances, and a generous island with pendant lighting. Upstairs, a versatile loft adds room for a home office or media lounge, while two secondary bedrooms provide flexibility. The private primary suite offers dual vanities, a walk-in shower, and spacious walk-in closet. ^^Up to 6% of Base Price can be applied towards closing cost and/or short-long-term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply. Ask for more information!

5836 S 35th Way, Phoenix

$455,090

3 Beds ⋅ 3 Baths ⋅ 7089726 MLS ⋅ ACTIVE Status ⋅ 0.04 Acres ⋅ 85040 Zip Code

Discover effortless urban living in the gated Urban at South Mountain community with the stylish Alpharetta plan. Designed for low-maintenance living, this home offers a convenient location near ASU, Sky Harbor Airport, I-10, shopping, dining, and entertainment. The inviting kitchen pairs Stone Grey cabinetry with Arctic White quartz countertops, stainless-steel appliances including the refrigerator, and a spacious island illuminated by designer pendant lighting. Upstairs, a versatile loft creates the perfect spot for a home office, media space, or creative studio. Two secondary bedrooms complement a private primary suite featuring dual vanities, a walk-in shower, and generous walk-in closet. Modern finishes and smartly designed spaces make everyday living feel easy and refined. ^^Up to 6% of Base Price can be applied towards closing cost and/or short-long-term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply. Ask for more information!

5840 S 35th Way, Phoenix

$329,900

3 Beds ⋅ 2 Baths ⋅ 7089354 MLS ⋅ ACTIVE Status ⋅ 0.15 Acres ⋅ 85040 Zip Code

Tenant-occupied investment opportunity near Tempe with an existing lease through 6/30/2027. Single-level home with an open great-room layout, wood-look flooring throughout much of the interior, white shaker-style kitchen cabinetry and decorative tile backsplash. Spacious private backyard offers grass, low-maintenance landscaping and a pergola-covered patio. A 2-car covered carport provides off-street parking. No HOA and easy access to I-10, Sky Harbor, ASU, Arizona Mills and Tempe Diablo Stadium. Skip the initial vacancy and tenant-placement process. Ideal for a buy-and-hold investor seeking rental income from day one and future flexibility at lease expiration.

4708 E La Salle Street, Phoenix

$199,000

3 Beds ⋅ 1 Baths ⋅ 7089018 MLS ⋅ ACTIVE Status ⋅ 0.02 Acres ⋅ 85040 Zip Code

Discover modern living in this beautifully remodeled 3-bedroom, 1-bath townhouse! Enjoy a bright, open living space filled with natural light and stylish wood-look plank flooring. The fully updated kitchen features sleek quartz countertops, a smooth-top electric range, and stainless steel appliances. Upstairs, find generously sized, updated bedrooms and a stylish bathroom. Relax on your private patio or enjoy the community pool just steps away. Additional features include assigned parking, laundry hookups, and extra storage. Conveniently located just minutes from Phoenix Sky Harbor International Airport, Downtown Phoenix, ASU, and major freeways, this move-in-ready home offers modern style and everyday convenience!

4015 S 45th Street, Phoenix

$450,000

3 Beds ⋅ 3 Baths ⋅ 7088935 MLS ⋅ ACTIVE Status ⋅ 0.08 Acres ⋅ 85040 Zip Code

Light, Bright and Open with Vaulted Ceilings & Lots of Windows. Open, Eat-in, Island Kitchen with Breakfast Bar, Stainless Steel Appliances, Large Pantry & Refrigerator Included. Separate Living Room and Family Room with Decorative Shelving and Niches & Formal Dining Room. Huge Master with Double Door Entry, Bay Window & His & Hers Closets. Loft Area is a Perfect Den, Office or Upstairs Living Area. Newer Paint Throughout and 18 Inch Tile in the Downstairs All in Neutral Colors. Block Privacy Fence, Outdoor Patio and Very Low Maintenance Landscape. Two Car Garage, Upstairs Laundry, Gated Community in a Convenient Area! Low HOA Fee.

4106 E Chambers Street, Phoenix

$465,000

3 Beds ⋅ 2 Baths ⋅ 7087834 MLS ⋅ ACTIVE Status ⋅ 0.11 Acres ⋅ 85040 Zip Code

Unbeatable Location in the Heart of Phoenix! Welcome to the desirable, gated community of Southern Enclave.Tucked away in a premier Phoenix neighborhood, this move-in-ready, 3-bedroom plus den, 2-bath home boasts a bright, open floor plan designed for effortless living and entertaining. At the heart of the home, the impressive kitchen opens seamlessly to the great room, featuring quartz countertops, stainless steel appliances, and ample prep space.The split layout offers a spacious primary suite for ultimate privacy, a versatile office/den or flex space, and freshly painted interior throughout.Step outside to your private backyard oasis, complete with artificial turf, custom pavers, and pre-plumbed gas ready for your BBQ grill. You will love the privacy with trees behind the back yard Other features include a: 2-car garage featuring built-in overhead storage and an EV charging outlet. Residents enjoy exceptional community amenities, including a neighborhood park and a dedicated dog park. Best of all, you are just minutes from Downtown Phoenix, South Mountain, top-rated dining, major sporting events, and world-class hiking and biking trails and more! This gem is move in ready!!

5622 S 28th Street, Phoenix

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