85008, Phoenix, AZ

The Phoenix 85008 zip code has a median home value of $217,000 and a median home equity of $130,000. The Phoenix 85008 zip code has seen an increase in home values over the past few years, with the median home value increasing by 10% from 2013 to 2016. This is likely due to the strong economy and low interest rates, as well as the availability of affordable housing in the area.

Home equity is important for many reasons. It can provide financial stability during difficult times, help you pay down debt faster, and provide a cushion in case of an emergency. Additionally, having a high home equity can indicate that you are doing well financially – which can give you confidence to make other financial decisions.