85032, Phoenix, AZ

The 85032 zip code of Phoenix, AZ is a rapidly growing area with a median home price of over $500,000. Home equity in this area is high and homeowners are able to borrow against their homes to finance many purchases. The average home loan amount in this zip code is $236,000.

The 85032 zip code has a population of over 230,000 and is projected to have a population of over 330,000 by 2020. This growth has led to increased demand for housing and the prices of homes in this area have increased accordingly. The average home price in the 85032 zip code was $497,500 as of September 2017. The median home price was $485,250 which indicates that there is a wide range of prices within the zip code.

Homeownership rates in the 85032 zip code are high compared to other areas in Arizona. As of 2016, 69% of households were owner-occupied while 31% were renter-occupied. This indicates that there is strong demand for housing in the 85032 zip code and that homeownership rates are high because people can afford to buy homes here.