85037, Phoenix, AZ

The 85037 zip code of Phoenix, AZ has a median home value of $205,000 and a median home equity value of $137,000. The zip code has a population of about 1.5 million people and is one of the most populous in the Phoenix metropolitan area.

The average price per square foot for homes in the 85037 zip code is $101. The median age for homes in the 85037 zip code is about 41 years old, which is slightly higher than the citywide median age of 38 years old. About 54% of households in the 85037 zip code own their homes outright, while about 46% are owned by someone else through a mortgage or other loan arrangement.

There are several factors that may contribute to higher home values in the 85037 zip code compared to other areas of Phoenix:

-The presence of large corporate headquarters in the area (including Intel Corporation and Bank One Corporation) may lead to increased demand for housing stock;

-High levels of education and income among residents may also contribute to high home values;

-Low interest rates have helped to increase home equity values over time.