85138, Maricopa, AZ

The 85138 zip code of Maricopa, AZ has a population of over 234,000 people and a median household income of over $60,000. The home equity in this zip code is currently at $236 billion, which is more than the GDP of any country in the world. This high level of home equity is due to the strong economy and low interest rates in Arizona.

Arizona has had a strong economy for many years now, and this has led to an increase in home values throughout the state. In 85138 specifically, home values have increased by an average of 18% since 2007. This rate of growth is much higher than the national average, which has seen only an increase of 6% during this same time period.

There are several factors that have contributed to the high levels of home equity in 85138. First and foremost, Arizona has had a very low unemployment rate for many years now, which means that there are plenty of people who can afford to buy homes. Additionally, Arizona's economy is based on services rather than manufacturing like other states, so businesses have been able to keep their jobs even when the economy has been weak elsewhere. This means that there are more jobs available for buyers who want to purchase a home rather than rent one.

Despite these positive factors, there are some risks associated with having such high levels of home equity in Arizona. For example, if interest rates rise suddenly or the economy takes a downturn then many homeowners could find themselves struggling to pay their mortgages or rent payments on their homes. Additionally, if someone loses their job then they may not be able to afford to make mortgage or rent payments on their house anymore either. In short, while 85138 residents enjoy extremely high levels of home equity it's important that they understand all the risks involved before making any major decisions about their finances or property ownership