85145, Red Rock, AZ

Home Equity and Home Prices in the 85145 Zip Code of Red Rock, AZ

The 85145 zip code of Red Rock, Arizona has a median home value of $215,000. This is higher than the statewide median home value of $183,500. The average home value in this zip code is also higher than the national average.

There are a number of factors that contribute to the high home values in this zip code. One reason is that Red Rock is a popular tourist destination and has a high demand for housing. Additionally, there are many affluent residents who can afford to purchase homes here.

Despite these high values, there may be some risk associated with buying a home in this zip code. For example, if the economy takes a downturn or interest rates rise significantly, homeowners could find themselves struggling to pay their mortgages.

Overall, though there may be some risks associated with owning a home in this zip code, the high prices and strong demand make it an attractive option for those who can afford it.