85210, Mesa, AZ

Mesa, AZ is located in the East Valley of Phoenix and has a population of over 1 million people. The 85210 zip code has a median home value of $235,000 and a median household income of $75,000. Mesa is one of the most affluent areas in Arizona and has seen significant growth in recent years.

Home equity is an important part of many Americans' lives. Home equity provides individuals with access to funds that they can use to pay off debts or invest in other assets. Home prices are also an important factor in people's lives. Home prices reflect the value of a home and can be affected by many factors, including interest rates, market conditions, and local housing trends.

According to data from Zillow, the average home value in Mesa increased by 7% between 2016 and 2017. This growth was driven largely by strong demand for homes in the area and limited supply. The Zillow report also noted that Mesa had one of the highest rates of appreciation among all U.S. cities during this time period (Zillow report). In addition to strong demand from buyers, Mesa's low unemployment rate (4%) contributed to its high home values (Zillow report).

Despite these positive trends, there are some risks associated with buying a home in Mesa. For example, interest rates have been on the rise recently which could make it more difficult for buyers to afford their homes (Zillow report). Additionally, although prices have been increasing rapidly over the past few years, they may not continue doing so indefinitely (Zillow report). Finally, although Mesa is one of the most affluent areas in Arizona, it does not immune from economic downturns – which could lead to lower home values (Zillow report).