85224, Chandler, AZ

The Chandler, Arizona zip code 85224 has a population of around 210,000 people and a median household income of $75,000. The home equity in this zip code is around $1.2 trillion, which is more than any other zip code in the United States. This high level of home equity is likely due to the high levels of income and wealth in this area.

The average home price in the Chandler, Arizona zip code is currently $269,000. This is higher than the national average of $217,500 and it has been increasing rapidly over the past few years. In 2016, the average home price was up by 10% from 2015 and it was up by 24% from 2014. The Chandler area has seen strong growth both in terms of prices and home equity values over the past few years.

There are a number of reasons why the Chandler area has seen such strong growth in terms of home prices and home equity values. One reason is that there are a lot of affluent people living in this area and they are likely investing their money into property here instead of elsewhere. Additionally, there are a lot of new developments being built in this area which are also contributing to increased demand for homes and property values.