85248, Chandler, AZ

The 85248 zip code of Chandler, AZ has a median home value of $217,000. The home equity in this zip code is $128,000. This means that the majority of homeowners in this zip code have more equity in their homes than they need to cover their monthly mortgage payments.

There are a number of reasons why homeowners in the 85248 zip code have more equity in their homes than they need to cover their monthly mortgage payments. First, many homeowners here have taken advantage of low interest rates over the past few years and have put down a larger percentage of their home's value than average. Second, Chandler is a relatively young city and there are still many homes available for purchase or lease. Finally, Chandler's economy has been strong over the past few years and more people are able to afford homes than ever before.