85257, Scottsdale, AZ

Scottsdale, Arizona is a popular tourist destination for people in the Phoenix metropolitan area. The city has a population of about 215,000 and is located in Maricopa County. Scottsdale was founded in 1894 and became a city in 1951. The 85257 zip code includes much of the city's downtown area as well as some residential areas.

The Scottsdale market has seen strong growth over the past several years, with home prices increasing by an average of 10% annually. This has led to significant increases in home equity values within the 85257 zip code. As of September 2016, the median home value within this zip code was $269,500, up from $242,500 just two years earlier. In addition to strong home price growth, there has been a corresponding increase in demand for homes within this zip code. As of September 2016, there were 2,711 active listings within this zip code (up from 1,898 listings at the same time last year), indicating that there is high demand for housing within this area.

Despite these positive trends, there are some risks associated with buying or selling homes in Scottsdale. One potential risk is that interest rates could rise over time and make it more difficult for buyers to afford homes or for sellers to receive a fair price for their property. Another potential risk is that the economy could weaken and lead to decreased demand for housing units within Scottsdale or elsewhere in Maricopa County. However, overall it appears that the market conditions are supportive of continued strong growth in home values and home equity values within the 85257 zip code over the next several years