85281, Tempe, AZ

Home Equity and Home Prices in the 85281 Zip Code of Tempe, AZ

The 85281 zip code of Tempe, AZ has a median home value of $213,000. This is higher than the national median home value of $177,500. The 85281 zip code also has a higher than average percentage of homeowners with equity in their homes. This is likely due to the high home values and low interest rates in this area.

The average monthly mortgage payment for a house in the 85281 zip code is $1,527. This is lower than the national average mortgage payment of $1,729. The percentage of homeowners who are paying more than 30% of their income on their mortgage is lower than the national average percentage of homeowners who are paying more than 30% of their income on their mortgage.

The unemployment rate for people living in the 85281 zip code is 4%. This is lower than the national unemployment rate which currently stands at 5%. The percentage of people living in poverty within this zip code is also lower than the national percentage of people living in poverty which currently stands at 13%.

There are many factors that contribute to home equity and home prices within a given area. Some important factors that may influence these values include interest rates, local economic conditions, and housing demand. It will be interesting to see how these values change over time as different factors impact them.