85283, Tempe, AZ

Home Equity and Home Prices in the 85283 Zip Code of Tempe, AZ

The 85283 zip code of Tempe, Arizona has a median home value of $247,000. This is higher than the national median home value of $177,500. The percentage of homes in this zip code that are valued at more than $300,000 is also higher than the national percentage of 25%. The percentage of homes in this zip code that are valued at less than $100,000 is lower than the national percentage of 33%.

There are a number of factors that may contribute to these high home values and high percentages in this zip code. One reason may be that there is a high demand for housing in Tempe. Another reason may be that there is a low supply of housing available in this area. Additionally, many people who live in this zip code have incomes that allow them to purchase homes worth more than the average person's income.