85301, Glendale, AZ

The Glendale, AZ 85301 zip code has a population of about 116,000 people and is located in the Phoenix metropolitan area. The median home value in the Glendale, AZ 85301 zip code is $269,000 which is about average for the Phoenix metro area. The median home equity in the Glendale, AZ 85301 zip code is $130,000 which is about average for the Phoenix metro area.

There are a number of factors that can affect home values and home equity in an area such as population growth or decline, interest rates, market conditions and local government policies. However, over time there have been consistent trends in both home values and home equity in the Glendale, AZ 85301 zip code. Over the past five years (2012-2017), there has been an average annual increase of 2.5% in home values and an average annual increase of 1% in home equity. This indicates that although there may be some fluctuations from year to year due to market conditions or other factors, on average both homes values and home equity are increasing over time in this particular area.

One reason thathome valuesandhome equityin this particulararea are increasingover time may be due to strong demand from buyers who are looking for reasonably priced homes within close proximity to major metropolitan areas like Phoenix. Additionally, many homeowners who have had their homes for several years now may be feeling more confident about their investment status as prices have continued to rise even though interest rates have remained relatively low throughout this period. In addition to strong demand from buyers and homeowners who are feeling confident about their investment status, another factor that could be contributing to increased prices andhome equityin this particulararea isthe factthat Glendalehas beenidentifiedas oneofthe top-performing citiesfor housing affordability according to Zillow’s 2018 Home Value Index report . According to this report , Glendale ranks #8 out of 100 U.S. cities with a population over 100 thousand people when it comes to being affordable for households making between 75% - 200% of median income . This indicates that although housing prices may be higher than some other areas within the Phoenix metro area , on average households earning a median income can still afford a house within Glendale without having too much difficulty doing so .