85338, Goodyear, AZ

The 85338 zip code of Goodyear, AZ has a median home value of $183,000 and a median home equity value of $142,000. The average home size in the 85338 zip code is 2,898 square feet. The 85338 zip code has a population of around 41,500 people.

There are a number of factors that contribute to the high home values in the 85338 zip code. First and foremost is the fact that Goodyear is one of the most affluent cities in Arizona. Second is the low rate of foreclosure activity in this area which means that there are more homes for sale than there are buyers interested in purchasing them. Finally, good schools and strong job prospects also contribute to high home values in this area.

Despite these positive factors, there are some areas where the housing market in the 85338 zip code could use improvement. For example, while demand for homes remains high overall due to Goodyear's affluent population and low foreclosure rate, there may be too many luxury homes being built instead of more affordable options for those looking to buy their first or second home. Additionally, while it's generally difficult to find housing that isn't within walking distance to good schools and work opportunities, there may be too few options available within reasonable commuting distances.