85347, Roll, AZ

The 85347 zip code of Roll, Arizona has a median home value of $181,500 and a median home equity value of $101,000. The average home in this zip code was built in 1986 and is approximately 2,600 square feet. Approximately one-third of the homes in this zip code are owner-occupied while two-thirds are occupied by renters. The average rent for a two-bedroom apartment in this zip code is $1,100/month.

The 85347 zip code has seen an increase in home values over the past five years. In 2012, the median home value was $157,500 while the median home equity value was only $86,000. Since then, the median home value has increased by 33% to reach $181,500 while the median home equity value has increased by 54% to reach $101,000. This indicates that there is strong demand for homes in this area and that people are willing to invest money into purchasing a property here.

One reason why there has been such an increase in home values is because of the low unemployment rate in Roll (3%). Additionally, many people who live in this area commute to work outside of Roll which means that they have more disposable income available to invest into their homes. Additionally, many people who live in Roll own their own businesses which also contributes to their wealth accumulation as they can use their profits to purchase a property or invest into other ventures.