85365, Yuma, AZ

The 85365 zip code of Yuma, AZ has a population of about 104,000 people. The median household income in this zip code is $51,000 and the median home value is $137,500. The average home equity in this zip code is $75,000.

Home equity is important because it allows homeowners to use their homes as collateral for loans. Home prices in the 85365 zip code have been increasing over the past few years due to strong demand and limited supply. In 2016, the average home price in this zip code was $135,000. This year, the average home price has increased to $142,500.

There are a number of factors that have contributed to the increase in home prices in the 85365 zip code over the past few years:

1) Low interest rates: Interest rates have been low for a long time now and this has helped to increase demand for homes because homeowners can borrow money against their homes without having to pay high interest rates.

2) Limited supply: There are not many new homes being built in Yuma these days which has led to increased demand for existing homes.

3) Strong economic growth: The economy has been growing steadily over the past few years which has led to more jobs and higher wages which in turn has helped to increase consumer spending and consequently house prices.