85379, Surprise, AZ

The 85379 zip code of Surprise, AZ has a median home value of $224,000. This is higher than the national median home value of $181,500. The 85379 zip code also has a higher than average percentage of homes with a mortgage at 97%. This is higher than the national mortgage rate of 4.5%.

Surprise's high home values and high percentage of homes with mortgages may be due to its strong economy. The city's unemployment rate is only 3%, which is lower than the Arizona state unemployment rate of 5%. Additionally, Surprise has seen significant growth in recent years and many new homes have been built in the area. As a result, there are more potential buyers and sellers in the market for homes in Surprise.

Despite these positive factors, some people may be concerned about the possibility that Surprise's high home values could eventually lead to increased prices for housing in the area. However, it appears that this has not yet happened and prices have remained relatively stable over the past few years. In addition, there are many other areas within Arizona that also have high home values and low unemployment rates, so it seems likely that prices will continue to rise gradually across all areas of Arizona over time.