85381, Peoria, AZ

The 85381 zip code of Peoria, AZ has a median home value of $130,000. This is lower than the national median home value of $177,500. The 85381 zip code also has a lower than average percentage of homeowners with a mortgage at 66%. This is higher than the national mortgage percentage of 63%.

There are several factors that may contribute to the lower home values in the 85381 zip code. One reason may be that Peoria is a relatively small city and there may not be as much demand for homes as there is in larger cities. Additionally, Peoria may have a higher rate of unemployment than other areas which could lead to fewer people being able to afford a home.

Despite these factors, there are still some homeowners in the 85381 zip code who are able to purchase homes for below average prices. This could be due to low interest rates or because they were able to negotiate better terms on their mortgages. It's important to note that even though home values in this area are lower than average, it's still possible to find an affordable property if you're willing to look hard enough.