85531, Central, AZ

The Central, AZ 85531 zip code has a population of around 113,000 people and is located in the Phoenix metropolitan area. The median home value in this zip code is $164,500 and the median home equity value is $128,700. This means that the majority of homes in this zip code are worth more than their original purchase price.

Home equity values have been on the rise for many years in Central, AZ. In fact, according to Zillow’s Home Value Index (HVI), the median home equity value increased by 5% from 2016 to 2017. This increase can likely be attributed to strong economic conditions and low interest rates over this period.

Central, AZ 85531 homeowners also benefit from strong home prices relative to other areas of the country. For example, according to Trulia’s Cost-of-Living Index (CLI), Central ranks as one of the least expensive places to live in Arizona. Additionally, Central ranks as one of the most affordable places to live in Phoenix metro area when compared with other large cities across America. This makes it an attractive place for families looking for a quality education without having to sacrifice too much money when it comes to housing costs.